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Allergan Thinks It’s Ready To Withstand Restasis Generics

 
• By Joseph Haas

Allergan’s Restasis patent cliff is imminent: full-year sales of the dry eye product declined 14% and the firm expects US generic competition by Q2. But Botox growth is steady, Vraylar is poised to add a major indication and other pipeline assets may add growth.

Financial Report

Allergan PLC is coming to grips with imminent generic competition for Restasis in the US. As the loss of exclusivity looms for its second-biggest seller, the company is counting on continued growth for top-seller Botox in both therapeutic and aesthetic indications, an expected label addition for Vraylar in bipolar depression and the potential of several other late-stage pipeline assets.

The Dublin-headquartered firm took a hit in 2018, as fourth quarter net sales income decreased 5.7% to $4.1bn and full-year...

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