Harrow closes TYRVAYA acquisition for $30 million cash, up to $100 million total
Harrow completed its acquisition of worldwide rights to TYRVAYA nasal spray from Viatris on October 1, 2026, excluding Japan, paying $30 million in cash at closing funded from cash on hand. The company may also pay up to $70 million in contingent milestone payments tied to TYRVAYA net sales, and it expects TYRVAYA to contribute more than $30 million in revenue in 2027.
Key points
- Closing payment of $30.0 million in cash, funded with cash on hand, with the price fixed after the net working capital adjustment was eliminated
- Up to $70.0 million in contingent milestone payments tied to net sales over twelve-month periods ending on or before December 31, 2029
- Viatris keeps Japanese commercial rights and will pay Harrow tiered royalties on Japanese net sales
- Harrow expects approximately 40 Viatris personnel to join its Ocular Surface commercial team in the fourth quarter of 2026
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.