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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 29, 2005
OCCULOGIX, INC.
(Exact name of Registrant as specified in its Charter)
Delaware 000 51030 59-343-4771
(State or other Jurisdiction) (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
2600 Skymark Avenue, Unit 9, Suite 201
Mississauga, Ontario L4W 5B2
(Address of principal executive offices)
Registrant's telephone number, including area code: (905) 602-0887
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01 Entry into a Material Definitive Agreement
On March 29, 2005, the Company issued a press release announcing that, in
connection with entering into a supply and co-marketing agreement (the
"Marketing Agreement") with Rheogenx Biosciences Corporation ("Rheogenx"), the
Company has re-acquired its patent, know-how and trademark rights to
non-ophthalmic indications for the RHEO System in North America that the Company
had previously licensed to Rheogenx.
The termination of the license of such rights was effected by the Company
entering into an asset purchase agreement with Rheogenx as of March 28, 2005
(the "Asset Purchase Agreement"), pursuant to which the Company acquired from
Rheogenx, for nominal consideration, all of Rheogenx's rights, title and
interest in (1) the name "Rheogenx", (2) the License Agreement dated as of
October 1, 2003 between the Company and Rheogenx (the "License Agreement") and
(3) the Sales Agreement dated as of October 1, 2003 between the Company and
Rheogenx (the "Sales Agreement").
The Marketing Agreement, dated March 28, 2005, secures for Rheogenx and its
affiliates, including PhereSys Therapeutics Corporation ("PhereSys"), a supply
of pumps and disposable treatment sets from the Company. Pursuant to the Marking
Agreement, the Company will also provide marketing support for PhereSys' mobile
apheresis business, upon the Company obtaining FDA approval to market its RHEO
System in the United States.
ITEM 1.02 Termination of a Material Definitive Agreement
Under the License Agreement, the Company licensed to Rheogenx the Company's
rights to the RHEO System and associated intellectual property for
non-ophthalmic uses to Rheogenx. Under the Sales Agreement, the Company
appointed Rheogenx as its exclusive representative in Canada, the United States
and Mexico to sell the RHEO System for non-ophthalmic uses.
As disclosed above, the License Agreement and the Sales Agreement effectively
were terminated as of March 28, 2005 by the Company entering into the Asset
Purchase Agreement with Rheogenx.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release of OccuLogix, Inc. dated March 29, 2005.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
OCCULOGIX, INC.
Date: April 1, 2005
By: /s/ Stephen Kilmer
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Stephen Kilmer
Vice President, Corporate Affairs