Beyond Restasis: Allergan buys Oculeve dry eye device

Allergan, whose blockbuster Restasis (cyclosporine) is the only approved prescription dry eye drug in the US, is buying the device maker Oculeve for $125m to diversify the company's position in the market.

Allergan, whose blockbuster Restasis (cyclosporine) is the only approved prescription dry eye drug in the US, is buying the device maker Oculeve for $125m to diversify the company's position in the market.

There are several treatments in the clinic to treat dry eye disease, but candidates that win US FDA approval will enter a market dominated by Restasis, which achieved more than $1bn in annual sales for the first time in 2014

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