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Takeda Offloads Xiidra As Expected, For $3.4bn Upfront To Novartis

 
• By Ian Haydock

As widely anticipated, Takeda has reached an agreement to divest an ex-Shire ophthalmology drug, as it streamlines the combined post-acquisition business to focus on core therapeutic pillars.

Blood shot eyes
Novartis, Takeda Agree Major Dry Eye Deal • Source: Shutterstock

Novartis AG has entered into an agreement to fully acquire from Takeda Pharmaceutical Co. Ltd. the ex-Shire PLC dry eye drug Xiidra (lifitegrast ophthalmic solution 5%) and related assets, in a widely anticipated divestment move by the Japanese firm as it rationalizes its combined portfolio following the $62bn acquisition of Shire earlier this year.

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