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Novartis Hopes Encore Can Lead To Eye-Watering Presbyopia Success

 
• By Sten Stovall

Novartis is buying a privately-held US company started by an ex-Alcon executive which is developing an eye drop aimed at curing presbyopia, a condition affecting some 80% of people over the age of 45.

Having expressed the aim to drive its ophthalmology franchise back to growth, Novartis AG is now buying Encore Vision, Inc., a privately-held company in Fort Worth, Texas focused on developing a topical treatment for presbyopia that, if successful, would make corrective eye glasses unnecessary.

Novartis Dec. 20 said the planned acquisition would add a "first-in-class" disease modifying topical treatment for presbyopia to...

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