Drug Delivery
ForSight Labs Announces Acquisition of ForSight Newco II by QLT, Inc.
Published in Lab Business Week, October 28th, 2007
ForSight Labs LLC announced that its second spin out company, privately held ForSight Newco II, Inc., has entered into an agreement to be acquired by QLT Inc. (Nasdaq: QLTI; TSX: QLT). The acquisition includes ForSight Newco II's proprietary ocular punctal plug drug delivery system. This system has the potential for multiple product opportunities, including treatment of glaucoma. Glaucoma affects ~65 million people worldwide and is the second leading cause of blindness. Approximately 99% of glaucoma patients are treated with topical medications; this new technology could address the uncertainty of patient-administered daily drops.
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Source: Lab Business Week (2007-10-28)
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