chanelink logo
CHANELINK
Polski

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

703
2024-05-06 16:11:26
Zobacz tłumaczenie

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

Powiązane rekomendacje

  • Laser assisted detection of past climate in ice cores

    Around the poles, ice accumulated over millions of years can reach depths of several kilometers. The undisturbed deep ice preserves information about the past. The air bags and particles trapped in the ice tell scientists what the atmosphere used to be like. This has aroused great interest among paleoclimatologists in glacier ice cores.By regularly sampling the ice core at its depth, they can reco...

    2023-11-01
    Zobacz tłumaczenie

  • Shanghai Institute of Optics and Fine Mechanics has made progress in the field of high-intensity laser cracking of high-density polyethylene

    Recently, a team from the National Key Laboratory of Ultra strong Laser Science and Technology at the Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences, collaborated with the Arctic University of Norway (UiT) to make progress in the efficient cracking of high-density polyethylene (HDPE) using strong laser molecular bond breaking technology. The research results were publ...

    06-16
    Zobacz tłumaczenie

  • Progress has been made in the development of anti resonant hollow core fiber Raman probes with low background noise at Shanghai Optics and Machinery Institute

    Recently, the research team of the Special Glass and Fiber Research Center of the Advanced Laser and Optoelectronic Functional Materials Department of the Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences, aimed at the demand for in-situ detection of Raman signals, expanded the functions of the laboratory commercial Renishaw Invia confocal micro Raman spectrometer by usi...

    2024-05-22
    Zobacz tłumaczenie

  • 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
    Zobacz tłumaczenie

  • Leica Measurement System Development First Person Laser Scanner

    Leica Geosystems, a subsidiary of Hexagon, has developed Leica BLK2GO PULSE, its first person laser scanner, which combines LiDAR sensor technology with the original Leica BLK2GO shape. The technology will be released in early 2024.The scanner provides users with a fast, simple, and intuitive first person scanning method that can be controlled through a smartphone and provides real-time full color...

    2023-10-19
    Zobacz tłumaczenie