Burns & Levinson Represents iVeena Delivery Systems, Inc. in Strategic Licensing Agreement with Glaukos Corporation

Released: Aug. 29, 2022 at 2:55 PM CDT

BOSTON, Aug. 29, 2022 /PRNewswire/ — – Burns & Levinson is pleased to announce that it represented iVeena Supply Systems, Inc. (iVeena), a medical phase biopharmaceutical enterprise with developmental products and solutions in keratoconus and pediatric myopia, in a strategic licensing settlement with Glaukos Company (NYSE: GKOS). On August 24, iVeena introduced that it has accredited its guide asset, IVMED-80, an Orphan Drug Specified eye drop for keratoconus to Glaukos. The arrangement grants Glaukos an exclusive world license to create and commercialize IVMED-80. As aspect of the settlement, Glaukos paid out $10 million upfront and will assume all expenses linked with the advancement and regulatory functions on IVMED-80. In addition, offer phrases consist of the potential for both equally enhancement and income milestone payments as nicely as royalties on product sales to iVeena.

The Burns & Levinson mental home team was led by Partner Bruce Jobse, who presented tips and counsel during the drafting and negotiations of the license settlement with Glaukos.

iVeena Shipping and delivery Methods, Inc. is a privately held, medical stage ophthalmology company establishing illness-modifying pharmacologic improvements for refractive illnesses. iVeena is also creating IVMED-85, a to start with in course, investigational eyedrop formulation for pediatric myopia where by it options to initiate a 1st in human clinical demo early 2023.

At Burns & Levinson, we present substantial-level, shopper-centric and effects-oriented lawful services to our regional, national and intercontinental clientele. We are a whole-assistance regulation firm with 125 legal professionals in Boston, Providence and London. Our places of know-how include: organization/finance, organization litigation, divorce/family members legislation, enterprise money/emerging corporations, employment, estate scheduling, federal government investigations, intellectual assets, M&A/personal fairness, probate/rely on litigation, and true estate. We lover with our shoppers to clear up their business enterprise and individual lawful difficulties in a collaborative, inventive and cost-successful way. For extra details, go to Burns & Levinson at www.burnslev.com.

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