Ocugen signs binding term sheet to license OCU400 gene therapy in Korea; up to $11M upfront & milestones

Ocugen, Inc.

Upfront license fees and near-term development milestones up to $11M.
Sales milestones of $1M per $15M net sales in Korea (or $150M+ in first 10 years).
Royalty of 25% on net sales; Ocugen to manufacture and supply OCU400.
Estimated 15,000 RP patients in Korea; definitive agreement expected within 60 days.
OCU400 in Phase 3 with target BLA filing mid-2026.

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