Deals

A Closer Look at AbbVie-Allergan Deal and Where Eye Care Fits In

A Closer Look at AbbVie-Allergan Deal and Where Eye Care Fits In

NEW YORK – In what’s been called “a transformative move for both companies,” AbbVie has agreed to buy Allergan in a deal valued at $63 billion. Reaction from the investor community was deeply mixed. The announcement on Tuesday set off the worst day for AbbVie’s stock since it was spun off from its parent company,…

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Why Equity and M&A Markets in Ophthalmology Are Poised for a Great Run

Why Ophthalmology Bulls Keep Running

SAN DIEGO – Although the 10-year bull market is bound to end one of these days, the trend in ophthalmology and healthcare in general is a continued strong year, according to J.P. Peltier, managing director, global head, healthcare investment banking at Piper Jaffray. Peltier gave his overview of the equity and M&A markets in ophthalmology…

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A Dozen Takeaways from OIS@ASCRS 2019

A Dozen Takeaways from OIS@ASCRS 2019

Last week’s OIS@ASCRS 2019 saw a record number of registrants, and the 650 attendees were treated to a wealth of information from the presenting companies, many on the dais for the first time at an Ophthalmology Innovation Summit. Here’s an even dozen takeaways. Vicken Karageozian, MD, president and CEO of Allegro Ophthalmics, gave a preview…

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OIS@ASCRS Features New Sessions, Companies

How OIS@ASCRS 2019 Breaks the Mold

OIS@ASCRS 2019 will convene next Thursday, May 2, preceding the American Society of Cataract and Refractive Surgery annual meeting in San Diego. This year’s OIS@ASCRS features a few new additions, as OIS co-founder and Healthegy CEO Craig Simak points out. These include a switch from the “Masters of the Industry” session to “The Emerging Leaders…

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OIS Index Delivers Stellar First-Quarter 2019 Performance

OIS Index

The OIS Index of ophthalmic stocks solidly outperformed its market benchmarks in the first quarter of 2019, gaining 37.1%. During Q1, the overall US stock market, as measured by the Russell 3000 Index, gained 12.8%. The NASDAQ Biotechnology Index gained 15.4%, and a composite of US medical device stocks gained 15.9%. For the OIS Index,…

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Biogen Jumps Back into Ophthalmology Gene Therapy with Nightstar Acquisition

Biogen Jumps Back into Ophthalmology Gene Therapy with Nightstar Acquisition

It didn’t take Biogen long to jump back into ophthalmology after announcing its intention in December 2018 to terminate a collaborative agreement with Applied Genetic Technologies Corp. Last week, about 11 weeks after nixing the AGTC deal, Biogen entered into an agreement to acquire another clinical-stage gene therapy company with promising programs in ophthalmology, Nightstar…

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Corporate Leaders Explain the Upside of the Optometric Channel

The Upside of the Optometric Channel

NEW ORLEANS – Optometry has become a source of big business for ophthalmic companies over the past decade, with about 40 to 60% of sales coming from optometric channels, industry leaders said here last week in a panel discussion at OIS@SECO 2019. Allergan has spent the last 10 years focused on partnering with optometry and…

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OIS Index Follows the Stock Market Lower in December

OIS Index Follows the Stock Market Lower in December

The OIS Index declined 11% in December, marking the fourth month in a row in which ophthalmic stocks lost value. For the month, the overall US stock market as measured by the Russell 3000 Index declined 9.5% and the NASDAQ Biotechnology Index 11.3%. A composite of US medical device stocks slightly outperformed the other benchmarks,…

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