In Brief: Visx/Alcon Laboratories
This article was originally published in The Gray Sheet
Executive Summary
Visx/Alcon Laboratories: Announce agreement in principal with Visx shareholder CAP Advisers Ltd. "to settle the derivative suit filed by CAP against Alcon, an Alcon affiliate and several present and former directors of Visx," Visx states. "As part of the settlement, and upon final court approval, the marketing agreements between Alcon and Visx will be terminated" and Visx will be able to market its excimer laser system "directly or through third parties." Alcon Laboratories has been Visx' exclusive worldwide sales and marketing agent for excimer lasers ("The Gray Sheet" Oct. 9, p. 8)...