chanelink logo
CHANELINK
Ελληνικά

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

396
2024-05-06 16:11:26
Δείτε τη μετάφραση

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

Σχετικές προτάσεις

  • Dr. Torsten Derr will be appointed as the CEO of SCHOTT Group on January 1, 2025

    November 25, 2024, Mainz, GermanyStarting from January 1, 2025, Dr. Torsten Derr will take over as the CEO of SCHOTT Group.The new CEO of SCHOTT Group previously served as the CEO of SGL Carbon SE.Starting from January 1, 2025, Dr. Torsten Derr will officially assume the position of CEO of SCHOTT Group. SCHOTT Group announced in October 2024 that Dr. Torsten Derr will succeed Dr. Frank Heinrich, w...

    2024-11-27
    Δείτε τη μετάφραση

  • Using laser controlled filaments in vanadium dioxide to enhance neural morphology calculations

    In a new "Progress in Science" study, scientists from the University of Science and Technology of China have developed a dynamic network structure for neural morphology calculations using laser controlled conductive wires.Neuromorphic computing is an emerging research field that draws inspiration from the human brain to create efficient and intelligent computer systems. The core of neuromorphic co...

    2023-10-13
    Δείτε τη μετάφραση

  • Shanghai Optics and Machinery Institute has made progress in the research of new terahertz sources based on Yb lasers

    Recently, the State Key Laboratory of Intense Field Laser Physics of the Chinese Academy of Sciences Shanghai Institute of Optics and Fine Mechanics has made new progress in generating intense field terahertz waves based on Yb laser pumped organic crystals. The relevant research results were published in Applied Physics Letters under the title "Efficient strong field THz generation from DSTMS crys...

    2024-04-09
    Δείτε τη μετάφραση

  • Tianjin University's Photoacoustic Remote Sensing Microscopy Technology Breakthrough New Heights

    Recently, Professor Tian Zhen's team from Tianjin University has made a breakthrough in the field of photoacoustic remote sensing microscopy technology and successfully developed a new type of non-destructive testing method. This technology uses Kaplin high-power femtosecond laser as the key light source, further optimizing the solution to the internal flaw detection limitations of inverted chips,...

    2024-04-16
    Δείτε τη μετάφραση

  • Japanese and Australian teams use lasers to search for space debris the size of peanuts

    It is reported that Japanese startup EX Fusion will soon reach an agreement with Australian space contractor Electric Optical Systems to conduct on-site testing of technology for tracking small space debris orbiting Earth.Image source: LeolabsEX Fusion, headquartered in Osaka, specializes in the laser business with the goal of achieving commercial laser fusion reactors. So far, nuclear fusion rese...

    2023-10-10
    Δείτε τη μετάφραση