Viatris to create ophthalmology franchise via two M&A deals

8 November 2022

Generics major Viatris (Nasdaq: VTRS) yesterday said it intends to create an ophthalmology franchise by acquiring two companies, Oyster Point Pharma (Nasdaq: OYST) and Famy Life Sciences.

The decision was welcomed by investors as the company’s shares leapt more than 13% to $10.97. Oyster Point did even better, with its shares leaping 38.6% to $11.57.

Together, the two acquisitions have an aggregate purchase price of around $700-$750 million, which Viatris expects to fund with cash on hand.

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