Advanced Medical Optics , spun off from Allergan, Inc. in 2002, has just been acquired by Abbott.
Advanced Medical Optics (AMO), specialized in corneal, refractive and cataract products, competes with industry ophthalmic heavy weights, Alcon, Bausch and Lomb and Carl Zeiss Meditec.
John Capec, EVP Abbott said:
“With AMO, Abbott will immediately become a global leader in vision,” said John M. Capek, executive vice president, Medical Devices, Abbott. “The business is poised for long-term growth, driven by advances in refractive surgery technologies, including LASIK, and an aging global population.”
Makes sense with one possible caveat – ophthalmology requires focus and the most successful companies have been largely independent. This changes with the Abbott acquisition, but also comes short on the heels of the new majority shareholding by Novartis in Alcon…
We will see.
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