Published in Retina

Oculis' Pioneer Program: Optic Neuritis as a Proof of Concept for Retinal Neuroprotection

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6 min read

Sit down with Drs. Rishi P. Singh and Riad Sherif to review updates in Oculis' ophthalmic pipeline, with a focus on privosegtor for optic neuritis.

In this episode of Evidence-Based Retina, Rishi P. Singh, MD, sits down with Riad Sherif, MD, who discusses Oculis' ophthalmic pipeline and the PIONEER program evaluating privosegtor (OCS-05) as a potential neuroprotective treatment in acute optic neuritis.
Dr. Sherif is the CEO of Oculis.

Oculis clinical trials fast facts:

  • DIAMOND trials: OCS-01, an investigational topical corticosteroid eye drop, reduced central subfield thickness (CST), but the anatomical change did not translate into an improvement in best-corrected visual acuity (BCVA). Oculis has received the complete trial dataset and is continuing its analysis.1
  • PIONEER program: Privosegtor (OCS-05) is a peptoid molecule being developed by Oculis as a neuroprotective drug intended to preserve neurons and axons.2
    • PIONEER-1: The trial uses privosegtor 3 mg/kg/day for 5 days and follows the dose, measurements, and 3-month endpoint timing used in ACUITY.3
    • Why optic neuritis: Dr. Sherif describes optic neuritis as both an unmet medical need and a useful platform for assessing neuroprotection.
    • Measuring neuroprotection: The program evaluates visual function, OCT measures of retinal structure, and neurofilament as a measure of axonal damage.

OCS-01 and the DIAMOND trials

Oculis' phase 3 DIAMOND-1 and DIAMOND-2 trials evaluated topical OCS-01 for diabetic macular edema (DME). Dr. Sherif says OCS-01 reduced central subfield thickness (CST), a measure of retinal swelling, but did not improve BCVA.1
He also points out that the response seen in the earlier stage of development was repeated in DIAMOND-1 and DIAMOND-2, but not through week 52. Oculis had received the complete dataset and was continuing its analysis.
Dr. Sherif explained that the company had reviewed the study's execution and found it sound. Dr. Singh notes that visual acuity is not a perfect measure of functionality and considers the anatomical response encouraging.
Dr. Sherif also briefly discusses licaminlimab (OCS-02), a TNF inhibitor being studied for dry eye. The PREDICT-1 trial uses a genotype-based approach to identify patients with a TNFR1 biomarker before randomization.4

PIONEER program: Privosegtor and neuroprotection

Privosegtor (OCS-05) is Oculis' neuroprotective drug in registrational development. Dr. Sherif describes it as a small peptoid molecule that behaves like a biologic in its binding to receptors and targets and can cross the brain and retinal barriers. It is designed to protect neurons and axons from damage and death.2
Preclinical studies have tested privosegtor in models of apoptosis, inflammation, and oxidation, as well as glaucoma, optic neuritis, and multiple sclerosis. Dr. Sherif says these studies showed preservation of neurons and axons, including retinal ganglion cells and myelin.2,5

We preserve the retinal ganglion cells, we preserve the axons, we preserve the myelin from being damaged.

Dr. Singh considers the anatomical findings particularly significant, describing that type of effect as “unprecedented in our field.”

Why optic neuritis is an important proof of concept

Dr. Sherif sees optic neuritis as an important proof of concept for neuroprotection for two reasons.
First, an unmet treatment need exists. Corticosteroids are the standard of care and are effective at reducing inflammation, but there is no treatment specifically aimed at preserving retinal ganglion cells.6 Privosegtor is intended to address that gap by protecting neurons and their axons from damage.

This product is really meant to be neuroprotective and to preserve axons and neurons from dying.

The second reason is that optic neuritis allows investigators to assess neuroprotection in several complementary ways:
  • Visual function: Visual function can be measured with low-contrast visual acuity (LCVA) and best-corrected visual acuity (BCVA).
  • Retinal structure: Optical coherence tomography (OCT) provides structural information about the retina. Dr. Sherif points to the RNFL as providing information about the axons and the GCIPL as providing information about retinal ganglion cells.
  • Axonal injury: Neurofilaments serve as biomarkers of axonal injury. When an axon is damaged, neurofilaments are released into the cerebrospinal fluid and blood, where they can be measured.7
Dr. Sherif points to multiple sclerosis, amyotrophic lateral sclerosis, and other neurological diseases as examples in which neurofilaments are associated with damage and prognosis.

Optic neuritis is a great platform to test and assess neuroprotective drugs.

From ACUITY to PIONEER

PIONEER is a clinical development program that includes multiple trials, with PIONEER-1 and PIONEER-2 focused on optic neuritis. The program builds on ACUITY, the earlier phase 2 trial of privosegtor in acute optic neuritis. ACUITY primarily assessed safety and tolerability, with secondary measures examining retinal structure and visual function.3

PIONEER-1

Dr. Sherif describes PIONEER-1 as very similar to ACUITY. It uses the same 3 mg/kg/day dose for 5 days and follows the same approach to assessing function, structure, and neurofilament, with efficacy endpoints measured at 3 months.3
PIONEER-1 compares privosegtor plus corticosteroids with corticosteroids alone. Treatment begins the same day or within 24 hours, with both privosegtor and corticosteroids administered intravenously for 5 days.

To learn more about Oculis' ophthalmic pipeline and stay on top of updates, check out the Ophthalmic Clinical Trials Tracker!

Trial design

At month 3, visual assessments include the proportion of patients who gain 15 letters on LCVA, those who gain 30 letters, and the mean change in LCVA.
Ganglion cell-inner plexiform layer (GCIPL) is measured with OCT to assess whether retinal ganglion cell structure is being preserved, while neurofilament is measured to determine whether axonal damage is reduced.3
Patients then continue for another 9 months of safety follow-up through month 12. Dr. Sherif describes this as the typical FDA safety follow-up for a new molecular entity.
At the time of the interview, the study was in the site activation phase. Oculis had also been aligning with the FDA and had received a Special Protocol Assessment (SPA) during the first half of the year. The study planned approximately 75 centers across the United States, Europe, Australia, and Canada.
Dr. Singh describes the study as “avant-garde” and emphasizes the unmet need in optic neuritis.

Key takeaways:

  • In the DIAMOND trials, OCS-01 produced an anatomical response (CST reduction) that did not translate into a corresponding gain in visual acuity, which Oculis continues to evaluate as part of its full dataset analysis.
  • Privosegtor (OCS-05), a peptoid molecule capable of crossing the brain and retinal barriers, demonstrated preservation of retinal ganglion cells, axons, and myelin in preclinical models.
  • The PIONEER program assesses neuroprotection through three measures: visual function (LCVA, BCVA), retinal structure via OCT (RNFL and GCIPL), and axonal injury via neurofilament levels.
  • PIONEER-1 uses the same Privosegtor dose (3 mg/kg/day for 5 days) and measurement approach as the earlier ACUITY trial, with efficacy assessed at month 3 and safety follow-up continuing through month 12.
  • As of the interview, PIONEER-1 had received an FDA SPA and was in site activation across roughly 75 planned sites in the US, Europe, Australia, and Canada.

This article was written by Sonia Kelley, OD, MS, based on the recorded video from Drs. Singh and Sherif.

  1. Oculis announces topline results from DIAMOND Phase 3 trials with OCS-01 in diabetic macular edema. Oculis Holding AG. May 29, 2026. https://investors.oculis.com/news-releases/news-release-details/oculis-announces-topline-results-diamond-phase-3-trials-ocs-01.
  2. Optic neuritis: Privosegtor. Oculis Holding AG. 2026. https://oculis.com/our-areas-of-focus/optic-neuritis/.
  3. Villoslada P, Vila G, Colafrancesco V, et al. Axonal and myelin neuroprotection by the peptoid BN201 in brain inflammation. Neurotherapeutics. 2019;16(3):808-827. doi:10.1007/s13311-019-00717-4.
  4. Oculis announces first patient randomized in PREDICT-1 registrational trial of licaminlimab, advancing precision medicine in dry eye disease. Oculis Holding AG. June 9, 2026. https://investors.oculis.com/news-releases/news-release-details/oculis-announces-first-patient-randomized-predict-1.
  5. PIONEER-1 registrational trial study design. Oculis Holding AG. June 2026. https://investors.oculis.com/node/10206/html.
  6. Chaitanuwong P, Moss HE. Optic neuritis: a comprehensive review of current therapies and emerging treatment strategies. Front Neurol. 2025;16:1605075. doi:10.3389/fneur.2025.1605075.
  7. Khalil M, Teunissen CE, Otto M, et al. Neurofilaments as biomarkers in neurological disorders. Nat Rev Neurol. 2018;14(10):577-589. doi:10.1038/s41582-018-0058-z.
Rishi P. Singh, MD, FASRS
About Rishi P. Singh, MD, FASRS

Rishi P. Singh, MD, FASRS, is the Chair of the Department of Ophthalmology at Mass General Brigham, overseeing ophthalmology across Massachusetts Eye and Ear, Massachusetts General Hospital, Brigham and Women’s Hospital, and affiliated sites. He is also a Professor of Ophthalmology at Harvard Medical School.

Previously, Dr. Singh served as Vice President and Chief Medical Officer at Cleveland Clinic Martin Health in Stuart, Florida, and as a staff surgeon at the Cleveland Clinic, where he was also Professor of Ophthalmology at the Cleveland Clinic Lerner College of Medicine in Cleveland, Ohio. He received both his undergraduate degree in medical science and his medical degree from Boston University, completing his internship at Tufts University. Dr. Singh went on to complete his ophthalmology residency at the Massachusetts Eye and Ear Infirmary/Harvard Medical School and a medical and surgical vitreoretinal fellowship at the Cole Eye Institute at the Cleveland Clinic.

Dr. Singh specializes in the management of complex retinal diseases, including diabetic retinopathy, retinal vein occlusions, retinal detachment, and age-related macular degeneration. He has authored over 300 peer-reviewed publications, books, and book chapters and serves as Principal Investigator for numerous national and international clinical trials aimed at improving outcomes for patients with retinal diseases.

He is the founder and past president of the Retina World Congress, chairs some of the largest continuing medical education meetings in retina, and serves on editorial boards and review panels for major ophthalmology journals. His leadership has extended into digital innovation, having helped lead enterprise-wide implementation of clinical technologies including Epic modules, digital informed consent, and patient-facing kiosks.

Dr. Singh has received multiple accolades for his contributions to ophthalmic research and innovation, including the Alpha Omega Alpha Research Award, the American Society of Retina Specialists Young Investigator Award, and the J. Donald Gass Beacon of Sight Award. He also leads The Center for Ophthalmic Bioinformatics, a research initiative focused on leveraging big data and artificial intelligence to advance understanding and treatment of retinal disease.

Rishi P. Singh, MD, FASRS
Riad Sherif, MD
About Riad Sherif, MD

Riad Sherif, MD, has served as Chief Executive Officer and Director of Oculis since December 2017. Before joining Oculis, Dr. Sherif served as Entrepreneur in Residence at the Novartis Venture Fund from 2016 to 2017. He served as President of Europe, Middle East, and Africa at Alcon from 2014 to 2016.

From 2002 to 2014, he held roles of increasing responsibility at Novartis, including Global Head of Sales for Transplant and Infectious Disease, Head of Latin America for Transplant and Infectious Disease, President of Novartis Vaccines and Diagnostics, Latin America, and President of Novartis Pharmaceuticals, Canada. Prior to Novartis, Dr. Sherif worked for several pharmaceutical companies, holding positions of increasing seniority, mainly in marketing and general management with international scope.

Dr. Sherif currently serves as a member of the Board of Directors of Revenio Group corporation. He previously served as Vice Chairman for the Innovative Medicine Canada Association, as Chairman of In-Vivo Montreal, and as Chairman of the Board of Ophthalmic Surgery and Vision Care, Eucomed. Dr. Sherif is a medical doctor by training and holds an MBA. from IMD Business School and a Specialized Master’s Degree in Medical Management from ESCP.

Riad Sherif, MD
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