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Opko Health acquires rights to ocular product

US-based Opko Health has acquired exclusive worldwide rights to a novel ocular product for use following invasive retinal procedures to prevent the development of endophthalmitis, a complication that can lead to blindness and loss of the affected eye. Terms of the agreement have not been disclosed.

The device was invented by two retinal surgeons who serve as clinical advisors to Opko.

Samuel Reich, executive vice president of ophthalmologics at Opko, said: “Experts are raising the alarm about a significant rise in cases of endophthalmitis, a devastating complication of invasive ocular procedures that can result in complete blindness and surgical removal of the infected eye. We believe this easy-to-use, elegant ocular product can reduce the incidence of endophthalmitis in the significant number of patients at risk annually.”

Experts believe that the incidence of endophthalmitis is growing as a result of the rising number of ocular surgeries being performed, the widespread adoption of sutureless surgical techniques and a significant increase in the number of intravitreal injections. There are no products currently available that are specifically designed and optimized for the prevention of endophthalmitis following retinal surgeries and intravitreal injections.