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Bausch + Lomb gains option to purchase Technolas Perfect Vision

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ROCHESTER, N.Y. — Bausch + Lomb and Technolas Perfect Vision have forged a definitive agreement giving Bausch + Lomb the option to purchase the ophthalmic laser manufacturer, according to a news release.

The agreement allows Bausch + Lomb to acquire all outstanding and unclaimed Technolas Perfect Vision shares valued up to €450 million, based on the attainment of certain benchmarks and earn-outs, the release said.

"We have tremendous confidence in [Technolas Perfect Vision]'s femtosecond laser technology and the company's ability to deliver a platform that will meet the needs of doctors and patients well into the future," Brent Saunders, chief executive officer of Bausch + Lomb, said in the release.

Bausch + Lomb and Technolas Perfect Vision plan to develop and promote femtosecond laser technology globally, according to the release.