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Dr. Dugel is currently the President of Iveric Bio.
It sees a strong contender in an Iveric Bio drug candidate for a common vision loss disorder, and the Japanese pharmaceutical company has agreed to acquire the biotech in a that comes ahead of an expected FDA decision on the therapy.
Iveric intends to pursue collaborations to commercialize ACP outside of the United States.
Japan’s Astellas Pharma said Monday that it has agreed to buy U.S. drugmaker Iveric Bio for about $5.9 billion in its biggest acquisition, giving it access to a range of ophthalmology treatments.
Source: https://www.japantimes.co.jp/news/2023/05/01/business/astellas-iveric-bio-acquisition/