Acumen Health to acquire Avenova brand from NovaBay Pharmaceuticals, no terms

Acumen Health Holdings announced that its subsidiary, PRN Physician Recommended Nutriceuticals, has entered into a definitive asset purchase agreement to acquire the assets of the Avenova brand and business from NovaBay Pharmaceuticals. The Brand offers several products for ocular health including cleansing sprays, absorbent wipes, and heated eye masks. The Brand’s leading product, the Avenova Lid & Lash Cleansing Spray, is a hypochlorous acid spray utilized to promote eye hygiene. Avenova products are sold through the direct-to-consumer, professional, and retail pharmacy channels. The transaction is anticipated to close in the fourth quarter of 2024, subject to the satisfaction of customary closing conditions.