Ocular Therapeutix reports $39.7 million net loss in 2015

Ocular Therapeutix reported a net loss of $39.7 million, or $1.71 per share, in 2015 compared with $28.7 million, or $2.69 per share, in 2014, according to a press release. Research and development expenses were reported at $26.6 million in 2015 compared with $18.9 million in 2014. The increase was attributed to personnel costs and clinical trials of Dextenza (sustained-release dexamethasone) and OTX-TP (sustained-release travoprost) product candidates, as well as preclinical development of the company’s anti-VEGF and tyrosine kinase inhibitor programs for the treatment of wet AMD and other back of the eye diseases, the release said.

Quantel receives €3 million tender to deliver ophthalmic laser equipment in India

Quantel Medical has been awarded a €3 million competitive tender to supply ophthalmic laser equipment to military hospitals across India, according to a company press release. Under the terms of the agreement signed by the Directorate General of Armed Forces Medical Services of the Indian Ministry of Defense, Quantel will provide sixty-one 532-nm Supra with Suprascan photocoagulation lasers for use in 53 military hospitals across India.