Announced
Completed
Financials
Tags
Acquisition
Majority
Private
Single Bidder
pharmaceutical products
eye drops
eye care
Pharmaceuticals
Cross Border
Friendly
Completed
Ireland
Synopsis
Bausch + Lomb, an optical brand, completed the acquisition of XIIDRA, a non-steroid eye drop, from Novartis, a pharmaceutical company, for $2.5bn. “We expect to quickly take a leading position in the growing prescription dry eye category with the XIIDRA acquisition and MIEBO launch and, importantly, help the millions of patients not currently receiving adequate treatment for dry eye disease,” Brent Saunders, Bausch + Lomb Chairman and CEO.
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