chanelink logo
CHANELINK
Polski

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

396
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

  • Assisting Gas Mixing to Promote the Development of Fiber Laser Technology

    Just ten years ago, fiber laser cutting machines were considered experts in thin plates. The stores quickly realized that they had to invest in them to compete, at least by reducing their instrument materials. For high-quality sheet metal cutting, CO2 laser is still the way to go. Of course, fiber lasers can cut thicker blanks, but the quality is not very good, and their speed advantage almost dis...

    2024-01-11
    Zobacz tłumaczenie

  • The market accounts for up to 70%! Meere is continuously expanding its market layout

    According to Korean media reports, Meere, a semiconductor and display equipment manufacturer from South Korea, is continuously expanding its presence in the high stack semiconductor market, including its HBM business.In fact, Meere itself is the world's top manufacturer of display edge grinding mechanisms, with a market share of up to 70%. It is based on its accumulation of display microfabricatio...

    2024-06-25
    Zobacz tłumaczenie

  • Particles have "fuzzy memory" in solid-state batteries

    When you shoot a laser at a solid-state battery, you find that the particles inside are not thrown into the chaos. This surprised a team of researchers from the United States and the United Kingdom.The team discovered the persistence of memory in ions that help move electricity around solid-state batteries.This discovery has improved the understanding of solid-state batteries, which are candidate...

    2024-02-18
    Zobacz tłumaczenie

  • Chinese researchers have developed for the first time a room temperature HoYLF thin film laser

    In a study published in Optics Express, the research team led by Professor Fu Yuxi of the Xi'an Institute of Optics and Precision Mechanics (XIOPM) of the Chinese Academy of Sciences developed the room temperature holmium doped lithium yttrium fluoride (Ho: YLF) composite thin slice laser for the first time, which can achieve high efficiency and high-quality CW laser output.Laser devices operating...

    02-21
    Zobacz tłumaczenie

  • UK to Build World's Largest Power Laser: Accelerating the Use of Nuclear Fusion and Promising to Obtain Clean Energy

    According to reports, British scientists will build the world's largest power laser. They hope that this £ 85 million (approximately $103 million) device can accelerate the use of nuclear fusion and potentially obtain clean energy, which is inexhaustible.According to the report, the "Vulcan" 20-20 laser will be built in Havel, Oxfordshire, and it will produce a laser brightness that is 24 t...

    2023-10-09
    Zobacz tłumaczenie