Sept 21 (Reuters) - Bausch Health Companies Inc BHC.TO :
* BAUSCH HEALTH TO ACQUIRE OPTION TO PURCHASE ALL OPHTHALMOLOGY ASSETS OF ALLEGRO OPHTHALMICS
* BAUSCH HEALTH COMPANIES INC - OPTION PAYMENT TOTALING $50 MILLION WOULD BE MADE IN TWO TRANCHES
* BAUSCH HEALTH COMPANIES INC - AGREEMENT INCLUDES GLOBAL RIGHTS FOR RISUTEGANIB, AN INVESTIGATIONAL TREATMENT
* BAUSCH HEALTH COMPANIES INC - ALLEGRO INTENDS TO RAISE ADDITIONAL FUNDING
* BAUSCH HEALTH COMPANIES INC - ALLEGRO INTENDS TO RAISE ADDITIONAL FUNDING, FOLLOWING WHICH, CO WILL MAKE A SECOND PAYMENT OF $40 MILLION
* BAUSCH HEALTH COMPANIES INC - IF BAUSCH HEALTH ELECTS TO EXERCISE OPTION, ADDITIONAL PAYMENTS WILL BE PAYABLE