Bausch Health takes option to buy all ophthalmology assets of Allegro
Canada’s Bausch Health (TSX: BHC) has entered into an agreement to acquire an option to purchase all ophthalmology assets of USA-based Allegro Ophthalmics, including global rights for Luminate (risuteganib), Allegro's lead investigational compound in retina, which is believed to simultaneously act on the angiogenic, inflammatory and mitochondrial metabolic pathways implicated in diseases such as intermediate dry age-related macular degeneration (AMD).
It is estimated that as many as 16 million people in the USA have AMD, and globally, the prevalence of AMD is expected to reach 196 million people worldwide this year and to increase to 288 million by 2040. Approximately 90% of people diagnosed with AMD have dry AMD, for which there are currently no treatments, says Bausch Health, whose share dipped 2.3% to $17.19 pre-market today.
Financial terms
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
More on this story...
Today's issue
Company Spotlight
More Features in Pharmaceutical
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze