Dry Eye Disease — Deal Benchmarks & Valuation
Market Analysis
Dry Eye Disease is one of the most actively transacted indications in ophthalmology licensing. Phase 2 deals for dry eye disease carry a median total deal value of $2.1B, with upfront payments ranging from $250M to $648M. The recommended deal structure allocates approximately 21% to upfront payments and 79% to milestones.
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