chanelink logo
CHANELINK
Deutsch

330 million US dollars! This laser ophthalmic treatment developer has been acquired

233
2024-05-06 16:11:26
Übersetzung anzeigen

Recently, according to a report submitted by BioLight to the Tel Aviv Stock Exchange, Swiss American pharmaceutical and medical device giant Alcon Pharmaceuticals is acquiring Israeli medical technology company Belkin Vision.

It is reported that BioLight will sell its 4% stake in Belkin Vision, which may be worth up to $330 million based on the milestones established in the transaction.

Belkin Vision has developed a non-contact automatic glaucoma laser treatment method that can be widely used by all ophthalmologists. The Eagle laser treatment program under Belkin Vision is currently available for sale in the European Union and the United Kingdom. Last December, it also received FDA approval.

The company was founded in 2013 and has raised approximately $45 million so far, including funding from the European Union and the Israel Innovation Authority. Glaucoma is the main cause of blindness in 70 million people worldwide, with over 3.6 million patients diagnosed with glaucoma in the United States alone.

Alcon is a Swiss American pharmaceutical and medical device company with a current market value of over 38 billion US dollars.
BioLight's report states that all shares of Belkin Vision will be transferred to a wholly-owned subsidiary of Alcon, and upon completion of the transaction, BioLight will immediately receive $9 million in cash and additional compensation of up to $10.8 million based on achieving the milestone (sales target).

As of the end of 2023, BioLight's shareholding value in Belkin Vision was 3.6 million shekels (approximately $970000). There are several conditions that need to be met to complete the transaction, and the deadline is 120 days after the agreement is signed.

Source: OFweek

Ähnliche Empfehlungen

  • Ultraviolet spectroscopy: a leap in accuracy and precision under extremely low light levels

    Ultraviolet spectroscopy plays a crucial role in the study of electronic transitions in atoms and rovibronic transitions in molecules. These studies are crucial for the testing of fundamental physics, quantum electrodynamics theory, determination of fundamental constants, precision measurements, optical clocks, high-resolution spectroscopy supporting atmospheric chemistry and astrophysics, and str...

    2024-03-08
    Übersetzung anzeigen

  • New two-photon aggregation technology significantly reduces the cost of femtosecond laser 3D printing

    Scientists at Purdue University in the United States have developed a new type of two-photon polymerization technology. This technology cleverly combines two lasers and utilizes 3D printing technology to print complex high-resolution 3D structures while reducing femtosecond laser power by 50%. It helps to reduce the cost of high-resolution 3D printing technology, thereby further expanding its appl...

    2024-07-05
    Übersetzung anzeigen

  • Significant progress has been made in the manufacturing and measurement of EUV lithography light source collection mirrors

    Summary:To filter out infrared light from the driving light source in the extreme ultraviolet lithography (EUVL) light source system, a rectangular grating structure needs to be fabricated on the surface of the collection mirror. However, the collection mirror grating usually undergoes deformation during the manufacturing process, resulting in a decrease in filtering efficiency. The process errors...

    04-02
    Übersetzung anzeigen

  • Feasibility Study on Composite Manufacturing of Laser Powder Bed Melting and Cold Casting

    It is reported that researchers from the Technical University of Munich in Germany have reported a feasibility study on the composite manufacturing of EN AC-42000 alloy by combining laser powder bed melting and cold casting. The related research titled "Feasibility study on hybrid manufacturing combining laser based powder bed fusion and chill casting on the example of EN AC-42000 alloy" was publi...

    2024-06-06
    Übersetzung anzeigen

  • Nuts: Adhere to embrace three-color laser technology, Krypton three-color laser optical machine to solve the speckle phenomenon

    Nuts is once again making waves in the home projection market with the launch of a new home projection product, Nuts N1 Air tri-color laser projector at a historically low price.In the increasingly "volume" home projection market, unswervingly layout of three-color laser nuts, breaking out of their own world.Laser projection permeability increases, nut is on topIn the first half of 2023, the home ...

    2023-09-05
    Übersetzung anzeigen