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Escalon Medical

This article was originally published in The Gray Sheet

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Executive Summary

Ophthalmic surgical and pharmaceutical product developer acquires Lake Success, New York-based ophthalmic ultrasound maker Sonamed for approximately $12.5 mil. in cash. Sonamed is profitable and recorded 1999 sales of about $7 mil. Separately, Escalon has decided to discontinue Phase I clinical trials of its Ocufit SR ophthalmic drug delivery system it has been developing jointly with West Pharmaceutical Services. Escalon cites poor initial results in a Jan. 18 release

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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