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Mentor sells IOL unit to CIBA Vision:

This article was originally published in Clinica

Executive Summary

CIBA Vision is to move into the intraocular lens business with the $38 million acquisition of Mentor's IOL sector. Earlier this month, the Santa Barbara, California-based company announced its intention to divest its $38 million ophthalmology business (see Clinica No 858, p 13). Mentor's IOL unit has annual sales of around $15.5 million. CIBA Vision, the eyecare unit of Basel, Switzerland-based Novartis, expects to employ some 185 Mentor employees.

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