July 6 (Reuters) - Bausch + Lomb (BLCO.TO) acquired Johnson & Johnson's (JNJ.N) eye and contact lens drops brand Blink for $106.5 million, marking its second deal in two weeks to bolster the contact lens maker's portfolio of eye care products.
J&J's Blink portfolio of over-the-counter drugs include several eye drops and contact lens rewetting drops that are used to relieve dry eye symptoms, Bausch + Lomb said on Thursday.
Last week, Bausch + Lomb struck a $1.75 billion deal with Swiss drugmaker Novartis (NOVN.S) to buy several eye-care products, including anti-inflammation eye drop Xiidra.
The company is in the process of being spun out from Bausch Health Companies (BHC.TO).
The global dry eye disease market is expected to be worth around $5 billion, according to Morningstar analyst Keonhee Kim.
Persons:
Johnson, Bausch, Lomb, Keonhee Kim, Mariam Sunny, Savio D'Souza, Shinjini
Organizations:
Swiss, Novartis, Bausch Health, U.S . Food, Drug Administration, Thomson
Locations:
U.S, United States, Bengaluru