InSite, Nicox enter licensing agreement for AzaSite, AzaSite Xtra and BromSite

InSite Vision and Nicox have entered into a licensing agreement for the development and commercialization of InSite’s AzaSite, AzaSite Xtra and BromSite, according to a press release.Under the agreement, Nicox is granted exclusive rights to commercialize the products in Europe, the Middle East and Africa. InSite will receive an upfront payment of $3 million and potentially $13.75 million in milestone payments, the release said.