OliX Pharmaceuticals Announces IND Submission to FDA to Evaluate Safety and Tolerability of OLX10212 in Phase 1 Clinical Trial

OiX Pharmaceuticals announced the submission of an investigational new drug (IND) application to the FDA to evaluate the safety and tolerability of OLX10212 for the treatment of advanced age-related macular degeneration (AMD). The objective of this phase 1 study is to determine the safety and tolerability of OLX10212 in patients with advanced AMD at multiple sites in the US.

“Although RNA interference (RNAi) technology has achieved great success in the treatment of liver diseases, its application to extra-hepatic organs is still in its infancy,” Dong Ki Lee, PhD, Founder and Chief Executive Officer of OliX Pharmaceuticals, said in a company news release. “We at OliX are committed to bringing innovative and safe treatments to this severely ill patient population with advanced AMD. We are excited about this submission to the FDA because it presents as an important milestone not only for OliX but also for the entire field of RNAi therapeutics development as it is the first ophthalmic RNAi therapeutics entering the clinical stage since 2015.”

In September 2020, OliX entered a licensing agreement with Théa Open Innovation to transfer the worldwide rights (excluding Asia-Pacific) to eye disease treatment programs including OLX301A (program name of OLX10212).