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**APIRx-1702** is a preclinical ophthalmic drug candidate developed using APIRx's patented cannabinoid delivery technologies, such as sustained-release transconjunctival formulations like OphtoCann™ or CannBleph™, targeting **dry eye syndrome**. It leverages cannabinoids for potential anti-inflammatory and neuroprotective effects in ocular tissues, addressing a global market projected at $6.6B by 2027. The program stems from APIRx Pharmaceuticals, acquired by Incannex Healthcare in 2022, with pre-IND completed in the Netherlands and Switzerland, and Orphan Drug Designation granted; in vitro studies support proof-of-concept, positioning it for Phase 1 advancement.
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