Cambridge-based Altacor, a specialist ophthalmic products company, has welcomed an agreement with NicOx S.A. Under the terms of the agreement NicOx is investing £2 million in cash to acquire an initial 11.8% stake in Altacor with an option to acquire the remainder of the company for up to a further £17.5m which comprises £9m upfront and £8.5m in deferred milestones.
Altacor was established in 2007 by Dr Fran Crawford and Mr David Alcraft to develop and market a range of high quality treatments for ocular conditions such as glaucoma, eye infection and dry eye. It has products, pipeline and relationships in place and will advance this significantly following the agreement with NicOx.
Dr Fran Crawford, CEO of Altacor, said: “Altacor and NicOx have developed a strong working relationship. The companies are strategically well aligned, both having similar perspectives on the emerging ophthalmology market.
“We therefore believe NicOx is an excellent partner for Altacor and the investment announced today will enable us to secure the development of the portfolio. NicOx’s R&D and partnering expertise will be of significant benefit as we progress our late-stage pipeline.”
Altacor will be attending the North of England Ophthalmological Society (NEOS) meeting, Bradford on the 20th March. The theme is vitreoretinal and the PJ Hay Lecture will be given by Mr Tom Williamson, consultant Ophthalmologist at St Thomas’ Hospital London.
It looks a varied and interesting range of presentations and we look forward to seeing you there.
If you are unable to attend the event and would like to gain more information about our prescription range of Clinitas treatments for dry eye please contact: David Harris, our Altacor representative on 01223 421411
Comedian Tim Vine won joke of the year award at the annual Lafta awards this month, but those of us who think that having sore eyes is a far from a laughing matter might appreciate some of his older jokes.
Mr Vine, who is the brother of BBC Radio 2 presenter Jeremy, has won the award for the best joke at the Edinburgh Fringe in 2010 with the line: “I’ve just been on a once-in-a-lifetime holiday. I’ll tell you what, never again.”
And he was also runner-up in for the Edinburgh joke of the year last year with the line:
“Crime in multi-storey car parks. That is wrong on so many different levels.”
If you want relief from sore eyes try some Clinitas soothe but to find out more about the Lafta awards see.
People with diabetes are more prone to dry eyes. If your eyes feel tired, sore or gritty or sandy, you may have ‘dry eyes’, or ‘blepharitis’, or both.
The eyelids have tiny glands in them, especially the lower lids. These glands make substances that mix with tears, and help the tears to spread across the eye. This thin layer of tears lubricates the eyes, stops them drying out, and keeps them comfortable. However, as you get older, and particularly if you have dry skin, these glands can block. As a result the glands do not make the chemicals that enables the tears to spread evenly across the front of the eye. The tears break up and dry patches develop on the surface of the eye which makes them feel sore.
When Graham Colbourne retired he was determined not to let a chronic dry-eye condition get in the way of doing more of the things he enjoyed. With a zest to live life to the full, he particularly wanted to spend more time developing his love of painting at his home in Dudley.
However, in recent years Graham’s suffering had become markedly worse. He takes up the story: “I have had severe dry-eye for 20 years and am under the care of the eye surgeon at the local hospital.
Aged 11, I lost an eye in a golfing accident and strangely the dryness in the socket around my prosthetic eye is worse than the pain I experience in my normal eye”.
Ceri Myles has joined the team to help drive awareness of its Clinitas dry-eye treatment products with Hospital Consultants and Primary Care Trusts in the South East.
Ceri was previously at Wyeth where she was a Clinical Meetings Manager in Transplantation, Haemophilia and Anti Infectives.
She says that Clinitas is popular with consultants:
“Clinicians are keen to use the product and I am working to gain formulary inclusion within the hospitals. Altacor has exciting products in the pipeline and I am looking forward to being part of its success.”
Cambridge News journalist Mike Scialom had suffered for years from dry eye brought on, in part, by air conditioning and too much time at the computer screen. This gave him a special interest in talking to Gareth Thomas, Sales and Marketing Manager of Altacor about the science behind Clinitas and he was keen to test it out.
Clinitas Hydrate®, a high-performance liquid gel drop is set to hit UK stores with new packaging and a promise to bring rapid long-lasting relief from the discomfort of irritable dry eyes by boosting the tear film to keep eyes moist.
Formulated for everyday use, the liquid gel spreads rapidly on contact to quickly coat the whole eye surface, giving fast relief from symptoms. Safe, non-toxic and easy to apply, it is particularly effective for use overnight or first thing in the morning. Usually one drop is applied three to five times a day into the eye.