Xconomy San Diego

Abbott Laboratories Acquires Visiogen for $400,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4853dbb9-0cae-4ff6-a108-7f55e4780dc3&Preview=1
Date
9/3/2009
Company Name
Visiogen
Mailing Address
2 Goodyear Irvine, CA 92618
Company Description
Visiogen, Inc. is focused on developing innovative products for cataract and refractive patients. Founded in Irvine, California, in 2001, Visiogen’s first commercial application, Synchrony®, a dual-optic intraocular lens and pre-loaded injector, is currently in clinical studies in the U.S. and recently received a CE Mark in Europe.
Website
http://www.visiogen.com
Transaction Type
M&A
Transaction Amount
$400,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Financial terms of the transaction were not disclosed.