NicOx earns $10M milestone under Bausch & Lomb accord

13 March 2012

French biotechnology firm NicOx (Euronext Paris: COX) will receive a $10 million milestone from US partner Bausch & Lomb after the companies announced positive top-line results from the Phase IIb study conducted with BOL'303259'X, a novel nitric oxide-donating prostaglandin F2'alpha analog, in patients with open-angle glaucoma or ocular hypertension.

BOL'303259'X (previously NCX 116) was licensed by NicOx to eye health firm Bausch & Lomb under a deal worth a potential $180 million to the French company (The Pharma Letter March 4, 2010). Bausch & Lomb will now initiate a global Phase III development program for BOL-303259-X.

Product consistently lowered IOP

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