Astellas to acquire eye drug developer Iveric Bio for $5.9B

Astellas to acquire eye drug developer Iveric Bio for $5.9B

Source: 
BioPharma Dive
snippet: 

Japanese drugmaker Astellas Pharma on Sunday agreed to acquire Iveric Bio for about $5.9 billion, betting that a medicine the biotechnology company has developed for a common type of vision loss can help it build an eye drug business.