BioLight agrees to sell ophthalmic laser specialist to Chinese firm
Israeli ophthalmics specialist BioLight (TASE: BOLT) has announced that it has agreed to sell IOPtima, a developer of minimally-invasive surgical ophthalmic devices specializing in glaucoma, in which the firm has a majority stake.
BioLight, which owns about 70% of the company, has agreed terms together with the minority shareholders for the firm to be bought by Chengdu Kanghong Pharmaceutical Group, based in China.
The deal will be implemented in stages, the first stage being a direct investment into IOPtima of about $7 million, followed by an acquisition of the remaining IOPtima shares from all its other shareholders.
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