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Opus Genetics

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Introduction

Ocuphire Pharma, Inc. engages in the research and development of ophthalmic biopharmaceutical products. It focuses on developing and commercializing therapies for the treatment of several eye disorders. The company was founded by Mina Patel Soouch and Alan R. Meyer in February 2018 and is headquartered in Farmington Hills, MI.

Tango Therapeutics' TNG462 Receives Orphan Drug Status for Pancreatic Cancer as Company Advances PRMT5 Inhibitor Programs

• Tango Therapeutics' lead candidate TNG462 has been granted Orphan Drug Designation by the FDA for pancreatic cancer treatment, providing seven years of market exclusivity upon approval. • The company's second PRMT5 inhibitor, TNG456, received FDA clearance for its IND application and will begin Phase 1/2 trials in early 2025, including a collaboration with Eli Lilly combining it with Verzenio. • Key clinical data for TNG462 monotherapy focusing on pancreatic and lung cancers is expected later in 2025, with plans to initiate a registrational study in pancreatic cancer by 2026.

FDA Grants Fast Track Status to Opus Genetics' Eye Drop Treatment for Night Vision Impairment

• Opus Genetics receives FDA Fast Track designation for Phentolamine Ophthalmic Solution 0.75% to treat night driving impairment in post-keratorefractive surgery patients. • The company completes enrollment in VEGA-3 Phase 3 trial evaluating the same solution for presbyopia, with 545 participants across 39 U.S. sites. • LYNX-2 Phase 3 trial for post-surgical night vision impairment is 95% enrolled, with completion expected in first half of 2025.

Opus Genetics Advances LCA5 Gene Therapy Program with First Pediatric Patient Dosing and Promising Adult Data

• Opus Genetics has dosed the first pediatric patient in their Phase 1/2 trial of OPGx-LCA5 gene therapy for Leber congenital amaurosis, with initial data expected by Q3 2025. • New 12-month data from the first three adult patients treated with OPGx-LCA5 confirms durability of positive responses observed at 6 months, with results to be presented at a medical conference in Q2 2025. • The company has scheduled an FDA meeting in March 2025 to discuss Phase 3 trial design and registrational endpoints, marking a significant step toward potential therapeutic advancement.

Ashvattha Therapeutics' Migaldendranib Shows Promise in Reducing Treatment Burden for Wet AMD and DME

• Ashvattha Therapeutics announced positive Phase 2 data for Migaldendranib (MGB), a subcutaneous nanomedicine, in treating wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME). • The study showed a significant reduction in the need for anti-VEGF intravitreal injections in patients treated with MGB, with a 69% and 76.5% reduction observed in wet AMD and DME, respectively. • MGB demonstrated maintenance of visual acuity and reduction of central subfield thickness, suggesting potential for convenient at-home treatment and reduced clinic visits for patients. • Ashvattha Therapeutics also secured $50 million in funding to advance the Phase 2 ophthalmology trial and Phase 1/2 neuroinflammation trial.

Opus Genetics Gains FDA Agreement for Phase 3 Trial of APX3330 in Diabetic Retinopathy

• Opus Genetics has reached an agreement with the FDA under a Special Protocol Assessment (SPA) for a Phase 3 trial of oral APX3330. • The Phase 3 trial will assess APX3330's efficacy in treating moderate to severe non-proliferative diabetic retinopathy (NPDR). • The primary endpoint is a reduction in 3-step or greater worsening on the binocular diabetic retinopathy severity scale (DRSS) score. • APX3330, a first-in-class Ref-1 inhibitor, aims to slow DR progression, with Opus seeking a partner to fund further development.

LENZ Therapeutics' LNZ100 NDA Accepted by FDA for Presbyopia Treatment

• The FDA has accepted the New Drug Application (NDA) for LENZ Therapeutics' LNZ100, a potential treatment for presbyopia. • The NDA is supported by Phase 3 CLARITY study data, which demonstrated significant near vision improvement in participants. • Participants in the CLARITY study achieved at least a 3-line improvement in Best Corrected Distance Visual Acuity at near without losing distance visual acuity.

Ocuphire Pharma Acquires Opus Genetics, Expanding Gene Therapy Pipeline for Inherited Retinal Diseases

• Ocuphire Pharma has acquired Opus Genetics in an all-stock transaction, with the combined company renamed Opus Genetics, Inc., focusing on inherited retinal diseases. • The acquisition expands the pipeline to include AAV-based gene therapies for IRDs and phentolamine ophthalmic solution for presbyopia, while seeking a partner for diabetic retinopathy program. • OPGx-LCA5, a gene therapy for LCA5, shows promising early Phase 1/2 data with visual improvements in patients, and pediatric enrollment is expected in early 2025. • The merger extends the company's cash runway into 2026, anticipating key clinical milestones, including data readouts from multiple Phase 1/2 and Phase 3 trials.

Positive Phase 3 Data and New Glaucoma Treatments Highlight Advancements in Ophthalmology

• A recent clinical trial achieved its primary visual acuity endpoints in both the US and EU/UK, demonstrating statistically significant near vision improvements over 8 hours. • Long-term analysis of a glaucoma treatment shows clinically and statistically significant reductions in intraocular pressure up to 36 months postoperatively. • Oxular initiated a Phase 2 trial in October 2024 for OXU-001, a therapeutic candidate targeting diabetic macular edema.
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