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Business
Bausch & Lomb Wins Battle For Ista
by Lisa M. Jarvis
April 2, 2012
| A version of this story appeared in
Volume 90, Issue 14
Bausch & Lomb plans to expand its eye drug pipeline through the $500 million acquisition of Irvine, Calif.-based Ista Pharmaceuticals. Bausch & Lomb is stepping in after a failed hostile takeover of Ista by Valeant Pharmaceuticals. Last October, Valeant offered roughly $314 million for the eye-care company; it raised the offer in January but later abandoned it after failing to come to an agreement with Ista management. Bausch & Lomb says it already has a good working relationship with Ista because for years it has manufactured most of Ista’s U.S. product line.
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