Alembic Pharmaceuticals has received the Food and Drug Administration’s approval for azelastine hydrochloride ophthalmic solution, 0.05%.The product is the generic of Mylan’s Optivar.Azelastine hydrochloride ophthalmic solution 0.05% is indicated for the treatment of itching ofthe eye associated with allergic conjunctivitis.The product had a market value of roughly $8.5 million for the 12 months ended December 2018, according to IQVIA.