chanelink logo
CHANELINK
繁体中文

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

394
2024-05-06 16:11:26
查看翻譯

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

相關推薦

  • Scientists from the SLAC National Accelerator Laboratory in the United States have launched the world's most powerful X-ray laser

    Scientists at the SLAC National Accelerator Laboratory have launched the world's most powerful X-ray laser, which will be used for in-depth atomic and molecular research.It is a significant upgrade to its predecessor, as its brightness has increased by 10000 times.The upgraded laser facility also uses superconducting accelerator components, allowing it to operate at low temperatures near absolute ...

    2023-11-17
    查看翻譯

  • Southern Stoneworks revolutionizes countertop installation in Orlando with innovative laser technology

    A good countertop can make a home better. In that spirit, Southern Stoneworks, Orlando's leading countertop manufacturer and installer, has set a new standard in the industry by incorporating advanced laser technology into its processes. Utilizing state-of-the-art laser-guided saws and tools, the company has significantly reduced the time required to measure, manufacture, and install kitchen count...

    2023-08-04
    查看翻譯

  • Amplitude launches femtosecond lasers for industrial applications

    Recently, French femtosecond pulse and high peak power (PW class) laser manufacturer Amplitude announced that the company has launched a newly designed Satsuma X femtosecond laser, setting a new benchmark for industrial environments.This product was first announced in 2022 and is now available in a brand new design with proven durability and versatility. In pursuit of excellence and customer satis...

    2024-07-02
    查看翻譯

  • Researchers have developed a QCL DFB continuous laser for gas detection

    Alpes Laser was founded in 1998 in Nazhatel, Switzerland and was the first company to bring quantum cascade lasers to the market. It released its first continuous laser in 2001 and its first high gain laser in 2009, thus maintaining this priority position.In 2004, the first commercial laser was introduced.Principle: In a single mode laser, the grating is etched into the active region to force the ...

    2023-08-16
    查看翻譯

  • Manufacturing customized micro lenses with optical smooth surfaces using fuzzy tomography technology

    Additive manufacturing, also known as 3D printing, has completely changed many industries with its speed, flexibility, and unparalleled design freedom. However, previous attempts to manufacture high-quality optical components using additive manufacturing methods often encountered a series of obstacles. Now, researchers from the National Research Council of Canada have turned to fuzzy tomography (a...

    2024-05-30
    查看翻譯