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Novartis buys Takeda’s dry eye drug for $3.4 billion

Swiss drugmaker Novartis AG said on Wednesday it agreed to acquire Takeda Pharmaceutical Company Ltd’s dry eye drug Xiidra for $3.4 billion, as well as potential milestone payments of up to $1.9 billion, to expand its portfolio of eye care medicines.

Original source: http://feeds.reuters.com/~r/reuters/INhealth/~3/WydUArhCEbw/novartis-buys-takedas-dry-eye-drug-for-3-4-billion-idINKCN1SE2UW

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