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Isotechnika grants Lux Biosciences worldwide ophthalmic rights to ISA247

Published in Health and Medicine Week, June 22nd, 2006

Isotechnika, Inc., announced that the company has signed an agreement with Lux Biosciences, Inc., of Jersey City, New Jersey granting Lux Biosciences worldwide rights to develop and commercialize Isotechnika's lead drug, ISA247, for the treatment and prophylaxis of all ophthalmic diseases.

ISA247 is a calcineurin inhibitor currently being investigated in a phase III trial for the treatment of moderate-to-severe psoriasis and a phase IIb trial for the prevention of organ rejection following transplantation.

Under the terms of the agreement:

1) Lux Biosciences, Inc., will make upfront and milestone payments to Isotechnika. Assuming...

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