Deal Watch: Bausch Health Takes Option To Allegro Dry AMD Candidate

Bausch seeks to add eyecare assets in Allegro deal. AstraZeneca hopes preclinical PCSK9 inhibitor from Dogma can compete with dyslipidemia leaders. Exelixis options ADC candidates from Catalent and NBE.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Biomedtracker.

Ahead of the planned spin-off of its Bausch + Lomb division,Bausch Health Companies Inc. is seeking to expand its eyecare therapy offerings, paying $10m up front for an option to license a Phase II integrin-targeting oligopeptide for dry age-related macular degeneration (AMD) discovered and being developed by privately held Allegro Ophthalmics, LLC. The deal gives Bausch option rights to Allegro’s full pipeline of ophthalmology candidates, including Luminate (risuteganib), in Phase II for dry AMD

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