InSite Vision and Sun Pharma Enter Into Merger Agreement

By Staff
Thursday, September 17, 2015 12:27 AM

ALAMEDA, Calif.—InSite Vision Inc. (OTCBB: INSV) announced yesterday that InSite and a subsidiary of Sun Pharmaceutical Industries Ltd. (Sun Pharma) have entered into a merger agreement under which an indirect wholly owned subsidiary of Sun Pharma will acquire InSite in an all-cash transaction for $0.35 per share, or approximately $48 million in aggregate equity value, on a fully diluted basis. The transaction has been approved by the boards of directors of both InSite and the Sun Pharma subsidiary, and will be completed by means of a tender offer.

VisionCare Ophthalmic Technologies Expands Executive Team

By Staff
Friday, September 11, 2015 12:18 AM SARATOGA, Calif.—VisionCare Ophthalmic Technologies, the developer, manufacturer and marketer of the Implantable Miniature Telescope, has named Blake Michaels as vice president, sales and current executive, Chet Kumar, as vice president, corporate development and innovation.

Allergan to Acquire Glaucoma Treatment Company AqueSys

By Staff
Friday, September 4, 2015 12:23 AM DUBLIN and ALISO VIEJO, Calif.—Allergan (NYSE: AGN), a leading global pharmaceutical company, and AqueSys, Inc. a private clinical stage medical device company focused on developing ocular implants that reduce intraocular pressure associated with glaucoma, announced yesterday that they have entered into an agreement under which Allergan will acquire AqueSys in an all-cash transaction.

InSite Vision and QLT Amend Merger Agreement

By Staff
Monday, August 31, 2015 12:27 AM ALAMEDA, Calif.—InSite Vision Inc. (OTCBB: INSV) announced on Aug. 28 that InSite and QLT Inc. (NASDAQ: QLTI) (TSX: QLT) entered into a revised merger agreement under which QLT will acquire InSite Vision.

Lasik and Cataract Surgery Provider, NVision Eye Centers Acquires Walman Eye Centers

By Staff
Monday, August 24, 2015 12:21 AM ALISO VIEJO, Calif.—NVision Eye Centers has acquired Walman Eye Centers of Central and West Phoenix, Ariz.

Local Eye Site Partners With the JCAHPO Foundation

By Staff
Wednesday, August 19, 2015 12:21 AM ST. PAUL, Minn.—The Joint Commission on Allied Health Personnel in Ophthalmology (JCAHPO) Education and Research Foundation announced that Local Eye Site will fund a new scholarship for Ophthalmic Medical Technicians seeking certification.

U.S. News & World Report Ranks Top 13 U.S. Ophthalmology Hospitals

By Staff
Monday, July 27, 2015 12:18 AM New York—In its listings of the best U.S. hospitals for 2015-2016, U.S. News & World Report ranked the top 13 ophthalmology hospitals.

Bascom Palmer Eye Institute Opens New Eye Center in Naples, Florida

By Staff
Monday, July 13, 2015 12:24 AM NAPLES, Fla.—Earlier this week, on Monday, June 29, 2015, the Bascom Palmer Eye Institute opened a new eye center here, moving to a new 20,000-square-foot facility with more than six times the clinical space of its previous location.

Second Sight Appoints Will McGuire as President and CEO

By Staff
Monday, June 29, 2015 12:27 AM SYLMAR, Calif.—Second Sight Medical Products (NASDAQ:EYES) has appointed Will McGuire, a 20-year veteran of the life sciences industry, as president and chief executive officer, effective Aug. 18, 2015.

Second Sight Announces Two Top Management Appointments

By Staff
Monday, May 11, 2015 12:24 AM SYLMAR, Calif.—Second Sight Medical Products (NASDAQ:EYES), which markets the Argus II retinal prosthesis, is expanding its management team with the addition of Anthony “Tony” Moses, who has been named commercial vice president, Americas, and James “Jim” Miller, who has been appointed director of manufacturing, a newly created position.

Valeant to Acquire Salix Pharmaceuticals

By Staff
Wednesday, February 25, 2015 12:30 AM LAVAL, Quebec and RALEIGH, N.C.— Valeant Pharmaceuticals International, Inc. (NYSE: VRX) and Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) announced on March 22 that they have entered into a definitive agreement under which Valeant will acquire all of the outstanding common stock of Salix for $158.00 per share in cash, or a total enterprise value of approximately $14.5 billion.

NVision Eye Centers Acquires Weston Eye Center

By Staff
Friday, January 30, 2015 12:15 AM ALISO VIEJO, Calif.— NVision Eye Centers, a provider of lasik and cataract surgery in the U.S., has added Weston Eye Center of Roseburg, Ore. to its family of eye centers.

Study Shows Effectiveness of i-Lid Cleanser

By Andrew Karp
Monday, January 19, 2015 12:00 AM SAN RAFAEL, Calif.—The Eye Institute, based here, recently announced that an informal nationwide survey of eye doctors and patients shows success with the use of a recently launched product, i-Lid Cleanser from NovaBay Pharmaceuticals, to treat evaporaive dry eye syndrome associated with blepharitis and meibomian gland dysfunction.

Modernizing Medicine Closes on $15M Funding for Cloud-Based EMR, Including Ophthalmology-Specific System

By Staff
Monday, November 17, 2014 12:24 AM BOCA RATON, Fla.— Modernizing Medicine, Inc., creator of the cloud-based electronic medical record (EMR) system known as the Electronic Medical Assistant (EMA), has closed on approximately $15M of an expected $20M funding round.

NVision Laser Eye Centers Acquires Teplick Custom Vision

By Staff
Wednesday, November 12, 2014 12:15 AM NEWPORT BEACH, Calif.— NVision Laser Eye Centers has acquired Portland, Ore.-based Teplick Custom Vision, its sixth acquisition in the last 18 months and its first in Oregon.