Allergan Readies Cost Cuts As Restasis Generics Approach

Allergan is working on a plan to reduce costs now that Restasis generics could hit the US market in 2018, but the company said sales growth for other drugs coupled with new product launches will boost revenue even if the dry eye drug loses its blockbuster status.

Allergan PLC spent much of its third quarter earnings call on Nov. 1 talking less about its financial results and more about expectations for 2018 when, following a crucial patent litigation loss, Restasis (cyclosporine) generics may enter the market.

The company expects its non-GAAP earnings per share (EPS) to take a hit in 2018 if generic versions of the blockbuster dry eye drug hit the market in 2017, but...

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