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Novartis commits $1bn for ex-US rights to Ophthotech AMD drug

This article was originally published in Scrip

Executive Summary

Ophthotech will almost double its cash balance with a $200m upfront payment and $130m in near-term milestone fees under a deal worth up to $1.03bn plus royalties that gives Novartis ex-US rights to Fovista for wet age-related macular degeneration (AMD).

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