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		<meta data-vue-meta="ssr" property="og:title" content="Iolyx Licenses Autoimmune Dry Eye Candidate to Théa in Deal Worth Up to $280 Million | Market Scope" data-vmid="og:title"><meta data-vue-meta="ssr" property="og:description" content="Iolyx Therapeutics announced Dec. 3 that it had granted rights worldwide, excluding Asia, to France’s Laboratoires Théa to develop and commercialize ILYX-002, an immune-modulating eye drop candidate, for the treatment of ocular surface diseases. Iolyx, of Burlingame, California, will receive up to $280 million, including clinical, regulatory, and commercial conditional milestone payments; tiered royalties of up to 21 percent on net sales; and reimbursement of ILYX-002 research and development..." data-vmid="og:description"><meta data-vue-meta="ssr" property="og:url" content="//www.market-scope.com/pages/news/8819/iolyx-licenses-autoimmune-dry-eye-candidate-to-thea-in-deal-worth-up-to-280-million" data-vmid="og:url"><meta data-vue-meta="ssr" property="og:type" content="article" data-vmid="og:type"><meta data-vue-meta="ssr" property="article:published_time" content="2025-12-05T00:00:00.000Z" data-vmid="article:published_time"><meta data-vue-meta="ssr" name="image" property="og:image" content="https://www.market-scope.com/files/uploads/images/2025/12/Iolyx%20and%20Thea%20logos.png" data-vmid="og:image"><meta data-vue-meta="ssr" name="author" content="Jennie Crabbe" data-vmid="author"><meta data-vue-meta="ssr" name="description" content="Iolyx Therapeutics announced Dec. 3 that it had granted rights worldwide, excluding Asia, to France’s Laboratoires Théa to develop and commercialize ILYX-002..." data-vmid="description">
		<title>Iolyx Licenses Autoimmune Dry Eye Candidate to Théa in Deal Worth Up to $280 Million | Market Scope</title>
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All Rights reserved.</p></footer></div> <!----> <!----> <!----></div> <div id="invisible-recaptcha" data-sitekey="6LcfrXEUAAAAAL8oovQG9EMVvWYIrcgcHP2eWtjb" class="g-recaptcha g-recaptcha--left g-recaptcha--mobile-hidden g-recaptcha--desktop-hidden"></div> <!----></div><script>window.__INITIAL_STATE__={"companyNames":[],"articles":[],"article":{"id":8819,"position":566,"enabled":1,"draft":0,"author_uid":5164,"author_custom":"","title":"Iolyx Licenses Autoimmune Dry Eye Candidate to Théa in Deal Worth Up to $280 Million","slug_auto":"iolyx-licenses-autoimmune-dry-eye-candidate-to-thea-in-deal-worth-up-to-280-million","slug_override":null,"slug_history":null,"meta_title":null,"content":"\u003Chtml\u003E\u003Cbody\u003E\u003Cp style=\"text-align:center\"\u003E\u003Cimg alt=\"Iolyx Licenses Autoimmune Dry Eye Candidate to Th&eacute;a in Deal Worth Up to $280 Million\" height=\"266\" src=\"\u002Ffiles\u002Fuploads\u002Fimages\u002F2025\u002F12\u002FIolyx%20and%20Thea%20logos.png\" width=\"276\" class=\"img-thumbnail \"\u003E\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EIolyx Therapeutics announced Dec. 3 that it had granted rights worldwide, excluding Asia, to France&rsquo;s Laboratoires Th&eacute;a to develop and commercialize ILYX-002, an immune-modulating eye drop candidate, for the treatment of ocular surface diseases.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EIolyx, of Burlingame, California, will receive up to $280 million, including clinical, regulatory, and commercial conditional milestone payments; tiered royalties of up to 21 percent on net sales; and reimbursement of ILYX-002 research and development costs.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003ETh&eacute;a will assume primary responsibility for Phase III trials for ILYX-002, as well as for securing regional marketing authorizations, and will be responsible for sales, marketing, and market access.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EIn a Phase II trial in Australia, ILYX-002 administered twice-daily for eight weeks demonstrated a statistically significant clinical improvement in corneal staining starting at day 15 in patients with challenging autoimmune conditions.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EIolyx also announced that it had raised $15 million in Series B funding, led by Frazier Life Sciences, to further fund its pipeline. 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