BioTime Receives $2 Million to Develop OpRegen for Dry AMD

September 1, 2017: By Jon Swedien

BioTimeBioTime has received a grant from the Israel Innovation Authority for up to 7.2 million Israeli new shekels ($2 million, conversion Sept. 1, 2017) for development of OpRegen for dry age-related macular degeneration.

OpRegen consists of a suspension of retinal pigment epithelial (RPE) cells delivered subretinally during an intraocular injection. The drug candidate is currently in a Phase I/IIa dose-optimization clinical study, BioTime said.

OpRegen has been granted fast track designation from the US FDA, which allows more frequent interactions with the agency and eligibility for accelerated approval and priority review.

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