In Vivo is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Alcon picks up WaveLight

This article was originally published in The Gray Sheet

Executive Summary

Ophthalmic device maker Alcon expands its refractive laser business via the $90 million purchase of German firm WaveLight, announced July 16. WaveLight's Allegretto refractive eye laser "offers the fastest ablation speed on the market today," Alcon notes. The purchase will "provide additional clinical solutions and laser technology to better support our cataract and refractive customers," the firm explains. Alcon, which offers the Ladar6000 excimer laser and CustomCornea wavefront system for custom ablation procedures, issued a safety alert on the system in February and has initiated corrective action to address the potential for "central islands" following custom myopia laser procedures (1"The Gray Sheet" April 30, 2007, p. 6). Wachovia analyst Larry Biegelsen notes in a July 16 report that he expects Alcon to adopt Allegretto as its flagship eye laser following the acquisition. The deal also makes Alcon the second largest laser refractive franchise behind Advanced Medical Optics, Biegelsen says. Under the terms of the deal, Alcon will pay about $13.80 per share for WaveLight, a roughly 15% premium over its July 13 closing price of $12.00...

You may also be interested in...



Alcon IOLs Drive Surgical Sales In Q1 As Eye Laser Revenues Dim

Alcon intraocular lens sales growth in the first quarter helped offset declining ophthalmic laser revenue and drive overall surgical device sales ahead 10.6% to $580.7 million in Q1, the firm reported April 25

GNC In Rough Seas From COVID-19 Pandemic; Vitamin Shoppe Safe In Port Under New Owner

GNC announces "significant" store and management staff furloughs and other cost-cutting moves "to protect the long-term prospects for the business." Vitamin Shoppe told customers that its stores remain open though it reduced business hours.

QUOTED. 7 April 2020. Surendar Magar.

California-based biosensor patch company LifeSignals Group plans to file for an emergency use authorization from the US FDA for a new patch that can monitor vital signs to help individuals decide when to seek the help of a health care provider. See what LifeSignals’ CEO Surendar Magar said about it here.

UsernamePublicRestriction

Register

MT025037

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel