The Brent Saunders way: Allergan pays $95M for its next stepping stone to a bigger pipeline
Allergan has picked up another one of its “stepping stone” acquisitions. The deal-hungry company bagged ForSight VISION5 and its glaucoma technology for a $95 million upfront and an unspecified launch milestone.
In return for its money Allergan gets a new tech – a preservative-free bimatoprost ocular insert – that has passed its Phase II challenge in proving its ability to reliably lower intraocular pressure for a period of time. It’s being set up as a therapy for patients who have a hard time with eye drop remedies. And Allergan will be buying the Menlo Park, CA-based biotech as it sits on the threshold of Phase III – which is its sweet spot in R&D.
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