Ocugen IncOcugen signs binding term sheet to license OCU400 in MENA, with upfront and milestone payments up to $4M, sales milestones up to $255M, and 22% royalty.

Ocugen has signed a binding term sheet with Roots Pharmaceutical and its strategic partner Al-Dhow International Holding to license OCU400, its modifier gene therapy for retinitis pigmentosa, in the Middle East and North Africa region. Under the expected license agreement, Ocugen would receive upfront license fees and near-term development milestone payments totaling up to $4 million, plus sales milestone payments up to $255 million and a 22% royalty on net sales. Ocugen would also manufacture and supply OCU400 commercially. The definitive agreement is expected within 90 days, while Ocugen continues its Phase 3 liMeliGhT trial with topline data anticipated in the first quarter of 2027.
Ocugen IncOcugen signs binding term sheet to license OCU400 in MENA, with upfront and milestone payments up to $4M, sales milestones up to $255M, and 22% royalty.