Pharma BD Deal Intelligence

Allergan plc / ForSight VISION5, Inc.

2016 · Acquisition/Merger · $95M · Complete

WRONG BY 69 POINTS

Allergan's $95M bet on ForSight's bimatoprost ring never cleared Phase 2 noninferiority and was quietly shelved — a near-total write-off.

Full analysis, sources & comparables →
Top 25 most overhyped deals we track

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Aug 11, 2016 Genetic Engineering & Biotechnology News Bullish

Allergan CEO Brent Saunders framed the acquisition as building on 'Allergan's rich history and deep commitment to eye-care innovation,' with the technology…

Aug 12, 2016 American Academy of Ophthalmology Neutral

Allergan to acquire ForSight VISION5 for $95 million, gaining a preservative-free periocular ring delivering bimatoprost over six months to reduce intraocular…

Aug 15, 2016 Zacks Equity Research Bullish

Zacks framed the acquisition as a strategic boost to Allergan's glaucoma pipeline alongside the company's broader eye-care franchise; deal closed within…

Source summaries from our enrichment pipeline; follow links for originals.

All 8 sources with sentiment breakdown →

Allergan acquired ForSight VISION5, a clinical-stage eye care biotech, for ~$95M all-cash. Lead asset was a sustained-release bimatoprost periocular ring for glaucoma/ocular hypertension. Strengthened Allergan's eye care pipeline alongside Restasis franchise.

Did it work? Outcome assessment

Allergan's $95M bet on ForSight's bimatoprost ring never cleared Phase 2 noninferiority and was quietly shelved — a near-total write-off.

Strategic verdict
Failed to Achieve
Pipeline outcome
Assets Terminated

Key facts

Related deals — scored

DealYearValueOutcome
Allergan plc / ForSight VISION5, Inc. (this deal)2016$95M17
Allergan plc / Merck & Co., Inc. (CGRP receptor antagonist program)2015$250M91
Allergan plc / SkinMedica, Inc.2012$375M55
Allergan plc / Inamed Corporation2005$3.2B50
Allergan plc / Oculeve, Inc.2015$250M33
Allergan plc / Zeltiq Aesthetics, Inc.2017$2.5B32
Allergan plc / Kythera Biopharmaceuticals, Inc.2015$2.1B23

Compare all 7 side-by-side →

See the full interactive analysis, sources & comparables →