Visara Expands Ophthalmology Pipeline with Exclusive License for Investigational Nerve Growth Factor Therapy for Neurotrophic Keratitis
The license adds a second clinical-stage program to Visara, with an upfront payment, potential milestones and royalties owed to Hiteck.
Sentiment and the balance of points
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Rhea-AI Summary
NovaBridge Biosciences (NBP) subsidiary Visara entered an exclusive license agreement with Wuhan Hiteck Biological Pharma to develop and commercialize VIS-102.
The rights cover the world excluding Greater China. VIS-102, an investigational nerve growth factor therapy for neurotrophic keratitis, becomes Visara's second clinical-stage program, extending its pipeline beyond retinal disease. Hiteck will receive an upfront payment, potential milestone payments and tiered royalties on net sales.
In Chinese subjects with severe disease, the Phase 1b highest-dose cohort achieved 50% complete corneal healing after eight weeks; vehicle controls achieved 14% at Week 4. After switching to active treatment, controls achieved 43% healing following four weeks of VIS-102. Treatment-related ocular adverse events were mild, with no related withdrawals or discontinuations. An expansion phase will evaluate eight-week regimens given six or three times daily.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointThe exclusive VIS-102 license adds Visara's second clinical-stage program and expands its pipeline into ocular surface disease.
- Minor pointPhase 1b highest-dose subjects achieved 50% complete corneal healing after eight weeks; vehicle controls achieved 14% at Week 4.
- Minor pointVehicle controls switching to VIS-102 achieved 43% complete corneal healing after four weeks of active treatment.
- Minor pointRelated adverse events caused no study withdrawals or discontinuations.
- Minor point. Forward-looking: it has not happened yet and may not happen.The study will expand to evaluate six-times-daily and three-times-daily eight-week regimens at the highest dose.
Negative
- Moderate pointVisara owes Hiteck an upfront payment under the license agreement.
- Minor pointLicense rights exclude Greater China, limiting Visara's licensed territory.
- Minor point. Forward-looking: it has not happened yet and may not happen.Hiteck is entitled to potential development, regulatory and commercial milestones and tiered royalties on net sales.
- Minor pointTreatment-related ocular adverse events occurred in Phase 1b; all were mild.
Details
Market move: NBP +3.03% vs previous close. VIS-102 exclusive license
On Oct 13, the day this news came out, the latest delayed price for NBP is 3.03% above the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $1.36. Relative volume is exceptionally heavy at 5.5x the average.
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Key Figures
- Complete corneal healing
- 50%
- VIS-102 highest-dose cohort; after a single 8-week course
- Complete corneal healing
- 14%
- Vehicle control group at Week 4
- Complete corneal healing after crossover
- 43%
- Vehicle participants after a 4-week VIS-102 course from Week 4 to Week 8
- Planned expansion regimens
- 6 times daily and 3 times daily; 8-week regimens
- Expansion phase evaluating the highest dose in Chinese patients with NK
Key Terms
neurotrophic keratitis medical
phase 1b medical
tiered royalties financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Visara secures exclusive worldwide rights, excluding Greater China, from Wuhan Hiteck Biological Pharma to develop and commercialize HT006.2.2
Visara plans to develop HT006.2.2 as VIS-102, its second clinical-stage program, expanding the Company's ophthalmology portfolio beyond retinal vascular disease into ocular surface disease
HT006.2.2 is designed to offer a more convenient treatment option for patients with neurotrophic keratitis
ROCKVILLE, Md., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Visara, Inc. (“Visara” or the “Company”), a majority-owned ophthalmology subsidiary of NovaBridge Biosciences (“NovaBridge”) (NASDAQ: NBP), today announced that it has entered into an exclusive license agreement (the “License Agreement”) with Wuhan Hiteck Biological Pharma Co., Ltd. (“Hiteck”) for the development and commercialization of VIS-102 (HT006.2.2), an investigational next-generation modified recombinant human nerve growth factor (rhNGF) therapy designed to restore corneal health in patients with neurotrophic keratitis (NK).
In NK, damage to the corneal nerves impairs the eye's ability to heal. This can lead to persistent epithelial defects, corneal ulceration and permanent vision loss. VIS-102 is designed to restore corneal health with a more convenient treatment option for patients. In addition to formulation optimization, it incorporates targeted modifications to the NGF amino acid sequence intended to improve resistance to enzymatic degradation and maintain stability under refrigeration. These changes allow VIS-102 to potentially be supplied in ready-to-use, single-dose units. This design may reduce the storage, shipping, handling and administration burden associated with current treatments for NK.
“Patients with neurotrophic keratitis face a serious, sight-threatening disease, and the practical demands of treatment can place a significant burden on patients and their caregivers,” said Jeffrey Nau, Ph.D., M.M.S., President and Chief Executive Officer of Visara. “VIS-102 was designed to address that directly. We believe its molecular architecture and refrigerated, ready-to-use format could simplify care for patients and providers. VIS-102 is a compelling addition to our pipeline as we build a company addressing unmet needs across the front and back of the eye.”
“The expansion of Visara’s pipeline illustrates how we are applying the NovaBridge model to build focused franchises around differentiated innovation,” said Srishti Gupta, M.D., M.P.P., Chief Executive Officer of NovaBridge. “With VIS-102, Visara expands beyond retinal disease into a second area of significant unmet need. We believe this is an important step in building Visara into a broader ophthalmology company and demonstrates the repeatability of the NovaBridge approach to creating long-term value.”
The program has demonstrated encouraging early clinical activity to date, further supporting Visara's decision to expand into NK through the in-licensing of VIS-102. Phase 1b data in a population of Chinese subjects with severe NK showed that in the highest dose cohort of VIS-102, after a single 8-week course, subjects achieved
The License Agreement expands Visara’s pipeline beyond its tetravalent VEGF-A × ANG-2 peptibody (VIS-101) being developed for neovascular retinal diseases and represents an important step in its evolution into a diversified ophthalmology company. VIS-102 complements Visara’s existing focus on retinal vascular diseases by extending its portfolio into neuroprotection and the treatment of rare ocular surface disease.
Under the terms of the License Agreement, Visara will receive exclusive rights to develop and commercialize VIS-102 worldwide excluding Greater China. Hiteck will receive an up-front payment as well as potential development, regulatory and commercial milestone payments and tiered royalties on net sales.
About VIS-102
VIS-102 is an investigational, next-generation modified recombinant human nerve growth factor therapy being developed for the treatment of neurotrophic keratitis. VIS-102 incorporates modifications to the human nerve growth factor amino acid sequence intended to increase resistance to enzymatic degradation and support stability at refrigerated temperatures. It is designed to be supplied in ready-to-use, single-dose units, potentially simplifying storage, distribution and patient administration.
About Neurotrophic Keratitis
Neurotrophic keratitis is a rare, degenerative disease caused by impaired sensory innervation of the cornea. The resulting loss of corneal sensation and neurotrophic support can impair healing and lead to persistent epithelial defects, corneal ulceration, stromal melting, perforation and permanent vision loss.
About Visara
Visara is a clinical stage biotechnology company dedicated to developing next-generation biologic therapies for ophthalmic diseases affecting both the front and back of the eye. From the cornea to the retina, Visara pursues the full spectrum of ocular disease as vision is irreplaceable, and the unmet need is profound. Visara is a majority-owned ophthalmology subsidiary of NovaBridge Biosciences (NASDAQ: NBP). Its pipeline includes VIS-101, a tetravalent VEGF-A × ANG-2 peptibody being developed for neovascular retinal diseases, and VIS-102, a next-generation modified recombinant human nerve growth factor therapy being developed for neurotrophic keratitis.
About NovaBridge Biosciences
NovaBridge Biosciences ("NovaBridge") (NASDAQ: NBP) is a global biotechnology company advancing a portfolio of therapeutic programs in oncology and ophthalmology. The Company identifies differentiated therapeutic opportunities, generates value-defining clinical evidence, and applies the development, financing and partnering strategy best suited to each program.
NovaBridge's portfolio is led by givastomig, a Claudin 18.2 × 4-1BB bispecific antibody being developed for the potential treatment of gastrointestinal malignancies, and Visara, its majority-owned ophthalmology subsidiary. Through Visara, NovaBridge is building a diversified ophthalmology franchise designed to address unmet needs across diseases of the front and back of the eye.
NovaBridge's objective is to build a sustainable biotechnology company by repeatedly identifying differentiated innovation, advancing it efficiently, and bringing novel therapies to patients through the path best suited to each opportunity.
For more information, please visit www.novabridge.com and follow us on LinkedIn.
Forward Looking Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “believes,” “designed to,” “anticipates,” “future,” “intends,” “plans,” “potential,” “estimates,” “confident,” and similar terms or the negative thereof. NovaBridge and Visara may also make written or oral forward-looking statements in NovaBridge’s periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NovaBridge’s beliefs and expectations, are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding: the anticipated achievement of development, regulatory and commercial milestones under the License Agreement; expected milestone and royalty payments under the License Agreement; the potential benefits of Visara’s product candidates, including VIS-102; and the strategy, clinical development, plans, timing, results, safety and efficacy of Visara’s drug candidates, including VIS-102. Forward-looking statements involve inherent risks and uncertainties that may cause actual results to differ materially from those contained in these forward-looking statements, including but not limited to the following: NovaBridge’s or Visara’s ability to demonstrate the safety and efficacy of their drug candidates; the clinical results for their drug candidates, which may or may not support further development or New Drug Application/Biologics License Application approval or eligibility for accelerated approval pathway or receipt of accelerated approval; the content and timing of decisions made by the relevant regulatory authorities, including the FDA, regarding regulatory approval of NovaBridge’s or Visara’s drug candidates; NovaBridge’s or Visara’s ability to achieve commercial success for their drug candidates, if approved; NovaBridge’s or Visara’s ability to obtain and maintain protection of intellectual property for their technology and drugs; NovaBridge’s or Visara’s reliance on third parties to conduct drug development, manufacturing and other services; NovaBridge’s or Visara’s limited operating history and their ability to obtain additional funding for operations and to complete the development and commercialization of their drug candidates; the impact of macroeconomic conditions, including inflation, tariffs, volatile interest rates, regulatory uncertainty, potential government shutdowns, volatility in the capital markets, and regional and other global events, including ongoing armed conflicts in different regions of the world; and those risks more fully discussed in the “Risk Factors” section in NovaBridge’s annual report on Form 20-F filed with the SEC on April 7, 2026, and amended on June 16, 2026, as well as the discussions of potential risks, uncertainties, and other important factors in NovaBridge’s subsequent filings with the SEC. All forward-looking statements are based on information currently available to NovaBridge. NovaBridge undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by law.
NovaBridge Investor & Media Contacts
Investors:
Bill Begien, SVP, Investor Relations
+1-240-745-6330
bill.begien@novabridge.com
IR@novabridge.com
Media Inquiries:
Eric Van Zanten, VP, Communications
+1-610-529-6219
eric.vanzanten@novabridge.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What rights does NovaBridge subsidiary Visara receive under the VIS-102 license?
Visara receives exclusive development and commercialization rights worldwide excluding Greater China from Wuhan Hiteck Biological Pharma. The agreement provides Hiteck an upfront payment, potential development, regulatory and commercial milestone payments, and tiered royalties on net sales.
What did Visara's VIS-102 Phase 1b study show for neurotrophic keratitis?
The highest-dose cohort achieved 50% complete corneal healing after an eight-week course in Chinese subjects with severe neurotrophic keratitis. Vehicle controls achieved 14% at Week 4, then crossed to active treatment and achieved 43% after four weeks of VIS-102. These healing results reflect different treatment durations.