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2025 RETINA PIPELINE

2025 RETINA PIPELINE

A View Into Ongoing Innovation
[Interactive]

Updates abound in this year’s AMD pipeline poster

Content guidance and source: Peter K. Kaiser, MD

Download icon Download the Pipeline PDFs

This content originally ran as a poster in the May/June issue. Check out the print publication to view the full size poster, or use the links below to download the PDFs.

Dry AMD Pipeline PDFWet AMD Pipeline PDF
Quote icon

“The pipeline for wet AMD and dry AMD/geographic atrophy continues to evolve, with researchers identifying a new pathway for wet AMD therapy and various candidates in the dry AMD pathway moving toward pivotal studies. Use this page to educate yourself about the targets of each pipeline candidate so you can stay on the cutting edge of knowledge.”

Kaiser headshot

Peter K. Kaiser, MD

Watch as Peter K. Kaiser, MD, explains the poster and follow along with the graphics below.

Every year I update this poster —now in its fifth iteration (for those keeping score at home)—to give my fellow retina specialists a quick snapshot of where we stand in drug development. It’s made for those of us juggling packed clinics and barely enough time to breathe. What should you know about? What should you keep an eye on? And what major changes to the treatment landscape and developmental pipeline are worth highlighting?

In terms of wet age-related macular degeneration (AMD), I decided to remind my retina specialist colleagues about the redesigned Port Delivery System with Ranibizumab (Genentech/Roche). This technology is back in the treatment armamentarium for retina specialists (Spoiler alert: the new septum-overmold bond is sturdier and hopefully may prevent septum dislodgement). We also introduce readers to the wingless integration signaling pathway (Wnt, pronounced “wint”), which researchers have begun targeting. Although we are years away from a potential treatment that leverages this pathway, we nevertheless should keep it on our radar.

The ever-expanding dry AMD section of this year’s poster continues a familiar trend—steady growth in the pipeline. While we’ve seen a few failures, the number of new treatments, spanning a wide range of mechanisms, continues to climb.

Rethinking how to organize the summary of dry AMD treatments posed some unique challenges. For example, the longest list of pipeline treatments falls under the “Suppress Inflammation” section, and to square the realities of print layout and page real estate, we placed it most prominently on the left side of the poster. This does not mean, however, that these options are furthest upstream in the dry AMD treatment flowchart, nor are they more legitimate than options that appear elsewhere on the poster.

I’d like to call your attention to the box titled, “New Evidence on the Efficacy of AREDS Supplements in AMD,” which explores a recent study showing that certain combinations of oral micronutrient supplementation could play an important role in mitigating the risk of vision loss in patients with GA.1 AREDS vitamins remain one of our oldest options, but age has not made them any less useful. If you’re looking for a surprising update, don’t skip this callout box.

As always, we are eager to hear your suggestions, comments, and criticisms of this annual poster. If you need to reach the team that assembles this project so that we can consider your input next year, email me, Peter K. Kaiser, MD, at pkkaiser@gmail.com or Cara Deming, Executive Director of Special Projects at Bryn Mawr Communications, at cdeming@bmctoday.com.

1. Keenan TDL, Agrón E, Keane PA, et al; Age-Related Eye Disease Study Research Group; Age-Related Eye Disease Study 2 Research Group. Oral antioxidant and lutein/zeaxanthin supplements slow geographic atrophy progression to the fovea in age-related macular degeneration. Ophthalmology. 2025;132(1):14-29.

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Retina Pipeline: Dry AMD

MOBILE USERS:

We recommend that you access this portion of the Pipeline on a desktop computer.

While a larger screen will make it easier to navigate and visualize the Suppress Inflammation diagram below, the mobile experience contains the same content.

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A. Suppress Inflammation

Hover the numbers in the diagram or in the list below to see where each therapy suppresses inflammation along the pathway.

Hover icon

See the diagram below showing where each therapy suppresses inflammation along the pathway.

  • 1

    OMS721 (Omeros)

    MASP-2 Inhibition

  • 2

    ANX007 (Annexon)

    C1q Inhibition

  • 3

    Iptacopan (Novartis)

    Complement Factor B Inhibition

  • 4

    Pegcetacoplan (Apellis) FDA Approved

    C3 Inhibition

  • 5

    CB-2782-PEG (Catalyst Biosciences)

    C3 Protease

  • 6

    AMY106 (Amyndas Pharmaceuticals)

    C3 Inhibition

  • 7

    SLN501 (Silence Therapeutics/ Mallinckrodt Pharmaceuticals)

    siRNA C5 mRNA Inhibition

  • 8

    Efdamrofusp alfa (Innovent Biologics)

    sCR1/VEGF Inhibition

  • 9

    gene-therapy-icon icon KRIYA-825 (Kriya Therapeutics)

    CR1/CR2 Gene Therapy

  • 10

    gene-therapy-icon icon CTx001 (Complement Therapeutics)

    CR1 Gene Therapy

  • 11

    NM5072 (NovelMed)

    Properdin Inhibition

  • 12

    Danicopan (Alexion Pharmaceuticals/AstraZeneca)

    Complement Factor D Inhibition

  • 13

    BCX9930 (BioCryst Pharmaceuticals)

    Complement Factor D Inhibition

  • 14

    KNP-301 (Kanaph Therapeutics)

    C3b/VEGF Inhibition

  • 15

    AGN-151151 (AbbVie)

    C5 Inhibition

  • 16

    cemdisiran (Alnylam Pharmaceuticals)

    siRNA C5 mRNA Inhibition

  • 17

    Avacincaptad pegol (Astellas) FDA Approved

    C5 Inhibition

  • 18

    ALXN1720 (Alexion)

    C5 Inhibition

  • 19

    pozelimab/cemdisiran (Regeneron)

    c5 Inhibition

  • 20

    PASylated Nomacopan (Akari Therapeutics)

    C5/LTB4 Inhibition

  • 21

    KNP-302 (Kanaph Therapeutics)

    C3b and CD59 Inhibition

  • 22

    gene-therapy-icon icon JNJ-1887 (Janssen)

    sCD59 Gene Therapy

  • 23

    gene-therapy-icon icon sFH GTx (Aevitas Therapeutics)

    Complement Factor H Gene Therapy

  • 24

    gene-therapy-icon icon CFH GTx (Syncona)

    Complement Factor H Gene Therapy

  • 25

    gene-therapy-icon icon AAV.SFH (Aevitas Therapeutics)

    Short-Form Complement Factor H Gene Therapy

  • 26

    gene-therapy-icon icon VOY-101 (Perceive Biotherapeutics)

    Complement Factor H Gene Therapy

  • 27

    CB-4332 (Catalyst Biosciences)

    Recombinant Complement Factor I


  • Macrophage Repolarization
  • 28

    AVD-104 (Aviceda Therapeutics)

    Complement Factor H Activation

  • TMi-018 (Translatum Medicus)

    Blocks M1 Transcriptome Expression


  • Inflammasome Inhibition
  • K8 (Inflammasome Therapeutics)


  • Matrix Modulation
  • doxycycline (Galderma Labs)

View More

New Evidence on the Efficacy of AREDS Supplements in AMD

New research suggests that oral micronutrient supplementation could play an important role in mitigating the risk of vision loss in patients with GA.1

Suppress Inflamation Chart

METHODS:

  • Post hoc analysis of the AREDS and AREDS2 trials
  • Assessed ~1600 eyes with GA in ~1200 patients
  • Patients randomly assigned to oral nutritional supplementation or placebo
  • Endpoints:
  • Change in GA proximity to the central macula over time
  • Change in square root GA area over time
Suppress Inflamation Chart

Findings:

  • Among patients with noncentral GA in AREDS, supplementation with antioxidants resulted in significantly slower proximity-based progression of GA compared with placebo (50.7 µm/year vs 72.9 µm/year; P = .012).
  • Among patients with noncentral GA in AREDS2, supplementation with antioxidants without beta-carotene but with lutein/zeaxanthin resulted in significantly slower proximity-based progression of GA compared placebo (80.1 µm/year vs 114.4 µm/year; P = .011).
  • It should be noted that these changes were only observed in patients with noncentral GA; among patients with any GA in AREDS and AREDS2, differences were not seen.

It remains to be seen how retina specialists will apply these data, but they nevertheless suggest that they have another arrow in their quiver.

1. Keenan TDL, Agrón E, Keane PA, et al; Age-Related Eye Disease Study Research Group; Age-Related Eye Disease Study 2 Research Group. Oral antioxidant and lutein/zeaxanthin supplements slow geographic atrophy progression to the fovea in age-related macular degeneration. Ophthalmology. 2025;132(1):14-29

B. Stem Cells

  • Human Embryonic Stem Cells (hESCs):
  • OpRegen (Lineage Cell Therapeutics, Genentech/Roche)
  • CPCB-RPE1 Implant (Regenerative Patch Technologies)
  • MA09-hRPE (Astellas)
  • Eyecyte-RPE (Eyestem Research Ltd)
  • RPESC-RPE-4W (Luxa Biotechnology)
  • hESC RPE sheets (Pfizer)
  • HLS001 Cell Sheets (Sumitomo Dainippon Pharma)

  • Umbilical stem cells (hUTCs):
  • Human Umbilical Stem Cells (jCyte)

C. Other approaches

  • Other Mechanisms:
  • Gene Therapy icon OCU410 (Ocugen)

    RORA Anti-imflammatory Protein Gene Therapy

  • CT1812 (Cognitive Therapeutics)

    Selective σ-2 Inhibition

  • Xiflam (InflammX Therapeutics)

    Connexin43 Inhibition

  • Valeda Light Delivery System (LumiThera) FDA Cleared

    Photobiomodulation

  • ONL-1204 (ONL Therapeutics)

    FAS Inhibition

  • PST-611 (PulseSight Therapeutics)

    DNA Plasmid Expressing Transferrin

  • vutrisiran (Alnylam Pharmaceuticals)

    siRNA TTR mRNA Inhibition

  • OSA-1-101 (Osanni Bio)

    HMG-CoA Reductase Inhibition

  • Gene Therapy icon VGX-0111 (VisgenX)

    ELOVL2 gene therapy

  • FRX-001 (FerRx Bio)

    Ferroptosis Inhibition

  • RT011 (Rerotope)

    Deuterium-Stabilized DHA

D. Reduce Toxic By-product Accumulation

  • Prevents Amyloid Aβ Oligomer Assembly:
  • GAL-101 (Galimedix Therapeutics/Iacta)
  • valiltramiprosate (Alzheon)

E. Neuroprotection

  • Repair Mitochondrial Dysfunction/Oxidative Stress:
  • elamipretide (Stealth Biotherapeutics)
  • risuteganib (Allegro Ophthalmics/Senju Pharma)
  • Gene Therapy icon Oculogenex

    Gene Therapy to Reduce Oxidative Stress

F. Visual cycle modulation

  • gildeuretinol (Alkeus Pharmaceuticals)
  • Tinlarebant (Belite Bio)

Retina Pipeline: Wet AMD

Wet Cell Diagram

Continue to scroll to see which pathway and receptors are targeted with each therapy.

Gene Therapy

  • RGX-314 (REGENXBIO, AbbVie)
  • AL-001 (Beijing Along Biopharmaceutical Co)
  • HG202 (HuidaGene Therapeutics Co)
  • ▴ ○ ixoberogene soroparvovec (Adverum Biotechnologies)
  • ▴ ○ NG101 (Neuracle Genetics)
  • ▴ ○ LX102 (InnoStellar Biotherapeutics)
  • ▴ ○ E301 (Samsung)
  • ▴ ○ FT-003 (Frontera)
  • ▴ ○ ABI-110 (Avirmax Biopharma)
  • ● ▴ ○ 4D-150 (4D Molecular Therapeutics)
  • ▴ ○ EXG-102-031 (Exogenesis Bio)
  • ▴ ○ KH631 (Kanghong Biotech)
  • HG202 (HuidaGene Therapeutics)
    CRISPR/Cas13 RNA Editing
  • BD311 (Shanghai BDgene Therapeutics Co)
  • SKG0106 (Skyline Therapeutics)
  • RRG001 (Refreshgene Therapeutics)
  • IVB103 (Innovec Biotherapeutics)

Extracellular VEGF Pathways

  • pegaptanib (Bausch + Lomb) FDA approved
  • Port Delivery System (Genentech/Roche) FDA approved
  • ranibizumab (Genentech/Roche) FDA approved
  • biosimilars to ranibizumab:
  • ranibizumab-nuna (Samsung/Biogen) FDA approved
  • ranibizumab-eqrn (Sandoz) FDA approved
  • ranibizumab-Ximluci (Xbrane Biopharma) EMA approved
  • ranibizumab-RanizuRel (Reliance Life Sciences) India FDA approved
  • Ranibizumab-razumab (Intas Pharmaceuticals) India FDA approved
  • LUBT010 (Lupin Ltd/Amman)
  • ranibizumab-Ranivisio (Teva) EMA Approved
  • SCT520FF (SinoCellTech)
  • SJP-0133 (Senju Pharma)
  • BCD100 (BIOCND/Qilu)
  • CKD-701 (Chong Jun Dang)
  • Bevacizumab (Genentech/Roche) Off-label
  • Bevacizumab-vikg (Outlook Therapeutics) EMA approved / Ophthalmic Formulation
  • biosimilars to bevacizumab:
  • TAB014 (Zhaoke Ophthalmology)
  • CT-P16 (Celltrion)
  • alymsys (Amneal Pharmaceuticals/mAbxience)
  • AK-3008 (Anhui Anke Biotechnology)
  • MIL-60 (Beijing Mabworks Biotech)
  • brolucizumab (Novartis) FDA approved
  • abicipar pegol (Molecular Partners)
  • KNP-301 (Kanaph Therapeutics)
  • tarcocimab tedromer (Kodiak Sciences)
  • VLTR-559 (Valitor)
  • ▴ ○ high-dose aflibercept (Regeneron) FDA approved
  • ▴ ○ aflibercept (Regeneron) FDA approved
  • biosimilars to aflibercept:
  • ▴ ○ aflibercept-ayyh (Amgen) FDA Approved
  • ▴ ○ aflibercept-jbvf (Biocon) FDA Approved
  • ▴ ○ aflibercept-yszy (Samsung/Biogen) FDA Approved
  • ▴ ○ ALT-L9 (Altos Biologics)
  • ▴ ○ MYL-1701 (Mylan/Momenta)
  • ▴ ○ SB15 (Samsung)
  • ▴ ○ RBS-001 (Rophibio)
  • ▴ ○ SCD411 (Sam Chun Dang Pharmaceutical Co./Fresenius Kabi)
  • ▴ ○ SOK583A1 (Sondoz/Novartis)
  • ▴ ○ OT-702 (Ocumension Therapeutics/Shandong Boan)
  • ▴ ○ FY203 (Formycon/Coherus)
  • ▴ ○ CT-P42 (Celltrion)
  • ▴ ○ AVT-06 (Alvotech)
  • ▴ ○ conbercept (Kanghong Biotech) CDE Approved
  • ▴ ○ IBI302 (Innovent Biologics)
    Plus CR1 Inhibition
  • ● ○ IBI333 (Innovent Biologics)
  • sozinibercept (Opthea)

Integrin Pathways

  • AG-73305 (Allgenesis Biotherapeutics)
  • gersizangitide (AsclepiX Therapeutics)
  • PAN
  • risuteganib (Allegro Ophthalmics/Senju Pharm)
  • OCU200 (Ocugen)
    Tumstatin and Transferrin Fusion Protein

TIE2 Activation Pathways

  • faricimab (Genentech/Roche) FDA Approved
  • BI 836880 (Boehringer Ingelheim)
  • ASKG-712 (AffaMed, AskGene Pharma)
  • ABP-201 (AbPro)
  • IBI324 (Innovent Biologics)
  • zifibancimig (Roche)
  • RO-104 (RevOpsis)
  • ▴ ○ EB-105 (Eluminex Biosciences)
  • PMC-403 (PharmAbcine)
    TIE2 Activating MAb
  • EYP-2301 (EyePoint Pharmaceuticals)
    TIE2 Agonist in Durasert E

Tyrosine Kinase inhibitor (TKi) Pathways

  • Axpaxli/axitinib (Ocular Therapeutix)
  • CLS-AX/axitinib (Clearside Biomedical)
  • AR-14034/axitinib (Alcon/Aerie)
  • Duravyu/vorolanib (EyePoint Pharmaceuticals)
  • AIV007/lenvatinib (AiViva Biopharma)
  • D-4517.2/migaldendrinib (Ashvattha Therapeutics)
  • KPI-287 (Kala Pharmaceuticals)
  • TO-O-1002 (TheratOcular Biotek Co., Ltd.)
  • PAN 90806 (PanOptica)
  • KHK4951/tivozanib (Kyowa Kirin Group)

Other Pathways

  • CVX-51401 (CavtheRx)

    Caveolin Modulator

  • EXN407 (Exonate)

    SRPK1 Inhibitor

  • aganirsen (Gene Signal)

    Inhibition of Insulin Receptor Substrate 1 (IRS-1)

  • PL9654 (Palatin Technologies)

    Melanocortin Receptor Agonist

  • Foselutoclax (Unity Biotechnology)

    Bcl-xL inhibitor

  • EOM147 (EOM Pharmaceuticals)

    Squalamine analog

  • ISTH0036 (Isarna Therapeutics)

    TGF-Beta2 Antisense Oligonucleotide

  • ATX-9874 (Augen/Duet Therapeutics)

    Indoleamine 2,3-dioxygenase (IDO) Inhibitor

  • CU06 (Curacle/Thea)

    Block cAMP/Cortactin Pathway

  • OLX-301D (OliX)

    cp-asiRNA-CTGF/CCN2 Inhibitor

  • Umedaptanib pegol (Ribomic)

    FGF2 Inhibitor

  • RC28-E (RemeGen)

    FGF2/VEGF Inhibitor

  • CG-P5 (Caregen)

    CG-P5 Peptide

  • OCU-10-C-110 (Ocugenix)

    CXC Chemokine Receptor 3 Agonist

  • KSI-501 (Kodiak Sciences)

    Anti-VEGF/IL6 Antibody Polymer Conjugate (ABC)

WNT Pathways

  • SYL-1801b (Sylentis)
    Nrarp receptor Inhibitor
  • MK-3000 (EyeBio/Merck)
    WNT Agonist

An Intro:

Phosphorylation that occurs after the activation of the wingless integration1 (WNT, sometimes pronounced wint) signaling pathway could be key to the development of AMD.1 Dysregulated WNT signaling may be linked to increased A2E levels in patients with AMD,1 and could contribute to neovascularization.2 Further, the WNT/beta-catenin pathway triggers the aerobic glycolysis cascade, and upregulation of WNT/beta-catenin results in increased concentration of cytosolic lactate, which has been linked to increased expression of VEGF.3

1. Tuo J, Wang Y, Cheng, R, et al. Wnt signaling in age-related macular degeneration: human macular tissue and mouse model. J Transl Med. 2015:13;330.
2. Vallée A. Curcumin and Wnt/βcatenin signaling in exudative age-related macular degeneration. Int J Mol Med. 2022;79.
3. Vallée A, Lecarpentier Y, Guillevin R, et al. Aerobic glycolysis hypothesis through WNT/beta-catenin pathway in exudative age-related macular degeneration. J Mol Neurosci. 2017;62:368-379.

Port Delivery System with Ranibizumab (PDS) Redesign

In 2022, a voluntary recall of the PDS occurred following reports of septum dislodgement in real-world patients. Genentech redesigned the PDS and included two important engineering adjustments,1 which have resulted in significantly reduced rates of septum dislodgement:

  • A new overmold designed to strengthen the bond between the overmold and the septum, resulting in doubled retention force.
  • New lubrication for the refill needle, which reduced the force necessary to initiate a refill-exchange.

1. Chang MA. Technical Updates to Port Delivery System With Ranibizumab (PDS) for the Treatment of Neovascular Age-related Macular Degeneration (nAMD), Diabetic Macular Edema (DME), and Diabetic Retinopathy (DR). Paper presented at: 25th Euretina Congress, September 19-22, 2024; Barcelona, Spain.

pds image

Image reprinted with permission from Genentech/Roche.

This content originally ran as a poster in the May/June issue. Check out the print publication to view the full size poster, or download the PDFs.

Did we miss a drug candidate?

If you wish to include a candidate for wet AMD, dry AMD, or GA therapy in next year's poster, email Peter K. Kaiser, MD, at pkkaiser@gmail.com and Cara Deming, Executive Director of Special Projects, at Bryn Mawr Communications, at cdeming@bmctoday.com.

View previous pipelines to see how it has evolved over the years.

Peter K. Kaiser, MD Headshot

Peter K. Kaiser, MD

Medical advisor, Retina Today

Chaney Family Endowed Chair in Ophthalmology Research; Professor of Ophthalmology, Cleveland Clinic Lerner College of Medicine; consulting surgeon in the vitreoretinal department at the Cole Eye Institute, Cleveland Clinic; founding director of the Cole Eye Reading Center, all in Cleveland, Ohio

pkkaiser@gmail.com

Financial disclosures: Advisory Board and Consultant (AbbVie, Alexion, Alkeus, Allgenesis, Alzheon, Amaros, Annexon Biosciences, AsclepiX, Astellas, Augen Therapeutics, Aviceda, Bayer, Bausch and Lomb, Beacon Therapeutics (AGTC), Biogen Idec, Carl Zeiss Meditec, Celltrion Healthcare Co., Complement Therapeutics, Endogena Therapeutics, Frontera Therapeutics, Galimedix, Innovent, Invirsa, iRenix, Isarna, Janssen, jCyte, Kanaph Therapeutics, Kanghong, Kera Therapeutics, Kriya Therapeutics, Movu/Santec, Nanoscope Therapeutics, Ocugenix, Oculis, Omeros, Osanni Bio, Panther Pharmaceuticals, Ray Therapeutics, RegenxBio, Resonance Medicine Inc., Restore Vision, Retinal Sciences, ReVana, Revopsis, Roivant, Samsung Bioepis, Sandoz, SGN Nanopharma Inc., SmileBiotek Zhuhai Ltd, Stealth Biotherapeutics, Stuart, Sudo Biosciences, Sustained Nano Systems, Théa, Tilak, Unity Biotechnology, Vanotech, VisgenX); Board of Directors (AAVAntgarde Bio); Employee (Ocular Therapeutix)

Marielle Mahan, MD Headshot

Marielle Mahan, MD

Artwork created, in part, with Marielle Mahan, MD.

Ophthalmology Resident, MedStar Georgetown University

Hospital/Washington Hospital Center, Washington, D.C.