Opko snags Ophthalmic Technologies

August 23, 2007

Opko Health has entered into an agreement to acquire the Canadian company, Ophthalmic Technologies.

Opko Health has entered into an agreement to acquire the Canadian company, Ophthalmic Technologies.

Ophthalmic Technologies markets a complete line of ophthalmic ultrasound and imaging products and its SLO/OCT system provides a flexible platform for processing a wide variety of diagnostic tests.

According to the terms of the agreement, Opko has purchased one-third of the outstanding common shares of the company and has received an exclusive option to purchase the remaining shares over a period of six months.

Opko has also hired Steven Verdooner as Executive Vice President of Instrumentation, a newly created position.

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