Medtech Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

B+L gains option to acquire joint venture Technolas

This article was originally published in Clinica

Executive Summary

Bausch + Lomb now has the option to purchase in full its joint venture, Technolas Perfect Vision (TPV), which it set up with German femtosecond laser manufacturer 20/10 Perfect Vision. Under the terms of the agreement, B&L will acquire all outstanding and unowned shares of TPV for up to €450m ($622m), based on the achievement of certain milestones and earnouts. TPV was formed in 2009 to develop excimer and femtosecond laser technology for treating presbyopia and restoring the ability to accommodate and focus on near objects (www.clinica.co.uk, 1 May 2009). In March, B&L gained global distribution rights to a femtosecond laser for eye surgery developed by TVP for an undisclosed fee (www.clinica.co.uk, 28 March 2011). TPV has already filed a 510(k) application with the US FDA for the laser, and anticipates approval "in the coming months", a B+L spokesperson told Clinica. It also plans to CE mark the device for sale in Europe by the end of the year.

Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

MT097864

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel