Allergan to buy ForSight VISION5 in $95 million upfront deal
Ireland-headquartered Allergan (NYSE: AGN) has inked an agreement to acquire ForSight VISION5, a privately-held, clinical-stage biotechnology company focused on eye care.
Under the terms of the agreement, Allergan will acquire ForSight for a $95 million upfront payment and a launch milestone payment related to ForSight's lead development program, a peri-ocular ring designed for extended drug delivery and reducing elevated intraocular pressure (IOP) in glaucoma patients.
The transaction is subject to the satisfaction of customary closing conditions and is expected to be completed within 60 days.
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