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Alcon eyes $770m takeover of ophthalmology specialist Aerie

pharmaphorum

Swiss eyecare firm Alcon has made a move to boost its position in ophthalmological medicines with a $15.25 per share offer to buy Aerie Pharmaceuticals that value the US company at around $770 million. Alcon said the Aerie deal is another example of its strategy to expand in the ophthalmic pharmaceutical eye drop space.

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Novartis finally sells Roche stake, for almost $21 billion

pharmaphorum

Once Roche repurchases the shares – assuming shareholders in the company agree to the deal at a meeting schedule for 26 November – they will be cancelled, and the result will be that the pool owned by shareholders of the founding Hoffmann-La Roche families in Roche will swell to around 67.5%.

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Top 20 Medical Device Companies Based on 2022 Revenue

PharmaShots

Shots: Driven by constant innovation and life-changing technological advances, medical device companies have integrated a holistic approach to diagnosis and therapeutics. in 2022, medical device companies are anticipated to touch the astronomical threshold of $965.2B. The company’s 2022 revenue surged by 4.32% vs 2021.

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Oculis SA and EBAC join to drive ophthalmology innovation

pharmaphorum

Oculis SA, a global biopharmaceutical company that develops treatments for saving sight and improving eye care with breakthrough innovations, is to combine with the European Biotech Acquisition Corp (EBAC), a special purpose acquisition company (SPAC) that has screened over 100 European biotechnology companies.

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Drug developers look at innovative mechanisms to tackle dry eye syndrome

Pharmaceutical Technology

While both of these therapies compete directly against Restasis, Kala Pharmaceuticals’ Eysuvis (loteprednol etabonate suspension 0.25%), which was sold to Alcon in July 2022, is a corticosteroid used for short term treatment of the signs and symptoms of DES.

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Novartis keeps a close eye on gene therapy with Vedere Bio buy

pharmaphorum

Earlier this year, the group also signed a licensing deal with Dyno Therapeutics for its AAV capsid-based gene delivery technology, also focused on ocular disease which remains one of Novartis’ core drug development targets despite the spin-off of the Alcon eyecare division in 2019.

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Insights+: An Analysis of the Growth of Biopharma Companies in the Last 20 Years (2003-2022)

PharmaShots

While the recent COVID-19 pandemic served as an instigator for the biopharma industry by encouraging companies to assess the key performance indicators and meet the unmet demands, some other notable factors, such as mapping of the human genome, and the development of automated DNA sequencers acted as driving forces for the industry.