Novaliq GmbH, a drug delivery company with a focus on the topical application of ophthalmic technologies for poorly soluble drugs, today announced the successful CE mark approval for the first topical eye lubricant based on Novaliq’s proprietary technology EyeSol™.
“We are pleased to help Novaliq further its pioneering ocular drug delivery technology and strong management team.â€
NovaTearsâ„¢ OTC is a multi-dose, non-aqueous, non-blurring and preservative-free topical eye drop for lubrication of the ocular surface.
“We are pleased to receive CE mark approval for our first ophthalmic product designed to improve the quality of life for the dry eye OTC patient,†said Bernhard Guenther, CEO of Novaliq GmbH. “It offers a significant new product choice for the European consumer; innovative Novaliq technology that contains no preservatives, yet is available in conventional, multi-dose bottles. The absence of irritating surfactants and preservatives provides dry eye patients improved tolerability and convenience.â€
This is the first new product from Novaliq GmbH since the company raised €13.9 million ($18.1 million) in its 5th round of financing in April 2013, funding the ongoing development of its ophthalmic portfolio which includes CyclASol Rx, the first planned Novaliq prescription product, as well as additional OTC products.