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Subsequent Events
9 Months Ended
Sep. 30, 2023
Subsequent Events  
Subsequent Events

Note 14. Subsequent Events

On October 16, 2023, the Company entered into an Exclusive License Agreement (Stuart License Agreement) with Stuart Therapeutics, Inc. (Stuart), pursuant to which Stuart granted the Company an exclusive, worldwide license to develop and commercialize products incorporating certain of its owned or controlled technologies, including its ST-113 drug compound, that may be utilized to provide neuroprotection in glaucoma. Pursuant to the terms of the Stuart License Agreement, the Company made a one-time upfront payment of $2.0 million to Stuart, and may have ongoing milestone and royalty payment obligations depending on the success of the development, regulatory approval and commercialization of the proprietary technologies.