DIA Biosimilars 2013

Ophthotech

Ophthotech raises $175M for phase III Fovista anti-PDGF combo therapy in wet AMD

Wednesday, May 29, 2013 02:10 PM

Ophthotech, a privately held biopharmaceutical company, has raised $175 million to finance a global phase III clinical program of its lead compound Fovista, an anti-platelet-derived growth factor (PDGF), in combination with anti-VEGF therapy for the treatment of neovascular age-related macular degeneration (wet AMD). The multi-national phase III trial is expected to begin in the third quarter of 2013 and enroll nearly 1,900 patients in more than 200 centers worldwide.

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September 30

Novartis-Walgreens pilot study blurring the line between retail pharmacy, investigative site

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New growth and decline in Asia clinical trials
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Sponsors look to collaborate on comparator drugs
Co-therapies, comparators are in 60% of studies, cost $25m per company a year

Early adopters implement risk-based monitoring pilot programs
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