Allergan
This article was originally published in The Gray Sheet
Executive Summary
Completes $16 mil. cash purchase of Ioptex Research in a deal announced Aug. 8 ("The Gray Sheet" Aug. 15, p. 8). The acquisition of the Irwindale, California-based manufacturer of intraocular lenses will increase Allergan's surgical products revenues by about one-third. The surgical division of Allergan, based in Irvine, California, had sales of $115 mil. in 1993. Ioptex had sales of $39 mil. in 1993 and earned $400,000