Skyview Ventures Makes Significant Investment in Silk Technologies, Ltd.

SILKTECH’s SDP-4 represents an exciting and potentially disruptive treatment approach to several, common ocular surface disorders, including dry eye.

Skyview Ventures, LLC, a wholly-owned subsidiary of global private equity firm Skyview Capital, LLC is pleased to announce its Series A investment in Silk Technologies, Ltd (“SILKTECH”). This highly innovative biotech company has patented technology that uses silk protein to develop biological drugs designed to treat eye disease. Their lead drug candidate, SDP-4, has a dual mode of action. Pre-clinical findings have demonstrated that SDP-4 has potent anti-inflammatory activity that target known causes of Dry Eye Disease. In addition, SDP-4 significantly improves the wetting properties of ophthalmic formulations, which is essential for enhancing comfort during use. More notably, this inherent, enhanced wetting property of SDP-4 is achieved without increased viscosity, which can blur vision.

Skyview Ventures has committed $11.2 Million to support development of SDP-4 through Phase-2 proof of concept studies.

Dry Eye Disease is a multi-billion dollar market estimated to effect hundreds of millions of people worldwide, with at least 30+ million of those people in the United States. Dry eye is a disease of the tears and ocular surface that results in discomfort, visual disturbance, and tear film instability and which often limits vision. Inflammation is known to be a major causal contributor. Typical discomfort symptoms associated with dry eye include burning, stinging, grittiness, foreign body sensation, tearing, ocular fatigue, pain and of course, dryness. Although several current Dry Eye therapies exist, the market continues to demand a more robust and effective form of…

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