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October 15, 1991 | SONNI EFRON, TIMES STAFF WRITER
Chiron Opthalmics Inc. and its parent company on Monday announced the acquisition of a Florida manufacturer of artificial lenses and instruments used for cataract surgery in a stock transaction valued at about $40 million. Chiron Opthalmics, based in Irvine, and parent Chiron Corp. of Emeryville will acquire IntraOptics Inc., a private manufacturer of intra-ocular lenses based in Boca Raton, Fla., in exchange for 565,000 shares of Chiron stock.
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BUSINESS
October 15, 1991 | SONNI EFRON, TIMES STAFF WRITER
Chiron Opthalmics Inc. and its parent company on Monday announced the acquisition of a Florida manufacturer of artificial lenses and instruments used for cataract surgery in a stock transaction valued at about $40 million. Chiron Opthalmics, based in Irvine, and parent Chiron Corp. of Emeryville will acquire IntraOptics Inc., a private manufacturer of intra-ocular lenses based in Boca Raton, Fla., in exchange for 565,000 shares of Chiron stock.
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July 10, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
The U.S. Senate has proposed a 25% cut in Medicare reimbursement payments for artificial lenses used in cataract surgery, a move that could cost hundreds of jobs in California, a Washington industry group warned on Friday. The Health Industry Manufacturers Assn. said that almost all the medical device firms that make so-called intraocular lenses are in Southern California. Allergan Inc., based in Irvine, is the largest manufacturer of such lenses.
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