JTA NEWS
15 October 2018 - 7 Heshvan 5779 - ז' חשון ה' אלפים תשע"ט
JTA NEWS :
Chengdu Kanghong Pharma buys IOPtima E-mail

Bio Light Israeli Life Sciences Investments Ltd., which develops various ophthalmology products, announced the completion of a deal to sell its IOPtima subsidiary on 21 November.

In April, BioLight had reported a memorandum of understanding for an initial investment in the company with an option for acquisition, and the option is now being exercised. IOPtima manufactures and markets a surgical device for treatment of glaucoma.

The acquiring company is China-based Chengdu Kanghong Pharmaceutical Group, which is listed on the Shenzhen Stock Exchange at a US$6 billion market cap. The company works in the ophthalmology field, from R&D to marketing.

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