These ophthalmic products have received approval from the FDA. Credit: Amanda Dalbjörn / Unsplash.

Harrow has signed a binding agreement to acquire exclusive US commercial rights to five ophthalmic products of Novartis.

These products, namely, Ilevro, Vigamox, Maxidex, Nevanac and Triesence, have received approval from the Food and Drug Administration (FDA).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to the deal, Novartis will receive a one-time payment of $130m from Harrow at closing.

Novartis is also eligible to get a milestone payment of up to another $45m based on Triesence’s commercial availability. 

This payment is anticipated in the second half of next year.

A non-steroidal, anti-inflammatory eye drop, Ilevro (nepafenac ophthalmic suspension) 0.3% is intended to treat cataract surgery-linked pain and inflammation.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Nevanac (nepafenac ophthalmic suspension) 0.1% is also a non-steroidal, anti-inflammatory eye drop approved for the same indication.

A fluoroquinolone antibiotic eye drop, Vigamox (moxifloxacin hydrochloride ophthalmic solution) 0.5%, is indicated to treat bacterial conjunctivitis.

Maxidex (dexamethasone ophthalmic suspension) 0.1% is a steroid eye drop intended to treat steroid-responsive inflammatory ailments of the palpebral and bulbar conjunctiva, cornea and the globe’s anterior segment.

Triesence (triamcinolone acetonide injectable suspension) 40mg/ml is a steroid injection for treating specific ophthalmic ailments and visualising during vitrectomy.

Novartis will market these products in the US region during the NDA transfer period of six months and pay the net profits to Harrow.

On concluding the NDA transfer period, Harrow will take over the complete US market operations and commence works to manufacture the products through third parties.

Outside of the US region, Novartis will have sole rights to the products.

Subject to necessary clearances and closing conditions, this deal is anticipated to conclude in the first quarter of next year.

The acquisition is expected to extend and broaden the branded pharmaceutical product portfolio and the potential of Harrow to serve the ophthalmic surgical and acute care markets in the US region. 

Harrow chairman and CEO Mark Baum said: “We believe the addition of these five products to our ophthalmic pharmaceutical portfolio, which includes newly FDA‑approved Iheezo, Maxitrol 3.5mg/10,000 units/0.1%, Iopidine 1%, and the market-leading ImprimisRx compounded formulary, will be of tremendous value to our customers – giving them more choices and flexibility when considering the best treatment options for their patients and the specific needs of their practices.”