1. Abbott to Enter Laser Cataract Surgery Market through $400M Acquisition of OptiMedica

    Abbott to Enter Laser Cataract Surgery Market through $400M Acquisition of OptiMedica

    Abbott (NYSE: ABT ) today announced it has entered into an agreement to purchase OptiMedica Corporation, a privately held, Silicon Valley-based ophthalmic device company. The acquisition will enable Abbott to expand its vision care business into the femtosecond laser-assisted cataract surgery market. Under the terms of the agreement, Abbott will acquire OptiMedica for $250 million , net of cash, plus additional payments totaling up to $150 million upon completion of certain development, regulatory or sales milestones. Currently, most cataract procedures are performed manually, with the surgeon making incisions into the eye by hand. OptiMedica's Catalys ™ Precision Laser System is designed to ...

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