Arctic Vision announced the entering of an amendment to the exclusive license agreement with its partner Clearside Biomedical, Inc., to expand the licensed territory for ARVN001 (triamcinolone acetonide suprachoroidal injectable suspension, known as XIPERE™ in the U.S.) from Greater China (mainland China, Hong Kong, Macau and Taiwan) and South Korea to also include ASEAN Countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) and India. ARVN001 is a proprietary suspension of the corticosteroid triamcinolone acetonide formulated for administration to the suprachoroidal space (SCS®) through Clearside's patented SCS Microinjector®. The product is being investigated for the treatment of macular edema associated with uveitis ("UME"). In the U.S., Clearside's XIPERE New Drug Application filing was accepted in May 2021 by the Food and Drug Administration. In China, Arctic Vision is planning to initiate a Phase III clinical trial in the 2nd half of the year. ARVN001 is a proprietary suspension of the corticosteroid triamcinolone acetonide formulated for administration to the suprachoroidal space that is being investigated for the treatment of macular edema associated with uveitis (UME). Clearside's patented technology is designed to deliver drug to the suprachoroidal space located between the choroid and the outer protective layer of the eye, known as the sclera. Suprachoroidal injection enables the rapid and adequate dispersion of medicine to the back of the eye, offering the potential for the medicine to act longer and minimize harm to the surrounding healthy parts of the eye. In March 2020, Arctic Vision acquired the exclusive license for the development and commercialization of XIPERE in Greater China and South Korea. ARVN001 is Arctic Vision's project code for the XIPERE asset. In December 2020, Arctic Vision obtained approval for its Investigational New Drug (IND) submission for a UME Phase III trial from the National Medical Products Administration (NMPA) in China. The product is not yet approved in any jurisdiction. The U.S. NDA filing was accepted by the FDA in May 2021.