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Details:
CSF-1 is a preservative-free formulation of low-dose pilocarpine, a muscarinic cholinergic agonist used on the eye to treat elevated intraocular pressure, various types of glaucoma, and to induce miosis. It is being investigated for the treatment of presbyopia.
Lead Product(s): Pilocarpine Hydrochloride
Therapeutic Area: Ophthalmology Product Name: CSF-1
Highest Development Status: Phase IIIProduct Type: Small molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable February 21, 2023
Details:
Two presentations on Phase 2b clinical trial show CSF-1 met primary endpoints and achieved statistically significant and clinically meaningful improvements in distance-corrected near visual acuity (DCNVA) for participants with presbyopia.
Lead Product(s): Pilocarpine Hydrochloride
Therapeutic Area: Ophthalmology Product Name: CSF-1
Highest Development Status: Phase IIIProduct Type: Small molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable April 23, 2022
Details:
By repurposing existing and well-studied molecules, CSF-1 is designed to be effective, safe, comfortable, and easy-to-use, corrective eye drop for the treatment of presbyopia as an alternative to reading glasses.
Lead Product(s): CSF-1
Therapeutic Area: Ophthalmology Product Name: CSF-1
Highest Development Status: Phase IIIProduct Type: Large molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable March 15, 2022
Details:
Proceeds from the financing will be used to advance Orasis’ lead eye drop candidate for the treatment of presbyopia symptoms through completion of its Phase 3 clinical trials.
Lead Product(s): CSF-1
Therapeutic Area: Ophthalmology Product Name: PresbiDrops
Highest Development Status: Phase IIProduct Type: Large molecule
Partner/Sponsor/Collaborator: Bluestem Capital
Deal Size: $30.0 million Upfront Cash: Undisclosed
Deal Type: Series C Financing September 10, 2020