other material
confidence high
sentiment positive
materiality 0.50
Opus Genetics partners with Global RDH12 Alliance for OPGx-RDH12; $1.6M funding
Opus Genetics, Inc.
- Agreement with RDH12 Fund for Sight and Eyes on the Future provides up to $1.6M for OPGx-RDH12 development.
- Partnership includes risk-sharing structure and performance-based milestones; IND filing targeted by late 2025.
- If milestones missed, Funding Parties can exercise a non-exclusive license; Opus retains right to negotiate exclusive license back.
- During term, Opus cannot grant exclusive U.S. license to a third party without Funding Parties' consent.
- Term ends upon dosing three patients in Phase 1a/2b or first commercial sale, or if exclusive global licensee assumes obligations.