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Strike three: Allergan slides on potential Restasis generics

 
• By Mandy Jackson

Allergan came out swinging at the beginning of 2013, but the Irvine, California-based company faced its third strike of the year when the US FDA issued guidance for generic drug makers developing reduced-priced competition for the dry eye drug Restasis (cyclosporine).

Allergan came out swinging at the beginning of 2013, but the Irvine, California-based company faced its third strike of the year when the US FDA issued guidance for generic drug makers developing reduced-priced competition for the dry eye drug Restasis (cyclosporine).

Allergan fell 11.6% on 24 June – closing down $10.71 at $81.99 per share – after equity analysts began lowering their ratings for the company's stock based on FDA...

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