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Otsuka Pharmaceutical Co. has agreed to acquire Neurovance, a privately held clinical stage pharmaceutical company focused on attention-deficit hyperactivity disorder and related disorders. Under the terms of the agreement, Otsuka will provide an estimated $100 million in upfront payments at closing, up to $150 million in additional payments contingent on achievement of development and approval milestones.

Vertex Pharmaceuticals has agreed to pay up to $250 million for Concert Pharmaceuticals’ cystic fibrosis program. The transaction includes the research and preclinical cystic fibrosis programs of an experimental drug that modifies Kalydeco, one of Vertex’s existing cystic fibrosis treatments.

Johnson & Johnson has completed the acquisition of Abbott Medical Optics for $4.325 billion. The transaction includes ophthalmic products in three areas: cataract surgery, laser refractive surgery and consumer eye health. The product lines will be consolidated under the brand name Johnson & Johnson Vision.

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