Novartis to Acquire Xiidra

Novartis announced that it has entered into an agreement with Takeda Pharmaceutical Company Limited to acquire the assets associated with Xiidra® (lifitegrast ophthalmic solution) 5% worldwide. Xiidra is the first and only prescription treatment approved to treat both signs and symptoms of dry eye by inhibiting inflammation caused by the disease. The transaction would bolster the Novartis front-of-the-eye portfolio and ophthalmic leadership. Closing of the transaction is expected in second half of 2019, subject to customary closing conditions including regulatory approvals. On closing, Novartis plans a smooth transition of operations and integration of Xiidra into its pharmaceuticals portfolio.

Xiidra, with its anti-inflammatory mechanism of action, is the first dry eye treatment approved to treat both the signs of eye damage and the physical symptoms experienced by patients. Additional benefits of Xiidra, exhibited in phase III studies, include a timely onset of action and well-tolerated safety profile.

“Xiidra, with its unique dual benefits, is an example of the type of innovative advances we invest in for the benefit of patients,” said Paul Hudson, CEO Novartis Pharmaceuticals. “We look forward to leveraging our well-established commercial infrastructure to bring this medicine to more patients.”

In addition to powering Novartis’ ability to serve more patients suffering from eye disease, the additional commercial experience established with Xiidra is expected to better position the company for front-of-the-eye pipeline products currently in development.

Deal terms include a USD 3.4 billion upfront payment with potential milestone payments of up to USD 1.9 billion. As part of the agreement, Novartis will be taking on approximately 400 employees associated with the product.

Click HERE for the full press release.

Featured Posts

Nautica Intros New Tenite™ Renew Collection

Conquer the sun in style with Nautica Eyewear’s trendy round sunglasses from their Tenite Renew collection.

Learn More

Repeated Stress Can Speed Up Aging in the Eye and Glaucoma

A new research study published in the journal Aging Cell, shows that stress including higher eye pressure from Glaucoma can cause changes in retinal cells similar to what is seen in natural aging.

Read more

Lacoste Presents Spring/Summer 2023 Active Mini-Me Sunglasses

Celebrating the style bond between father and son, Lacoste introduces the Spring/Summer 2023 new mini-me sunglasses.

Read more

OGS Marks World Optometry Week with Fundraising Campaign

As the industry gears up to celebrate World Optometry Week and World Optometry Day next week, Optometry Giving Sight (OGS) today announced its latest campaign, ”Give Sight. Change Lives.”

Read more

Craze Guard for the Optical

The patented device, made from proprietary heat resistant materials, helps ward off lens crazing while keeping the bridge and temples exposed for heating. 

Read more

Nautica Intros New Tenite™ Renew Collection

Conquer the sun in style with Nautica Eyewear’s trendy round sunglasses from their Tenite Renew collection.

Learn More

Repeated Stress Can Speed Up Aging in the Eye and Glaucoma

A new research study published in the journal Aging Cell, shows that stress including higher eye pressure from Glaucoma can cause changes in retinal cells similar to what is seen in natural aging.

Read More

Lacoste Presents Spring/Summer 2023 Active Mini-Me Sunglasses

Celebrating the style bond between father and son, Lacoste introduces the Spring/Summer 2023 new mini-me sunglasses.

Read More

OGS Marks World Optometry Week with Fundraising Campaign

As the industry gears up to celebrate World Optometry Week and World Optometry Day next week, Optometry Giving Sight (OGS) today announced its latest campaign, ”Give Sight. Change Lives.”

Read More

Craze Guard for the Optical

The patented device, made from proprietary heat resistant materials, helps ward off lens crazing while keeping the bridge and temples exposed for heating. 

Read More

Nautica Intros New Tenite™ Renew Collection

Conquer the sun in style with Nautica Eyewear’s trendy round sunglasses from their Tenite Renew collection.

Learn More

Repeated Stress Can Speed Up Aging in the Eye and Glaucoma

A new research study published in the journal Aging Cell, shows that stress including higher eye pressure from Glaucoma can cause changes in retinal cells similar to what is seen in natural aging.

Read more

Lacoste Presents Spring/Summer 2023 Active Mini-Me Sunglasses

Celebrating the style bond between father and son, Lacoste introduces the Spring/Summer 2023 new mini-me sunglasses.

Read more

OGS Marks World Optometry Week with Fundraising Campaign

As the industry gears up to celebrate World Optometry Week and World Optometry Day next week, Optometry Giving Sight (OGS) today announced its latest campaign, ”Give Sight. Change Lives.”

Read more

Craze Guard for the Optical

The patented device, made from proprietary heat resistant materials, helps ward off lens crazing while keeping the bridge and temples exposed for heating. 

Read more

Nautica Intros New Tenite™ Renew Collection

Conquer the sun in style with Nautica Eyewear’s trendy round sunglasses from their Tenite Renew collection.

Learn More

Repeated Stress Can Speed Up Aging in the Eye and Glaucoma

A new research study published in the journal Aging Cell, shows that stress including higher eye pressure from Glaucoma can cause changes in retinal cells similar to what is seen in natural aging.

Read more

Lacoste Presents Spring/Summer 2023 Active Mini-Me Sunglasses

Celebrating the style bond between father and son, Lacoste introduces the Spring/Summer 2023 new mini-me sunglasses.

Read more

OGS Marks World Optometry Week with Fundraising Campaign

As the industry gears up to celebrate World Optometry Week and World Optometry Day next week, Optometry Giving Sight (OGS) today announced its latest campaign, ”Give Sight. Change Lives.”

Read more

Craze Guard for the Optical

The patented device, made from proprietary heat resistant materials, helps ward off lens crazing while keeping the bridge and temples exposed for heating. 

Read more