Alcon (ALC) announced its intention to acquire LumiThera, Inc., and its PBM device for the treatment of early and intermediate dry AMD. LumiThera is an ophthalmic medical device company that is Harnessing the Power of Light to offer a comprehensive approach for detecting, treating, and monitoring retinal diseases, specifically dry AMD. The transaction does not include the acquisition of AdaptDx and Nova/Diopsys diagnostic devices, which will be separated and spun-off to LumiThera's shareholders prior to acquisition and will continue to be marketed and sold by the LumiThera spin-off.
PBM received FDA de novo market authorization in November 2024 and received CE Mark in November 2018. PBM is currently available in Europe, Latin America, Singapore, the U.K. and the U.S.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.