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Business

Henry Khederian

Why Kala Pharmaceuticals Shares Are Rising Today

Kala Kala Pharmaceuticals Nasdaq

Kala Pharmaceuticals Inc (NASDAQ:KALA) shares are trading higher after the company said it would sell its EYSUVIS and INVELTYS treatments for $60 million.

Kala Pharmaceuticals is selling its commercial portfolio and related intellectual property assets to Alcon. Kala says the company will receive $60 million in an upfront payment and is eligible to receive additional sales-based milestone payments.

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