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Bausch + Lomb Buy Vaults Valeant Into Consumer Eye Care Space

This article was originally published in The Tan Sheet

Executive Summary

Bausch + Lomb retains its name and becomes a division of Valeant in the $8.7 billion acquisition expected to close in the 2013 third quarter.

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Lumify eye drops, the first OTC brimonidine tartrate ophthalmic solution 0.025% in the US, will reach stores in late May. Corporate name change, says CEO Joseph Papa, shows Valeant is "beginning to turn the page away from legacy issues that have been headwinds over the past few years."

Valeant Launches Lumify OTC Eye Drops With Vision Of Better Days As Bausch

Lumify eye drops, the first OTC brimonidine tartrate ophthalmic solution 0.025% in the US, will reach stores in late May. Corporate name change, says CEO Joseph Papa, shows Valeant is "beginning to turn the page away from legacy issues that have been headwinds over the past few years."

Newly Approved OTC Eye Drop Could Boost Valeant Turnaround Outlook

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