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PAN-90806

PanOptica, Inc.

Drug Names(s): PAN90806 Ophthalmic Solution

Description: PAN-90806 is an inhibitor of VEGF, a protein that plays a critical role in angiogenesis (the formation of new blood vessels) and increased blood vessel permeability (leakage from blood vessels).

Deal Structure: OSI (Astellas) and PanOptica
In January 2010, PanOptica announced that it had licensed exclusive worldwide ophthalmic rights to PAN-90806 from OSI Pharmaceuticals, a wholly owned subsidiary of Astellas in exchange for up-front cash, equity interest in PanOptica, and potential future milestones and royalties. Financial terms of the agreement have not been disclosed.

Partners: Astellas Pharma, Inc.


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