chanelink logo
CHANELINK
Türkçe

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

171
2024-05-06 16:11:26
Çeviriyi gör

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

İlgili öneriler

  • Frankfurt Laser Company launches a new high-power fiber coupled laser diode

    The global leader in laser technology solutions, Frankfurt Laser, has launched a new series of high-power fiber coupled laser diodes, setting a new standard in the laser industry. The innovative 9XXnm high-power fiber coupled laser diode aims to optimize fiber laser pump source applications, providing unparalleled efficiency, compactness, and brightness.The New Era of Laser TechnologyThe latest pr...

    2024-05-13
    Çeviriyi gör

  • An efficient femtosecond pulse amplification technique for extracting the maximum stored energy in fiber laser amplifiers

    The well-known journal Optica published a paper in November 2024 titled "Near complete extraction of maximum stored energy from large core fibers using coherent pulse stacking amplification of femtosecond pulses"The authors of the paper were the University of Michigan, Lawrence Berkeley National Laboratory, Peking University, and the German Institute of Synchrotron Radiation.The specific technique...

    2024-11-13
    Çeviriyi gör

  • German team develops and promotes laser technology for formable hybrid components

    Scientists from the Hanover Laser Center (LZH) in Germany are studying two laser based processes for producing load adapted hybrid solid components.From a transaction perspective, mixing semi-finished products can help save materials and production costs, but if the components that need to be replaced are made of expensive materials, these materials need to meet high requirements in future use, su...

    2023-08-16
    Çeviriyi gör

  • MKS Instruments will build a factory in Malaysia

    Recently, American semiconductor equipment manufacturer MKS Instruments announced plans to build a factory in Penang, Malaysia to support the production of wafer manufacturing equipment in the region and globally. This development plan will be divided into three stages to build a new factory, and it is expected to break ground and start construction in early 2025.Why choose to build a factory in M...

    2024-06-26
    Çeviriyi gör

  • Opton Laser commercializes ultra-high contrast third-order autocorrelators

    Recently, Opton Laser International, a supplier specializing in photonics, is currently distributing manufacturer UltraFast Innovations (UFI)'s ultra-high contrast third-order autocorrelator Tundra++. The new generation Tundra aims to characterize the temporal intensity distribution and quality of laser pulses with particularly high sensitivity.This is to avoid the harmful effects caused by the hi...

    2023-08-31
    Çeviriyi gör