Balance Sheet And Cash RunwayAll secured debt was repaid and new unsecured bond financing extended cash runway while releasing security guarantees over assets, improving financial flexibility for ongoing programs.
Clinical EfficacyNCX 470 met primary efficacy endpoints in a second large Phase 3 glaucoma trial and demonstrated faster onset and stronger intraocular pressure reduction versus the standard of care, supporting approval prospects and potential market acceptance.
Partnership Financing And Milestone PotentialPartner Kowa is funding late-stage development, has triggered an initial milestone payment, and leaves the company eligible for additional milestone payments and royalties, reducing the development funding burden.