With time to exit an increasingly important metric for VCs, jump-starting new companies via in-licensing remains an important and oft-used strategy. Such derisking is one of the defining principles behind ophthalmology focused start-ups like Lux Biosciences, Ophthotech and PanOptica. Imagen Biotech Inc., a new ophthalmic play still operating in stealth mode, is no different. It plans to pursue new leads for sight-threatening diseases, including dry age-related macular degeneration.
Also see "Imagen Biotech Inc." - Scrip, 1 October, 2011.