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Allergan gets a boost from eye drug

Friday, July 25 14:02:55

Allergan, which employs around 900 people in Ireland, said today that European Union regulators had recommended use of its eye drug Ozurdex be extended to treat patients with diabetic macular edema.

The European Medicines Agency's recommendation for approval of the extension of the drug's use comes one month after the U.S. Food and Drug Administration granted this broader use.

The extension involves allowing Allergan's sustained-release biodegradable steroid implant to be used to treat diabetic macular edema in adult patients who have an artificial lens implant or are scheduled for cataract surgery.

The drug is approved to treat macular edema and non-infectious ocular inflammation.

A final decision from the European Commission on the use is expected within a few months, the company said.

Allergan is fighting a hostile bid from Valeant Pharmaceuticals International Inc.

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