Bayer will acquire ophthalmic drug developer Perfuse Therapeutics for up to $2.45 billion.

Mars Finance News, May 6 — Bayer announced on Wednesday that it has agreed to acquire Perfuse Therapeutics, a pharmaceutical company specializing in ophthalmic disease drug development, in a deal valued at up to $2.45 billion. Bayer stated that Perfuse’s main candidate drug is an experimental therapy for glaucoma and diabetic retinopathy, currently in mid-stage clinical trials. Bayer said it will pay $300 million upfront, with the remaining amount contingent on achieving additional development, regulatory, and commercialization milestones. (Wide-angle Observation)

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