Novartis to co-promote Retisert in US

Published: 13-Feb-2006

Novartis Pharmaceutical Corporation is to co-promote pSivida's lead ophthalmic product Retisert in the US.


Novartis Pharmaceutical Corporation is to co-promote pSivida's lead ophthalmic product Retisert in the US.

Retisert, developed by pSivida and licensed to New York-based eye health company Bausch & Lomb, is the first intravitreal drug implant for the treatment of the sight threatening condition (chronic non-infectious posterior segment uveitis). This condition affects some 175,000 people in the US and an estimated 800,000 people worldwide.

pSivida receives a double digit royalty on sales of Retisert. This latest move will significantly increase the sales force for the new treatment, boosting the revenue outlook for pSivida.

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