B+L completes Technolas acquisition

Bausch + Lomb has completed the acquisition of Technolas Perfect Vision it was announced earlier.

The new collaboration will be known as Bausch + Lomb Technolas and will continue developing and commercializing surgical laser technology for ophthalmology.

B+L purchased all outstanding shares of Technolas in November 2012 to expand the company's product portfolio into cataract and refractive surgery. The companies have been co-promoting the Victus femtosecond laser, which received marketing approval in Europe in late 2011. Technolas is also developing the Supracor for the treatment of presbyopia.

John Barr, executive president of B+L, commented, "Technolas Perfect Vision’s unique laser platforms will enhance our ability to grow the business and augment our new product pipeline with cutting-edge surgical technology. We are pleased to welcome the Technolas Perfect Vision team to Bausch + Lomb and are committed to a seamless transition as we continue to provide physicians with systems, instruments and intraocular lenses that improve patients’ sight worldwide."