Financial HealthThe agreement with Kowa reduces Nicox's debt by using 70% of the upfront payment, improving the company's financial health.
Financial PerformanceThe licensing agreement provides Nicox with an upfront payment of €7.5M and potential development and sales milestones of up to €191.5M, depending on the Denali trial outcome.
Market OpportunitiesThe Denali trial results could lead to NDA submissions in the U.S. and China, opening up opportunities in a large glaucoma market.