Bausch + Lomb has entered into an options agreement regarding leading ophthalmology laser company, Technolas Perfect Vision (TPV).
Under the agreement, B+L will have an option to purchase all outstanding and unowned TPV shares for a total company value of up to (EURO)€450 million, based on the achievement of certain milestones and earnouts.
TPV was established in 2009 through a joint venture between B+L and 20/10 Perfect Vision AG to develop and sell advanced refractive and cataract technologies.
