Astellas Paying $5.9bn For Iveric To Boost Ophthalmology Presence

Eyes Post-Xtandi Revenues

Astellas set to acquire private US firm to add to its strategic capabilities in ophthalmology focus area, along with another revenue pillar as it prepares for Xtandi expiry. 

Astellas notes a high expectation for Iveric Bio's clinical candidate ACP
Astellas eyes high-need ophthalmology indication and another revenue pillar in Iveric deal • Source: Shutterstock

Astellas Pharma, Inc. has entered into a definitive agreement to acquire US bioventure Iveric Bio for a total equity value of approximately $5.9bn, in a bid to enhance the Japanese major’s strategic presence in the ophthalmology area.

Privately held Iveric, based in Parsippany, NJ with around 260 employees, will bring with it several preclinical pipeline assets, but...

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