Ocumension Therapeutics announced that it has entered into a product acquisition agreement with a leading global pharmaceutical company Novartis, pursuant to which the Company will acquire all the equity interests in two ophthalmic drugs, Emadine® (Emedastine Difumarate Eye Drops) and Betopic® S (Betaxolol Hydrochloride Eye Drops), in Mainland China and obtain the transfer of the corresponding manufacturing technology. Ocumension's ophthalmic drug pipeline will be expanded to 20 products, with four products already commercialized and five products in phase III clinical trials worldwide, highlighting the value of its ophthalmic innovative drug platform. Through this transaction, Ocumension will also continue to strengthen its cooperation with Novartis in various aspects, such as manufacturing, sales and commercial promotion.