chanelink logo
CHANELINK
简体中文

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

700
2024-05-06 16:11:26
查看翻译

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

相关推荐

  • UCI Cinemas collaborates with The Marvels to launch its new 4K laser projector

    Cinemas are in a developmental stage. Their roles are changing and the rules are being rewritten. Many people have proposed a way to make cinemas a truly unique place by providing audiences with a higher quality experience. It is along this route that UCI Cinemas continues to move forward. In recent days, it has officially launched a 4K laser projector and had a special date with the new MCU movie...

    2023-11-14
    查看翻译

  • The largest ultra fast laser production base in the northwest has been completed and put into operation

    As a representative enterprise in the field of ultrafast lasers, Zhuolai Laser has always performed outstandingly in the market, not only possessing dual technologies of "ultrafast+ultra strong", but also covering a remarkable range of technical routes in China. In 2022, the company completed a financing of 200 million yuan.Recently, Zhuolai Laser announced to the public that its Xi'an subsidiary ...

    2024-04-28
    查看翻译

  • New machine learning algorithm accurately decodes molecular optical 'fingerprints'

    Recently, a research team from Rice University in the United States developed a new machine learning algorithm - Peak Sensitive Elastic Network Logistic Regression (PSE-LR). This algorithm is adept at interpreting the unique optical characteristics of molecules, materials, and disease biomarkers, which can help achieve faster and more accurate medical diagnosis and sample analysis. The relevant pa...

    05-09
    查看翻译

  • Laser beam combined with metal foam to produce the brightest X-ray

    According to the Physicists' Network, scientists from Lawrence Livermore National Laboratory (LLNL) in the United States ingeniously combined the high-power laser emitted by the National Ignition Facility (NIF) with the ultra light metal foam to create the brightest X-ray ever. These ultra bright high-energy X-rays play an important role in many research fields, including imaging of extremely dens...

    01-18
    查看翻译

  • Shanghai Optical Machinery Institute has made progress in laser assisted connection of metal carbon fiber composite heterojunction materials

    Recently, the research team of Yang Shanglu from the Laser Intelligent Manufacturing Technology R&D Center of the Chinese Academy of Sciences Shanghai Institute of Optics and Fine Mechanics has made new progress in the laser assisted connection of metal carbon fiber composite heterostructure joints.The team used an adjustable flat top rectangular semiconductor laser as a heat source to achieve...

    2023-09-01
    查看翻译