Ophthalmic startup looking for rapid growth

17 October 2019

Texan ocular health firm Eyevance Pharmaceuticals has acquired two more products, the latest move in an aggressive growth strategy for the two year-old privately-held company.

Eyevance, which was founded to develop and commercialize novel ophthalmic products, has bought Tobradex ST (tobramycin/dexamethasone) and Natacyn (natamycin ophthalmic suspension) from Swiss giant Novartis (NOVN: VX). Financial terms of the transaction were not disclosed.

Tobradex is a fixed-dose topical antibiotic and corticosteroid combination indicated for certain steroid-responsive inflammatory ocular conditions. Natacyn is used to treat conditions such as fungal blepharitis and conjunctivitis.

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