Bausch & Lomb and 20/10 Perfect Vision
Finalize Refractive Surgery Joint Venture
FOR RELEASE THURSDAY, APRIL 30, 2009
MUNICH, GERMANY -- Bausch & Lomb, the global eye health company, and 20/10 Perfect Vision AG, the femtosecond laser developer, have completed their transaction to form a joint venture focused on the laser vision correction industry. Financial terms were not disclosed.
The new company -- Technolas Perfect Vision -- combines the refractive eye surgery assets of both businesses, and will utilize its global service and support infrastructure to introduce new, laser-based vision correction procedures, initially focusing on treatments for presbyopia.
Technolas Perfect Vision is targeting the lucrative presbyopia market, providing clinicians with advanced excimer and femtosecond laser technology designed specifically to restore near vision in those patients who have lost the ability to visually accommodate. One of the most exciting new procedures is INTRACOR, an intrastromal treatment designed to restore near vision. INTRACOR has undergone the EC Conformity Assessment and now carries the CE Mark for the treatment of presbyopic hyperopes. Studies evaluating an even broader range of indications are already underway. It is not yet approved for sale in the United States.
“These are breakthrough technologies, with the potential to transform the lifestyle of presbyopia sufferers and providing clinicians with a wonderful opportunity to attract new patients to their refractive practices,” said Kristian Hohla, Ph.D., chief executive officer, Technolas Perfect Vision.
For more information, visit www.technolaspv.com.
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About Bausch & Lomb
Bausch & Lomb is the eye health company dedicated to perfecting vision and enhancing life for consumers around the world. Its core businesses include contact lenses and lens care products, and ophthalmic surgical and pharmaceutical products. The Bausch & Lomb name is one of the best known and most respected healthcare brands in the world. Founded in 1853, the company is headquartered in Rochester, N.Y., and employs more than 10,000 people worldwide. Its products are available in more than 100 countries. More information can be found at www.bausch.com.
Technolas, the Technolas Perfect Vision logo, and INTRACOR are trademarks or registered trademarks of Technolas Perfect Vision GmbH.