Expands Clinical Program of Hydrogel Platform Technology into New
Indication
BEDFORD, Mass.--(BUSINESS WIRE)--Jan. 21, 2015--
Ocular Therapeutix™, Inc. (NASDAQ:OCUL), a biopharmaceutical company
focused on the development and commercialization of innovative therapies
for diseases and conditions of the eye, announced today enrollment of
the first patient in a Phase 2 clinical trial to evaluate the safety and
efficacy of Sustained Release Dexamethasone (OTX-DP), an ophthalmic
corticosteroid for the treatment of inflammatory dry eye disease. Ocular
Therapeutix’s dexamethasone is being developed for administration as a
one-time, bioresorbable intracanalicular plug for drug release to the
ocular surface for up 30 days.
In this prospective, multicenter, randomized, parallel-arm,
double-masked, vehicle-controlled study, 40 patients (up to 80 eyes)
exhibiting signs and symptoms of dry eye disease are expected to be
enrolled at two sites in the United States. Designed as a serial phase
study, patients will initially be administered a placebo vehicle plug
for 30 days to establish a baseline for the investigational drug
treatment. Patients who respond to the placebo plug only in treatment of
their dry eye disease will be excluded from the study. Patients who
continue to exhibit symptoms of dry eye during the initial 30 days will
be qualified for enrollment in the treatment phase of the study.
Qualified patients will then be randomized to either OTX-DP or a placebo
vehicle plug. Primary efficacy measures will include corneal and
conjunctival staining, tear osmolarity, tear film break-up time,
presence of the plug, ease of product use and visualization, and
resorption of the plug following therapy.
“This Phase 2 exploratory study is designed to assist us in identifying
the subgroup of patients that may benefit from a low-dose, Sustained
Release Dexamethasone therapy for treatment of inflammatory dry eye
disease, allowing us to refine clinical trials for this indication in
the future,” stated Amar Sawhney, Ph.D., President and CEO of Ocular
Therapeutix, Inc. “Dry eye is one of the most common ophthalmic
disorders affecting approximately 20 million people in the United
States, and is expected to rise with an aging population. We look
forward to potentially expanding the use of our Sustained Release
Dexamethasone product candidate for this disorder.”
“Ocular Therapeutix’s Sustained Release Dexamethasone may offer more
consistent therapeutic medication levels than traditional treatments for
patients who suffer from dry eye disease, and, if successful, may reduce
the burden and potential toxicity of continuous repeated drop
applications,” stated John Sheppard, M.D., of Virginia Eye Consultants
in Norfolk, VA, and a Principal Investigator in the study.
About Dry Eye
Dry eye disease affects the ocular surface and is characterized by
dryness, inflammation, pain, discomfort, and irritation. Dry eye is a
complex, multifactorial disease which can present differently in
patients, and becomes more common with age. Due to the prevalence of the
disease, over one billion dollars is spent on treatment of the disease
each year in the United States alone (IMS Health, 2013). One cause of
the disease is inflammation of the ocular surface resulting from a
patient’s immune response. Although physicians may prescribe topical
steroid eye drops for the treatment of dry eye disease, chronic use of
topical steroids can lead to elevations in intraocular pressure, which
is a risk factor for glaucoma. Conversely, patients often do not
reliably self-administer these drops, which can lead to eye irritation
and continual, if not more, inflammation.
About Ocular Therapeutix’s Intracanalicular Plugs:
Ocular
Therapeutix is developing the company’s proprietary absorbable
polyethylene glycol hydrogel intracanalicular plug technology to release
drugs in a sustained fashion over a specified period of time depending
on the drug and its corresponding therapeutic need. At the end of
the treatment period, the plug is designed to absorb, and exit the
nasolacrimal system without need for removal by the physician. The plugs
contain a visualization agent for retention monitoring throughout the
treatment period.
About Ocular Therapeutix, Inc.:
Ocular
Therapeutix, Inc. is a biopharmaceutical company focused on the
development and commercialization of innovative therapies for diseases
and conditions of the eye using its proprietary hydrogel platform
technology. Ocular Therapeutix's lead product candidates are in
Phase 3 clinical development for post-surgical ocular inflammation and
pain, and Phase 2 clinical development for glaucoma, allergic
conjunctivitis, and dry eye disease. The Company is also evaluating
sustained-release injectable anti-VEGF drug depots for back-of-the-eye
diseases. Ocular Therapeutix's first product, ReSure®
Sealant, is FDA-approved to seal corneal incisions following cataract
surgery.
Forward-Looking Statements:
Any statements in this
press release about future expectations, plans and prospects for Ocular
Therapeutix, including statements about the development of the company’s
product candidates, such as the timing and conduct of the company’s
Phase 2 clinical program of Sustained Release Dexamethasone for the
treatment of dry eye disease , the potential utility and convenience of
Sustained Release Dexamethasone, the advancement of other product
candidates in the company's pipeline and other statements containing the
words "anticipate," "believe," "estimate," "expect," "intend", "goal,"
"may", "might," "plan," "predict," "project," "target," "potential,"
"will," "would," "could," "should," "continue," and similar expressions,
constitute forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements as a
result of various important factors. Such forward-looking statements
involve substantial risks and uncertainties that could cause the
company’s clinical development programs, future results, performance or
achievements to differ significantly from those expressed or implied by
the forward-looking statements. Such risks and uncertainties include,
among others, those related to the timing and costs involved in
commercializing ReSure® Sealant, the initiation
and conduct of clinical trials, availability of data from clinical
trials and expectations for regulatory approvals, the company’s
scientific approach and general development progress, the availability
or commercial potential of the company’s product candidates, the
sufficiency of cash resources and need for additional financing and
other factors discussed in the “Risk Factors” section contained in the
company’s most recent Quarterly Report on Form 10-Q on file with the
Securities and Exchange Commission. In addition, the forward-looking
statements included in this press release represent the company’s views
as of the date of this release. The company anticipates that subsequent
events and developments will cause its views to change. However, while
the company may elect to update these forward-looking statements at some
point in the future, the company specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as
representing the company’s views as of any date subsequent to the date
of this release.
Source: Ocular Therapeutix, Inc.
Investors:
Ocular Therapeutix, Inc.
Brad Smith
Chief
Financial Officer
bsmith@ocutx.com
or
Burns
McClellan on behalf of Ocular Therapeutix
Kimberly Minarovich,
212-213-0006
kminarovich@burnsmc.com
or
Media:
Scott
Corning
Vice President of Sales and Marketing
scorning@ocutx.com