Opko snags 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.