A decades-old glau­co­ma drug tossed aside by Pfiz­er gets a new life at a small biotech

Months ago, Pfiz­er made a grim an­nounce­ment that it would stop man­u­fac­tur­ing phos­pho­line io­dide, its decades-old “mir­a­cle drug” for a rare form of glau­co­ma. The phar­ma said its in­ven­to­ry would run dry by May 2021, leav­ing some pa­tients with few op­tions short of surgery.

But af­ter snag­ging the rights and the rest of Pfiz­er’s sup­ply, a small New York biotech is look­ing to give phos­pho­line io­dide new life.

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Senior Associate

Alexandria Real Estate Equities

Durham, NC, USA