Viatris (NSDQ:VTRS) has received FDA approval for the first generic of Restasis (cyclosporine ophthalmic emulsion) eye drops. FDA first approved the drug, which was developed by Allergan, in 2003. Now marketed by AbbVie (NYSE:ABBV), Restasis sales are on the order of $1.2 billion annually. AbbVie recently noted in its projections for 2022 that it expected…
FDA approves first eye drop for presbyopia
AbbVie (NYSE:ABBV) subsidiary Allergan has received FDA approval for Vuity (pilocarpine HCl ophthalmic solution), a novel eye drop for treating presbyopia. This common age-related condition leads millions of middle-aged people to acquire reading glasses. Vuity is a once-daily prescription eye drop. Presbyopia, or age-related blurry near vision, can be diagnosed through a basic eye exam…