Sophia Antipolis, France
Nicox SA (Euronext Paris: FR0013018124, COX), an international ophthalmology company, today announced that its partner has received approval in Canada of VYZULTATM (latanoprostene bunod ophthalmic solution), 0.024%. Bausch + Lomb, a leading global eye health company and wholly owned subsidiary of Bausch Health Companies Inc. (NYSE/TSX: BHC) and exclusive global licensee for VYZULTATM, announced the approval yesterday. VYZULTATM is indicated for the reduction of intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension.
Michele Garufi, Chairman and Chief Executive Officer of Nicox, said: “The Canadian approval of VYZULTA, its first approval outside the U.S., is excellent news and sets the stage for what we believe should be a strong year for Nicox. In 2019 we anticipate for ZERVIATE a U.S. commercial launch by our partner Eyevance and potential additional licensing agreements in other geographies. Therefore, between the revenues from VYZULTA royalties from Bausch + Lomb and the future royalty streams from ZERVIATE, we look forward to a continuous and progressive income for Nicox for the next several years.”
Nicox receives increasing tiered net royalties of 6% to 12% on global sales of VYZULTATM as well as up to $150 million in net sales milestones linked to global sales.
Bausch + Lomb’s announcement (dated January 3, 2019) regarding this approval can be accessed by the following link: https://www.newswire.ca/news-releases/bausch-lomb-announces-health-canada-approval-of-vyzulta-tm-latanoprostene-bunod-ophthalmic-solution-0-024-for-the-treatment-of-glaucoma-897268417.html.