Bausch + Lomb set to acquire Technolas Perfect Vision

Bausch + Lomb will acquire ophthalmology laser company Technolas Perfect Vision GmbH (TPV), the latter of which was established in 2009 through a joint venture between Bausch + Lomb and 20/10 PERFECT VISION AG to develop and sell advanced refractive and cataract technologies.

Bausch + Lomb (Rochester, NY) will acquire ophthalmology laser company Technolas Perfect Vision GmbH (TPV; Munich, Germany), the latter of which was established in 2009 through a joint venture between Bausch + Lomb and 20/10 PERFECT VISION AG to develop and sell advanced refractive and cataract technologies. The deal is expected to close at the end of January 2013.

The two companies entered into a co-promotion agreement back in September 2011, which also included an option for Bausch + Lomb to purchase the company if certain key milestones were achieved. Since that time, the companies have leveraged their combined cataract and refractive expertise and commercial capabilities to promote and further advance the VICTUS femtosecond laser, which supports cataract and corneal procedures on a single platform. In the last 12 months, the VICTUS platform received marketing approval from regulatory authorities in Europe and the US, and the companies are continuing to file registrations in other parts of the world as they accelerate the roll-out.

Technolas' acquisition by Bausch & Lomb will enable expansion into the faster growing segments of the ocular surgery market, says Kristian Hohla, Ph.D., Technolas' CEO.

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