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Newly Approved OTC Eye Drop Could Boost Valeant Turnaround Outlook

 
• By Malcolm Spicer

Valeant's Bausch + Lomb subsidiary will have market exclusivity for Lumify, the first OTC brimonidine eye drop. It likely will provide a needed revenue boost as the parent firm navigates a turnaround after incurring more than $30bn debt during the turbulent period under previous management.

Bausch & Lomb Inc. plans in 2018 to launch the first US OTC ophthalmic solution containing brimonidine tartrate, emphasizing that it differs from the currently available nonprescription ingredient to relieve ocular redness by selectively constricting veins in the eye.

With market exclusivity for Lumify as the first OTC brimonidine eye drop, Bausch + Lomb likely will provide a significant revenue boost for parent firm Valeant Pharmaceuticals International Inc

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