Théa Pharma Inc. (“Théa”), the US subsidiary of Europe’s leading independent pharmaceutical company specializing in the research, development, and commercialization of eye care products, today announced the completion of its previously announced acquisition of seven branded ophthalmic products from Akorn Operating Company LLC. The transaction expands Théa’s role as an important provider of products designed to meet the needs of eye care professionals across the United States.
“As we expand our U.S. presence, we are excited to embrace this popular portfolio of ophthalmic products that are widely recognized for the difference they make in patients’ lives,” said Susan Benton, Théa’s General Manager, and head of the US business. “The acquisition of these products further demonstrates Théa’s commitment and mission to serve the doctors that treat anterior segment and ocular surface conditions. Our skilled and knowledgeable sales force is well-positioned to increase awareness, drive growth, and expand accessibility for these widely utilized offerings.”
Under the deal, Théa acquired seven products including established glaucoma therapies Zioptan®, Cosopt®, Cosopt® PF, Betimol®, along with Azasite®, Akten®, and the ocular surface repair agent AcellFX™. Detailed product information can be found here.
“The closing of this transaction bolsters Théa’s mission to share innovative treatments across a range of therapeutic areas, including glaucoma, dry eye, allergy, and inflammation,” said Théa’s President, Jean-Frédéric Chibret. “It has been a pleasure to collaborate with Akorn throughout this process to ensure that its products are seamlessly transitioned and integrated into our portfolio and the marketplace. Ultimately, this will increase doctor and patient access to these brands — and to others, as our offerings grow.”
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Théa acquired the Akorn portfolio as part of a larger commitment to developing cutting-edge products for the U.S. market in areas of unmet need. Also this month, launch activities have begun for its evidence-based line of iVIZIA OTC products for dry eye and eyelid hygiene being distributed by Similasan Corporation, a Colorado-based company known for its natural products for eye, ear, sinus, and cold relief. In addition, Théa filed its first New Drug Application (NDA) with the FDA for a version of the glaucoma treatment latanoprost on February 18, 2022.
During a short post-closing transition period, Akorn will provide services to Théa, with respect to business operations and management. Business will continue as usual, with Théa providing updates as needed to all key stakeholders.
Source: Biospace