InSite Vision Receives $15M in Royalties for Pink-Eye Treatment

InSite Vision has earned $15 million for future royalties of Besivance, its pink-eye antibacterial eye drop, according to a San Francisco Business Times report.

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Bess Royalty and SWK Funding are expected to pay an additional $1 million to InSite if Besivance sales goals are met by February 2014.

Besivance has been FDA approved since 2009 and is sold worldwide by Bausch + Lomb.

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