Bausch Health seeks to buy Allegro’s ophthalmology assets

Bausch Health has entered into an agreement with Allegro Ophthalmics to acquire an option to purchase all of Allegro’s ophthalmology assets, according to a press release.
The option includes global rights for Luminate (risuteganib), an investigational retina compound that acts on angiogenic, inflammatory and mitochondrial metabolic pathways in dry age-related macular degeneration. It also includes ALG-1007, a topical integrin regulator under investigation for the treatment of dry eye disease outside of the U.S.
“As part of the ongoing transformation of Bausch Health, we continue to