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Alcon Entering Refractive Laser Surgery Market Via $890 Mil. Summit Buy

This article was originally published in The Gray Sheet

Executive Summary

Alcon Labs' $890 mil. cash purchase of ophthalmic excimer laser manufacturer Summit Autonomous will place it on a level playing field with competitor Bausch & Lomb, which already competes in the eye laser market. The definitive deal was announced May 26.

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