chanelink logo
CHANELINK
Русский

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

701
2024-05-06 16:11:26
Посмотреть перевод

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

Связанные рекомендации

  • Xi'an Institute of Optics and Fine Mechanics has made new progress in the field of metasurface nonlinear photonics

    Recently, the Research Group of Nonlinear Photonics Technology and Applications in the State Key Laboratory of Transient Optics and Photonics Technology of Xi'an Institute of Optics and Fine Mechanics has made important progress in the field of super surface nonlinear photonics. Relevant research results were published in the internationally famous journal Nanoscale Horizons. The first author of t...

    2024-09-27
    Посмотреть перевод

  • Multiple international laser companies continue to increase investment in the Chinese market

    In early spring of 2025, China's laser industry once again attracted the attention of global laser giants, ushering in a new wave of international investment boom.After several global laser giants accelerated their layout in China in 2024, in February 2025, Carl Zeiss from Germany and Bystronic from Switzerland, two global giants in the optical and laser fields, also announced significant expansio...

    02-15
    Посмотреть перевод

  • Scene Cinemas Unveils Cinematic Changes with IMAX with Laser Upgrade

    Under the visionary leadership of acclaimed producer Hisham Abdel Khalek, Scene Cinemas proudly presents a revolutionary upgrade to its multiplex – IMAX with Laser. This cutting-edge upgrade, featuring a next-generation laser projection and multi-channel sound system exclusively for IMAX theaters, promises an unmatched cinematic journey.IMAX with Laser has a state-of-the-art 4K laser project...

    2023-12-07
    Посмотреть перевод

  • Patterned waveguide enhanced signal amplification within perovskite nanosheets

    Researchers at Busan National University, led by Kwangseuk Kyhm, Professor of Ultra Fast Quantum Optoelectronics from the Department of Optics and Mechatronics, are enhancing signal amplification inside cesium bromide lead perovskite nanosheets through patterned waveguides.Perovskite is a highly attractive material in solar cell applications, but its nanostructure is now being explored as a new la...

    2024-01-10
    Посмотреть перевод

  • Laser link between European Space Agency containers and space

    The latest expansion of the European Space Agency's laboratory is essentially portable: this European Space Agency's mobile optical ground station is housed in a standard container and can be transported throughout Europe as needed for laser based optical communication with satellites - including NASA's Psyche mission, in space millions of kilometers away.The station has officially become a part o...

    2024-02-12
    Посмотреть перевод