Feb 21 (Reuters) - Valeant VRX.TO
* Valeant Pharmaceuticals (NYSE:VRX) and EyeGate enter into licensing agreement for EGP-437 combination product in post-operative pain and inflammation in ocular surgery patients
* Valeant - EyeGate received an upfront cash payment and has potential to receive certain development-based milestone payments
* EyeGate received an upfront cash payment and has potential to receive certain development-based milestone payments
* Valeant - EyeGate will receive royalties on Valeant's net sales of product
* Additionally, EyeGate will receive royalties on Valeant's net sales of product
* Valeant - Valeant has right to further develop product outside of U.S., at its cost
* Says EyeGate will be responsible for continued development of EyeGate II delivery system in U.S. Source text for Eikon: ID:nCNWHtGwPa Further company coverage: VRX.TO