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OSN talks with Allergan CEO about Pfizer merger, days ahead
The impact of a Pfizer-Allergan merger on the world of U.S. eye care is a matter of speculation.Announced in November 2015, the agreement by the boards of directors of both companies allows for the smaller Ireland-based Allergan to acquire the larger U.S.-based Pfizer, putting Pfizer squarely into the ophthalmic space where it otherwise has a waning presence. The agreement is valued at $160 billion. Allergan’s legacy-rich products, including Restasis (cyclosporine ophthalmic emulsion 0.05%) and Lumigan (bimatoprost ophthalmic solution 0.01%), would bolster Pfizer’s product line.