Novartis Eyes Gene Therapy Growth With Vedere Acquisition

Paying $150m Upfront

The Swiss major is paying up to $280m to buy Vedere Bio, which has developed photoreceptor-protein based optogenetic therapies that are delivered to the retina intravitreally to restore vision.

Eye in an high tech environment
Novartis expanding eye gene therapy presence • Source: Shutterstock

Having established itself as a main player in gene therapy, with Zolgensma for spinal muscular atrophy closing in on blockbuster status, Novartis AG is targeting inherited eye diseases with its acquisition of US optogenetics specialist Vedere Bio.

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