Astellas Pharma, Inc. has entered into a definitive agreement to acquire US bioventure Iveric Bio for a total equity value of approximately $5.9bn, in a bid to enhance the Japanese major’s strategic presence in the ophthalmology area.
Astellas Paying $5.9bn For Iveric To Boost Ophthalmology Presence
Eyes Post-Xtandi Revenues
Astellas set to acquire private US firm to add to its strategic capabilities in ophthalmology focus area, along with another revenue pillar as it prepares for Xtandi expiry.
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