Viatris Sharpens Focus with Divestiture, Hikes 2026 Outlook
Harrow Inc. (NASDAQ: HROW ) on Thursday agreed to acquire Tyrvaya (varenicline solution) nasal spray 0.03 mg from Viatris Inc. (NASDAQ: VTRS ). Viatris To Sell Tyrvaya To Harrow In Up To $100 Million Deal Tyrvaya is a cholinergic agonist indicated for signs and symptoms of dry eye disease and is currently approved in the U.S., China, and Taiwan, with marketing authorization applications pending in other countries. Harrow will pay $30 million in cash and up to $70 million in contingent milestone payments tied to Tyrvaya’s net sales, for a potential total consideration of up to $100 million. The transaction is expected to close in the second half of 2026. Read Also: RFK Jr. Wants Fewer Americans On Antidepressants — Here's Why The Debate Is Exploding Viatris Q2 Performance Viatris on Thursday reported second-quarter adjusted earnings of 69 cents per share, beating the consens...
Harrow Inc. 03 mg from Viatris Inc. (NASDAQ: VTRS ). , China, and Taiwan, with marketing authorization applications pending in other countries.
Harrow will pay $30 million in cash and up to $70 million in contingent milestone payments tied to Tyrvaya’s net sales, for a potential total consideration of up to $100 million. The transaction is expected to close in the second half of 2026. Read Also: RFK Jr. Wants Fewer Americans On Antidepressants — Here's Why The Debate Is Exploding Viatris Q2 Performance Viatris on Thursday reported second-quarter adjusted earnings of 69 cents per share, beating the consensus of 60 cents.
675 billion. 5% on an operational basis), primarily driven by new product sales in Developed Markets and strong growth in Greater China. “Our second-quarter results reflect another quarter of strong execution and reinforce the momentum we’re building across our business,” said Scott A. Smith, CEO, Viatris.
” In the company earnings conference call, Viatris said the Tyrvaya deal will help it focus on high-potential growth areas, particularly in complex generics and transdermal products, as well as continued investment in the Greater China market. Viatris Raises 2026 Earnings And Sales Guidance “Our strong first-half results give us the confidence to raise our full-year guidance. We expect a more balanced operating environment in the second half of the year, and we remain focused on disciplined execution, investing behind our future growth drivers and creating long-term value for patients and shareholders,” Smith said. 44.
783 billion. 91 at the time of publication on Thursday, according to Pro data. Read Also: SpaceX, Tesla Confirm Terafab Site as Chip Demand Outruns Global Supply Image via Shutterstock