{"id":53013,"date":"2023-01-18T00:02:46","date_gmt":"2023-01-17T23:02:46","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/bausch-lomb-acquires-acufocus-inc\/"},"modified":"2023-01-18T00:02:46","modified_gmt":"2023-01-17T23:02:46","slug":"bausch-lomb-acquires-acufocus-inc","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/bausch-lomb-acquires-acufocus-inc\/","title":{"rendered":"Bausch + Lomb Acquires AcuFocus, Inc."},"content":{"rendered":"
\n

\nAcquisition Will Enhance Bausch + Lomb\u2019s Surgical Portfolio with IC-8\u00ae<\/sup> Apthera\u2122<\/sup> Intraocular Lens<\/i><\/b>\n<\/p>\n

VAUGHAN, Ontario & IRVINE, Calif.–(BUSINESS WIRE)–Bausch + Lomb Corporation (NYSE\/TSX: BLCO) (\u201cBausch + Lomb\u201d), a leading global eye health company dedicated to helping people see better to live better, and AcuFocus, Inc. (\u201cAcuFocus\u201d), a privately held ophthalmic medical device company, today announced that an affiliate of Bausch + Lomb has acquired AcuFocus, pursuant to a merger transaction with the parent company of AcuFocus.\n<\/p>\n

<\/a><\/p>\n

\nAcuFocus has delivered breakthrough small aperture intraocular technology to address the diverse unmet needs in eye care, including the IC-8\u00ae<\/sup> Apthera\u2122<\/sup> intraocular lens (IOL), which was approved by the U.S. Food and Drug Administration in July 2022 as the first and only small aperture non-toric extended depth of focus (EDOF) IOL for certain cataract patients who have as much as 1.5 diopters of corneal astigmatism and wish to address presbyopia at the same time. Known as the IC-8 IOL in global markets, this IOL is available in select markets across Europe, as well as in Australia, New Zealand and Singapore.\n<\/p>\n

\nCataracts are a common condition affecting an estimated 94 million people globally.1<\/sup> In fact, the global premium cataract IOL market is projected to grow at a compounded annual growth rate of approximately 13 percent between 2022 and 2027.2<\/sup> In the United States alone, an estimated 24 million people have cataracts, a number that is expected to grow to 50 million by 2050.3<\/sup>\n<\/p>\n

\nCataracts can only be treated with surgery in which the cloudy natural lens is removed and an IOL is implanted.4<\/sup> Many patients receive a monofocal IOL at the time of cataract surgery, which may correct for distance vision, but not for presbyopia. Some available presbyopia-correcting IOLs have complex optics that split, shift or stretch light to provide clear vision at more than one discrete focal point. In contrast, the <\/strong>IC-8 Apthera IOL features proprietary small aperture technology that enables both distance vision correction and near vision correction to mitigate the effects of presbyopia.\n<\/p>\n

\n\u201cCataracts are the largest contributor to global blindness in adults aged 50 years and older, with more than 15 million individuals, or approximately 45 percent of the more than 33 million cases of global blindness.5<\/sup> We believe that the IC-8 Apthera EDOF IOL will bolster our surgical portfolio by enhancing our IOL offerings, which is a strategic area of focus for Bausch + Lomb,\u201d said Joseph C. Papa, CEO, Bausch + Lomb. \u201cWe will continue to focus on areas of unmet medical need that we believe will help drive long-term growth in our core segments, and importantly, help us achieve our mission of helping people see better to live better.\u201d\n<\/p>\n

\n“Bausch + Lomb is a legacy name in eye care with a fully integrated portfolio of offerings in eye health,\u201d said Al Waterhouse, president and CEO, AcuFocus. \u201cWith its extensive development footprint and renowned commercial expertise, we believe Bausch + Lomb is best positioned to educate physicians about the IC-8 Apthera lens, and ultimately, ensure more cataract patients have access to this new IOL.\u201d\n<\/p>\n

\nAbout the IC-8 Apthera IOL<\/b>\n<\/p>\n

\nThe IC-8 Apthera IOL is a wavefront-filtering intraocular lens for unilateral implantation in patients who have been diagnosed with bilateral operable cataracts, have as much as 1.5 diopters of corneal astigmatism in the implanted eye and who do not have a history of retinal disease and are not predisposed to experience retinal disease in the future. This IOL, compared to a monofocal or monofocal toric IOL, provides an extended range of vision from distance through near.\n<\/p>\n

\nAs with any cataract surgery, risks of complications exist whether or not the IOL is implanted. The complications of IOL implantation surgery range from minor side effects (usually temporary) to serious complications. Patients with a history of previous illnesses or disorders of the eye may have a higher risk of complications. Patients with a history of retinal disease or those predisposed to retinal disease must not be implanted with the IOL. As with other extended depth of focus IOLs, further surgical treatment (such as IOL replacement for a different lens) may be needed after implantation of the IOL.\n<\/p>\n

\nA full list of benefits and risks associated with the IC-8 Apthera IOL will be available in the Directions For Use and the Patient Information Brochure.\n<\/p>\n

\nBofA Securities served as exclusive financial advisor to AcuFocus in this transaction. Norton Rose Fulbright US LLP served as legal advisor to Bausch + Lomb, and Latham & Watkins LLP served as legal advisor to AcuFocus.\n<\/p>\n

\nAbout AcuFocus, Inc.<\/b>\n<\/p>\n

\nAcuFocus, Inc. delivers breakthrough small aperture intraocular products to address diverse unmet needs in eye care and help patients achieve their best personal vision. The <\/strong>IC-8 Apthera IOL (known as the IC-8 IOL in global markets) is approved in the United States for the treatment of cataracts. The lens received CE mark in 2015 and is available in Australia, New Zealand, Singapore, and select markets across Europe.\n<\/p>\n

\nAbout Bausch + Lomb<\/b>\n<\/p>\n

\nBausch + Lomb is dedicated to protecting and enhancing the gift of sight for millions of people around the world \u2013 from the moment of birth through every phase of life. Its comprehensive portfolio of more than 400 products includes contact lenses, lens care products, eye care products, ophthalmic pharmaceuticals, over-the-counter products and ophthalmic surgical devices and instruments. Founded in 1853, Bausch + Lomb has a significant global research and development, manufacturing and commercial footprint with more than 12,000 employees and a presence in nearly 100 countries. Bausch + Lomb is headquartered in Vaughan, Ontario with corporate offices in Bridgewater, New Jersey. For more information, visit www.bausch.com<\/a> and connect with us on Twitter<\/a>, LinkedIn<\/a>, Facebook<\/a> and Instagram<\/a>.\n<\/p>\n

\nForward-looking Statements<\/b>\n<\/p>\n

\nThis news release may contain \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d) and \u201cforward-looking information\u201d under Canadian securities laws (collectively, \u201cforward-looking statements\u201d). These forward-looking statements include, but, but are not limited to, statements regarding AcuFocus\u2019, Bausch + Lomb\u2019s and their respective management teams\u2019 expectations, hopes, beliefs, intentions and strategies about the future. Statements that are not historical facts, including statements about the parties\u2019 perspectives and expectations, are forward-looking statements. Forward-looking statements may generally be identified by the use of the words \u201canticipates,\u201d \u201chopes,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cmay,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpotential,\u201d \u201ctarget,\u201d or \u201ccontinue\u201d and variations or similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These statements are based upon the current expectations and beliefs of management of both AcuFocus and Bausch + Lomb and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in Bausch + Lomb\u2019s respective filings with the SEC and the Canadian Securities Administrators, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. Neither AcuFocus nor Bausch + Lomb undertakes any obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.\n<\/p>\n

\nReferences<\/b>\n<\/p>\n

    \n
  1. \nThe World Health Organization: Blindness and Vision impairment<\/a>. Retrieved Dec. 12, 2022.\n<\/li>\n
  2. \nMarket Scope. 2022 IOL Market Report (April 2022).\n<\/li>\n
  3. \nNational Eye Institute. NEI charts a clearer future for cataract prevention and treatment<\/a>. Retrieved Dec. 12, 2022.\n<\/li>\n
  4. \nNational Eye Institute. Cataracts<\/a>. Retrieved Jan. 14, 2023.\n<\/li>\n
  5. \nSteinmetz, J. D., Bourne, R. R., Briant, P. S., Flaxman, S. R., Taylor, H. R., Jonas, J. B., … & Morse, A. R. F. (2021). Causes of blindness and vision impairment in 2020 and trends over 30 years, and prevalence of avoidable blindness in relation to VISION 2020: the Right to Sight: an analysis for the Global Burden of Disease Study. The Lancet Global Health, 9(2), e144-e160. https:\/\/doi.org\/10.1016\/S2214-109X(20)30489-7<\/a>\u00a0\n<\/li>\n<\/ol>\n

    \nAll products\/brand names are trademarks of the respective owners.
    \n
    <\/i>\u00a9 2023 Bausch & Lomb Incorporated or its affiliates.<\/i>\n<\/p>\n

    Contacts<\/b> <\/p>\n

    \nInvestor Contacts:<\/b>
    Arthur Shannon
    \n
    arthur.shannon@bausch.com <\/a>\n<\/p>\n

    \nAllison Ryan
    <\/b>    allison.ryan@bausch.com<\/a>
    (877) 354-3705 (toll free)
    \n
    (908) 927-0735\n<\/p>\n

    \nMedia Contacts:<\/b>
    Lainie Keller
    \n
    lainie.keller@bausch.com<\/a>
    (908) 927-1198\n<\/p>\n

    \nKristy Marks
    \n
    kristy.marks@bausch.com<\/a>
    (908) 927-0683\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Acquisition Will Enhance Bausch + Lomb\u2019s Surgical Portfolio with IC-8\u00ae Apthera\u2122 Intraocular Lens VAUGHAN, Ontario & IRVINE, Calif.–(BUSINESS WIRE)–Bausch + Lomb Corporation (NYSE\/TSX: BLCO) (\u201cBausch + Lomb\u201d), a leading global eye health company dedicated to helping people see better to live better, and AcuFocus, Inc. (\u201cAcuFocus\u201d), a privately held ophthalmic medical device company, today announced … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-53013","6":"format-standard","7":"category-industry"},"yoast_head":"\nBausch + Lomb Acquires AcuFocus, Inc. - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/bausch-lomb-acquires-acufocus-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bausch + Lomb Acquires AcuFocus, Inc. - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Acquisition Will Enhance Bausch + Lomb\u2019s Surgical Portfolio with IC-8\u00ae Apthera\u2122 Intraocular Lens VAUGHAN, Ontario & IRVINE, Calif.–(BUSINESS WIRE)–Bausch + Lomb Corporation (NYSE\/TSX: BLCO) (\u201cBausch + Lomb\u201d), a leading global eye health company dedicated to helping people see better to live better, and AcuFocus, Inc. 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