London, UK – GHO Capital, the European specialist investor in healthcare, has entered into an agreement to acquire the European commercial operations of Nicox S.A. (“Nicox”) (Euronext Paris: FR0013018124, COX), the international ophthalmic company, and to acquire the entire issued share capital of Visufarma Spa (“Visufarma”), a private Italian ophthalmic company.
The combined platform will create a new pan-European ophthalmic specialty pharmaceutical company with sales and marketing infrastructure to commercialise a broad portfolio of products across international markets. Further details will be disclosed upon completion.
Under the terms of the Nicox transaction, which is subject to completion, Nicox will assign rights to its European marketed ophthalmology products, certain development candidates and certain in-licensing agreements. In return, Nicox will receive up to €26 million comprising upfront payments, a minority shareholding in the new company and shareholder loans, some of which are subject to future commercial milestones.
Visufarma is headquartered in Rome, employs over 70 professionals and currently markets 34 ophthalmology products through a direct sales force. Visufarma’s marketed portfolio covers the main disease areas impacting the front of the eye and includes pharmaceutical products, medical devices and nutraceuticals. Financial details of the acquisition, which is subject to completion, were not disclosed.