OPKO Completes Sale of Ophthalmic Instrumentation Business
MIAMI, FL – October 12, 2011– OPKO Health, Inc. (NYSE: OPK) announced that it has completed the sale of its ophthalmic instrumentation business to Optos plc and Optos, Inc., a wholly owned subsidiary of Optos plc, a leading and rapidly growing medical technology company engaged in the design, development, manufacture and marketing of devices to image the retina of the eye. In connection with the sale, Optos paid OPKO $17.5 million in cash and agreed to pay future royalties.
Optos acquired OPKO’s worldwide activities for the development and commercialization of ophthalmic diagnostic imaging systems and will combine OPKO’s OCT SLO technology with Optos’ widefield technology to provide a powerful tool to diagnose and manage diseases of the eye.
About OPKO Health, Inc.
We are a multi-national biopharmaceutical and diagnostics company that seeks to establish industry-leading positions in large and rapidly growing medical markets by leveraging our discovery, development and commercialization expertise and our novel and proprietary technologies.
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SOURCE: OPKO Health, Inc.
Steven D. Rubin, 305 575-4100