Core Insights - Opus Genetics, Inc. has secured up to $2 million in non-dilutive funding from the Retinal Degeneration Fund to advance its OPGx-MERTK program aimed at treating retinitis pigmentosa caused by MERTK gene mutations [1][2] - The funding will support the preclinical development of OPGx-MERTK, which is expected to progress towards Investigational New Drug (IND) enabling studies [2] - Opus anticipates that this funding will extend its cash runway into the second half of 2026, ensuring operational continuity [3] Company Overview - Opus Genetics is a clinical-stage biopharmaceutical company focused on developing gene and small molecule therapies for inherited retinal diseases (IRDs) [5] - The company's pipeline includes AAV-based gene therapies targeting various IRDs, with its lead candidate OPGx-LCA5 currently in a Phase 1/2 trial [5] - Opus is also advancing therapies for diabetic retinopathy and presbyopia, showcasing a diverse approach to vision-threatening conditions [5] Program Details - The OPGx-MERTK program utilizes a modern AAV vector to target MERTK-associated IRD, which affects approximately 600 individuals in the U.S. [4] - The funding from the RD Fund highlights the collaboration between venture philanthropy and industry to accelerate the development of treatments for rare diseases [2]
Opus Genetics Awarded Non-Dilutive Funding from the RD Fund to Support Preclinical Development of OPGx-MERTK Program