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What is GoldenEye Chloramphenicol Eye Ointment What is GoldenEye Chloramphenicol Eye Ointment GoldenEye Chloramphenicol Eye Ointment can be used to treat bacterial conjunctivitis thanks to the active ingredient chloramphenicol, a broad-spectrum antibiotic. Chloramphenicol works by preventing bacteria from producing proteins that are essential to them. Without these proteins, the bacteria cannot grow, replicate and increase in numbers.