Lead Program · Pillar One

Ophthalmology

The lead pillar. Treyegen™ (OKG-0303) for acute infectious conjunctivitis, with HSV keratitis and CMV retinitis behind it.

Pipeline

Four ophthalmic candidates, all built on ranpirnase. Each pairs the same antiviral with the dosage form its indication calls for — drop, gel or intravitreal injection.
Candidate
Preclinical
Phase I
Phase II
Phase III
FDA Review
Marketed
Status
OKG-0303 (Treyegen™) Acute infectious conjunctivitisEye drop · Treyegen™
Through Phase II
Recruiting
OKG-0301Viral conjunctivitisEye drop · ranpirnase alone
Through Phase II
OKG-0302HSV keratitisOphthalmic gel / ointment
Preclinical
Orphan designation
OKG-0401CMV retinitisIntravitreal injection
Preclinical
Orphan / rare
Lead program Other candidates Rows are ordered most advanced first.

The Portfolio

One Molecule, Four Candidates

OKG-0303 (Treyegen™)

Lead
Phase 2

Acute infectious conjunctivitis

An eye drop combining ranpirnase, tobramycin and oxymetazoline. The main focus of the company, and it will continue to be.

OKG-0301

Phase 2

Viral conjunctivitis

Ranpirnase alone, previously studied in the RUBY trial. Additional data will be generated in EMERALD, where it serves as a comparison arm, with potential for commercial use in certain parts of the globe.

OKG-0302

Preclinical
Orphan Designation

HSV keratitis

An ophthalmic gel or ointment. Proof-of-concept data in rabbits shows ranpirnase works faster and reduced daily dosing versus standard of care. Reformulation into a gel or ointment could further reduce dosing.

OKG-0401

Preclinical
Rare Disease

CMV retinitis

An intravitreal injection for cytomegalovirus retinitis, affecting fewer than 20,000 patients globally, now driven primarily by transplant patients rather than HIV.

Acute Infectious Conjunctivitis

There are approximately 10 million cases of infectious conjunctivitis annually in the US.

Of the 10 million cases, approximately 60% are viral and 40% are bacterial.

Clinical differential diagnosis is extremely challenging as the signs and symptoms of disease are virtually indistinguishable — the rate of clinical accuracy in diagnosing viral versus bacterial conjunctivitis is less than 50%. Both etiologies result in moderate to severe inflammation of the conjunctiva, the mucous membrane that covers the front of the eye and lines the inside of the eyelids.

Corneal opacity occurs in 20-50% of viral conjunctivitis cases, and can lead to scarring or clouding of the cornea. Significantly, this may result in long-term visual impairment and premature/chronic dry eye.

Market & Unmet Need

A large, growing, underserved market

0

Approved treatments for viral conjunctivitis

Under 50%

Clinical accuracy in diagnosing viral versus bacterial conjunctivitis

~85%

Of patients are prescribed an antibiotic alone, irrespective of suspected etiology

$4.2B

Total conjunctivitis market annually, rising to $6.1B by 2031; the viral and bacterial portion is $2.5B

For infectious types, around 95% of first visits are coded simply as “conjunctivitis” or “acute conjunctivitis”, with no specification of adenoviral or bacterial etiology.

The Product

Treyegen™ — three mechanisms, one drop

Of the 10 million cases, approximately 60% are viral and 40% are bacterial.

Clinical differential diagnosis is extremely challenging as the signs and symptoms of disease are virtually indistinguishable — the rate of clinical accuracy in diagnosing viral versus bacterial conjunctivitis is less than 50%. Both etiologies result in moderate to severe inflammation of the conjunctiva, the mucous membrane that covers the front of the eye and lines the inside of the eyelids.

Corneal opacity occurs in 20-50% of viral conjunctivitis cases, and can lead to scarring or clouding of the cornea. Significantly, this may result in long-term visual impairment and premature/chronic dry eye.

Antiviral pressure

Ranpirnase

  • Ribonuclease that cleaves intracellular RNA substrates
  • Reduces available tRNA required for viral protein synthesis
  • Creates a translational bottleneck that can impair viral replication
  • Host-directed mechanism with a high theoretical barrier to resistance

Antibacterial coverage

Tobramycin

  • Aminoglycoside antibiotic active against common ocular pathogens
  • Inhibits bacterial protein synthesis through 30S ribosomal binding
  • Provides coverage for bacterial conjunctivitis and secondary infection

Ocular decongestion

Oxymetazoline

  • Adrenergic agonist that decongests the ocular surface
  • Decreases vascular congestion associated with ocular inflammation
  • Relieves the signs and symptoms of infectious conjunctivitis

Supporting Studies

Ranpirnase

Adenoviral replication study, rabbits

OKG-0303, ranpirnase 0.03% alone, and ranpirnase with oxymetazoline all produced significant antiviral activity compared with vehicle control.

There is no inhibitory or dilution effect caused by adding oxymetazoline 0.1% and tobramycin 0.3% to the ranpirnase in the OKG-0303 formulation.

Tobramycin

Bacterial kill curve study

Tobramycin retains its individual contribution within OKG-0303, with no dilution of efficacy.

Together with the rabbit antiviral study, OKG-0303 should be an effective treatment for both viral and bacterial conjunctivitis.

long-term stability

Stability and toxicology

Six months of stability achieved and extrapolated to two years at 25 °C in the supply chain, with long-term stability ongoing to 24 months.

A 14-day repeated-dose ocular toxicity study in 36 New Zealand White rabbits at up to 20 times the human daily dose found statistically significant IOP changes that were not clinically relevant, all staying well within normal range, with all other results normal.

Clinical

Emerald Trial.

RUBY is complete. It tested ranpirnase on its own and provided the first clinical evidence of dose-responsive antiviral activity with topical ranpirnase. EMERALD is a separate, ongoing program built around Treyegen™ (OKG-0303), the three-component combination — and because its Phase 2 portion is a contribution-of-elements study, it will also generate further data on ranpirnase alone.

EMERALD

Ongoing

A Phase 1 open-label, multicenter study to evaluate the safety and efficacy of OKG-0303 in healthy subjects and in patients with acute infectious conjunctivitis, expanding to a Phase 2 randomised, multicenter, double-blind, vehicle-controlled trial in patients with acute infectious conjunctivitis.

Phase 1

Approximately 20 patients, ten healthy and ten with disease. An open-label evaluation of OKG-0303.

Phase 2

Six arms: OKG-0303, OKG-0301 (ranpirnase alone), oxymetazoline 0.1%, ranpirnase with oxymetazoline, ranpirnase with tobramycin, and vehicle. Approximately 240 evaluable subjects are planned, The Phase 2 portion is designed to characterize the contribution of each component and inform the design and statistical powering of subsequent studies.

Goals of the Study

  • OKG-0303 versus vehicle — superiority on viral and bacterial load and on symptoms
  • OKG-0303 versus oxymetazoline — superiority on viral and bacterial load, equivalence on symptoms
  • OKG-0303 versus OKG-0301 — superiority on symptoms and bacterial load, equivalence on viral load

Current Status

  • India IND cleared — Approaching first patient first visit
  • Clinical site ethics committee approvals — In progress
  • CMC — Formulation and stability complete; clinical supply manufacturing in progress
  • Data readout — Expected Q4 2026

Where We Are

EMERALD cleared to begin, with clinical
development advancing in 2026

EMERALD is a Phase 1/2 study of OKG-0303 in acute infectious conjunctivitis, designed to evaluate safety, tolerability and antiviral activity in a real-world patient population.

Add-on Asset

An AI evaluation tool for conjunctivitis

A companion tool built on a proprietary algorithm and company-controlled training dataset. It has achieved 86% accuracy using images alone to classify viral, bacterial and healthy eyes. Data and images from the EMERALD study are expected to expand the training dataset and strengthen validation. The initial target audience is telehealth platforms, and the tool is being built platform-agnostic for ease of integration, with planned support for iOS, Android and major web browsers.

86%

Classification accuracy from images alone

3

Classes: viral, bacterial and healthy

iOS · Android · Web

Planned platform support