Abbott Buys Visiogen For $400 Million

October 21, 2009 (FinancialWire) — Abbott (NYSE: ABT )has completed its acquisition of privately-held eye care company Visiogen for $400 million in cash. The company said that the acquisition would strengthen its vision care business with a next-generation accommodating intraocular lens technology to address presbyopia for cataract patients. Visiogen’s Synchrony accommodating IOL is an artificial […]

Alcon To Acquire Swiss BioTech Firm ESBATech AG

Alcon has entered into a definitive agreement to acquire ESBATech AG, a Swiss biotechnology company. Alcon will pay ESBATech shareholders $150 million in cash at closing, plus contingent payments of up to $439 million based upon the achievement of future research and development milestones that would be expected to create value for Alcon. ESBATech is […]

Eyeglass Frames Market Report-China

Source: Fashion Global Resources Demand from Asia, South America, the Middle East and Africa are compensating from declining sales in Western countries. Even though China export statistics for optical frames and reading glasses are showing strong performance, many suppliers are feeling the pinch of the slump in overseas demand. In 2009, the country shipped out 837 […]