Columbia Laboratories Inc. said Wednesday that it has reachedan agreement to share technology with Insite Vision Inc.
Columbia (AMEX:COB) of Hollywood, Fla., obtained exclusiveworldwide rights to market veterinary ophthalmic productsusing Insite's sustained-release gel technology. Columbia alsoobtained the right to market in all parts of the world exceptNorth America and parts of Asia ophthalmic over-the-counterdrugs using Insite's technology.
In exchange, Alameda, Calif.-based Insite obtained exclusiveworldwide rights to market prescription ophthalmic productsusing Columbia's bioadhesive technology. In addition, privatelyheld Insite obtained the right to market in North America andportions of Asia ophthalmic over-the-counter drugsincorporating Columbia's technology.
The deal doesn't include any cash or royalties, said HelenWitters, Columbia vice president. -- KB
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