Advertisement
Canada markets open in 2 hours 45 minutes
  • S&P/TSX

    22,011.72
    +139.76 (+0.64%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CAD/USD

    0.7307
    -0.0013 (-0.18%)
     
  • CRUDE OIL

    82.92
    -0.44 (-0.53%)
     
  • Bitcoin CAD

    90,872.30
    +121.75 (+0.13%)
     
  • CMC Crypto 200

    1,433.44
    +9.34 (+0.66%)
     
  • GOLD FUTURES

    2,329.90
    -12.20 (-0.52%)
     
  • RUSSELL 2000

    2,002.64
    +35.17 (+1.79%)
     
  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     
  • NASDAQ futures

    17,708.00
    +101.25 (+0.58%)
     
  • VOLATILITY

    15.82
    +0.13 (+0.83%)
     
  • FTSE

    8,086.05
    +41.24 (+0.51%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • CAD/EUR

    0.6834
    -0.0002 (-0.03%)
     

FDA raises concerns over Valeant's eye drop

A sign for the headquarters of Valeant Pharmaceuticals International Inc is seen in Laval, Quebec June 14, 2016. REUTERS/Christinne Muschi (Reuters)

(Reuters) - Valeant Pharmaceuticals International said on Friday U.S. regulators have raised concerns over a new eye drop manufactured at a Bausch + Lomb facility in Florida. The U.S. Food and Drug Administration, in a complete response letter (CRL) regarding the eye drop for a type of glaucoma, raised concerns over Current Good Manufacturing Practice at the unit. The letter did not identify any efficacy or safety issues with the eye drop, a latanoprostene bunod ophthalmic solution. Valeant said it intends to meet the regulators and resolve these concerns, the company said in a statement. Eye care unit Bausch + Lomb is one of Valeant's core assets and a franchise to build on, billionaire investor and Valeant board member Bill Ackman said last week. (Reporting by Ismail Shakil in Bengaluru; Editing by Sunil Nair)