Ophthotech Gets $30M Series B for Trials of Lucentis Add-Ons

Morrison, Trista
December 2009
BioWorld Today;12/15/2009, Vol. 20 Issue 240, p1
The article reports on the 30 million U.S. dollar Series B financing secured by Ophtotech Corp. The financing round is designed to support the clinical trials of the company's age-related macular degeneration (AMD) drugs. Samir Patel, president and chief executive officer (CEO) of Ophthotech, relates the sales posted by Lucentis AMD drug in 2008. Patel highlights problem with the Lucentis AMD drug from Genentech and Roche. It outlines the results of the trial for E10030, the lead AMD drug from Ophthotech.


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