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Stock impact report

Eye health company Bausch + Lomb's affiliate acquires Elios Vision [Yahoo! Finance]

Bausch + Lomb Corporation (BLCO) 
Company Research Source: Yahoo! Finance
The acquisition strengthens Bausch + Lomb's existing portfolio of surgical and pharmaceutical glaucoma treatments. Leerink Partners acted as exclusive financial adviser to Elios Vision for the acquisition while Wilson Sonsini Goodrich & Rosati, Professional Corporation provided legal counsel. Elios Vision developed ELIOS, a minimally invasive glaucoma surgery (MIGS) procedure that leverages an excimer laser technology to generate microscopic openings in the trabecular meshwork. This facilitates the outflow of aqueous and helps to reduce intraocular pressure. The procedure is the first to be clinically validated and can be performed along with cataract surgery. Elios Vision former chairman and CEO Elliot Friedman said: “Bausch + Lomb's extensive reach in cataract surgery will introduce ELIOS to a broader range of eye care professionals and help change the treatment paradigm for the estimated 80 million people worldwide living with glaucoma. “The goal is to make combining cat Show less Read more
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