Alcon’s Acquisition of U.S. Commercialization Rights to Ophthalmic Eye Drop Simbrinza

Skadden, Arps, Slate, Meagher & Flom LLP advised Alcon on the deal.

Alcon, the global leader in eye care dedicated to helping people see brilliantly, has signed an agreement to acquire exclusive U.S. commercialization rights to Simbrinza® 1%/0.2% from Novartis. 

The acquisition of Simbrinza combined with the company’s existing over-the-counter (OTC) eye drops will give Alcon a strong ophthalmic eye drop portfolio and the opportunity to capitalize on both the large glaucoma market and the fast-growing dry eye preservative free and eye allergy markets. The company’s strong U.S. ophthalmology expertise and existing relationships with healthcare professionals (HCP) will help drive HCP and patient adoption.

Under terms of the agreement, Alcon will pay $355 million USD at closing, which is expected to occur in the second quarter of 2021.

The Skadden team included M&A partners Chadé Severin (Picture; Boston) and Faiz Ahmad (Wilmington), and associate Imran Malek (Boston); SEC Reporting and Compliance/M&A partner Brian Breheny (Washington, D.C.); Intellectual Property and Technology partner Resa Schlossberg (New York), and associates Brianna van Kan (New York) andKendall Ickes (New York); Tax partner Moshe Spinowitz (Boston) and associate Leo Greenberg (Boston); and Antitrust/Competition partner Maria Raptis (New York) and associate Tyler Schmitt (New York).

Involved fees earner: Faiz Ahmad – Skadden Arps Slate Meager & Flom; Brian Breheny – Skadden Arps Slate Meager & Flom; Leo Greenberg – Skadden Arps Slate Meager & Flom; Kendall Ickes – Skadden Arps Slate Meager & Flom; Imran Malek – Skadden Arps Slate Meager & Flom; Maria Raptis – Skadden Arps Slate Meager & Flom; Resa Schlossberg – Skadden Arps Slate Meager & Flom; Tyler Schmitt – Skadden Arps Slate Meager & Flom; Chadé Severin – Skadden Arps Slate Meager & Flom; Moshe Spinowitz – Skadden Arps Slate Meager & Flom; Brianna van Kan – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Alcon Inc;

Author: Martina Bellini