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StockNews.com
StockNews.com
Business
Dipanjan Banchur

Is This Eye Care Stock a Buy as It Strikes $770M Buyout?

Earlier this week, Switzerland-based eye care company Alcon Inc. (ALC) announced its entry into a definitive agreement to acquire Aerie Pharmaceuticals, Inc. (AERI) for $770 million.

Through this acquisition, ALC will add commercial products like Rocklatan and Rhopressa. It will also add AR-15512, a phase 3 product candidate for dry eye disease, and a pipeline of several clinical and preclinical ophthalmic pharmaceutical product candidates.

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