Drug DevelopmentOV329 is a second-gen GABA-AT inhibitor with greater potency and potentially improved safety, including the lack of retinal toxicity compared with the first-gen GABA-AT inhibitor.
Financial StrengthOvid's capital was strengthened by an October private placement, which generated $81 M in upfront funding and potential for up to $94 M in additional proceeds contingent on warrant exercise.
Market OpportunityThe epilepsy market is favorable as the FDA wants to approve new drugs, payer pushback is relatively low, and physicians are open to trying new therapies.