M&A
confidence medium
sentiment positive
materiality 0.85
Harrow secures exclusive U.S. rights to two ophthalmology biosimilars from Samsung Bioepis
HARROW, INC.
- Gains exclusive U.S. commercial rights to BYOOVIZ (ranibizumab-nuna) and OPUVIZ (aflibercept-yszy), FDA-approved biosimilars of Lucentis and Eylea.
- Consideration includes one-time upfront payment, net-sales milestone payments, and a share of U.S. net sales (amounts not disclosed).
- Transition of commercial rights from Biogen to Samsung expected by end of 2025; Harrow will then assume full commercialization.
- U.S. retinal disease treatment market valued at ~$9B; products target Wet AMD, Macular Edema, DME, and Diabetic Retinopathy.
- CEO Mark Baum calls the acquisition transformational, reinforcing Harrow's commitment to affordable alternatives in eyecare.