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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.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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