Press Release

Oyster Point Pharma to Be Acquired by Viatris

November 9, 2022

New York – November 9, 2022 – Cooley advised Oyster Point Pharma, a top ophthalmology-focused biopharmaceutical company, on its definitive agreement to be acquired by global healthcare company Viatris. Partners Mika Reiner Mayer, Brandon Fenn, Div Gupta and Ian Nussbaum led the Cooley team advising Oyster Point Pharma.

Under the terms of the agreement, Viatris will commence a tender offer to purchase all outstanding shares of Oyster Point Pharma for $11 per share in cash at closing, plus a contingent value right for a potential cash payment of up to $2 per share upon achievement of specified performance targets by Oyster Point Pharma for full year 2022. The transaction will serve as the cornerstone of Viatris’ capabilities in ophthalmology and aligns with a shared vision to improve patient access to sustainable and high-quality medicine.

Oyster Point Pharma is a commercial-stage biopharmaceutical company focused on the discovery, development and commercialization of first-in-class pharmaceutical therapies to treat ophthalmic diseases.

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