Singapore, Aug. 19 -- Paris-based Nicox SA, an international ophthalmology company, has announced the signing of a major new agreement concerning NCX 470 with Kowa Company, a Japanese company with a global pharmaceutical business engaged in ground-breaking research, development and marketing.

The agreement, worth up to €191.5 million, grants Kowa exclusive rights to develop and commercialise NCX 470, Nicox's nitric oxide (NO)-donating bimatoprost eye drop, for the lowering of intraocular pressure (IOP) in patients with glaucoma or ocular hypertension in the US and all other territories of the world excluding Japan, China, Korea and Southeast Asia.

Kowaalreadyhas a license to NCX 470 for Japan, where it is preparing to enter a Phas...