March 18, 2019 / 6:22 AM / a month ago

BRIEF-Novartis' Alcon Acquires U.S. Medical Company For $285 Mln

March 18 (Reuters) - Novartis’ Alcon:

* ALCON ANNOUNCES ACQUISITION OF POWERVISION, INC.

* ACQUISITION FURTHERS ALCON’S COMMITMENT TO BRING THIS INNOVATIVE, ACCOMMODATING LENS TO CATARACT PATIENTS THROUGHOUT WORLD

* ALCON PAID USD 285 MILLION TO POWERVISION AT CLOSING WITH ADDITIONAL PAYMENTS BASED ON SPECIFIED REGULATORY AND COMMERCIAL MILESTONES STARTING IN 2023

* ALCON IS MAINTAINING ITS 2023 FINANCIAL OUTLOOK PROVIDED AT CAPITAL MARKETS DAYS IN Q4 OF 2018 Source text for Eikon: Further company coverage: (Berlin Speed Desk)

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