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Pharmaceuticals

Novartis sells ophthalmology assets to Bausch + Lomb for $1.75 billion

by Rick Mullin
July 9, 2023 | A version of this story appeared in Volume 101, Issue 22

 

Novartis has agreed to sell its Xiidra treatment for dry eye disease and other ophthalmology assets to Bausch + Lomb for $1.75 billion plus milestone payments that could bring the deal to $2.5 billion. The deal also includes SAF312, a therapy in development for treatment of chronic ocular surface pain, and a TRPV1 antagonist. Bausch + Lomb will also assume rights for use of the AcuStream delivery device in dry eye indications.

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