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Article: Ophthalmology company completes purchase of manufacturing facility.
- Article from:
- Medical Devices & Surgical Technology Week
- Article date:
- December 7, 2003
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2003 DEC 7 - (NewsRx.com & NewsRx.net) -- Advanced Medical Optics, Inc., (AMO, AVO) announced that its Spanish subsidiary has completed the purchase of an existing manufacturing facility in Madrid, Spain, from Alcon CUSI, S.A., a subsidiary of Alcon, Inc.
AMO paid approximately $22 million for the facility. AMO will use the facility to manufacture its eye care products, including its COMPLETE branded product line.
"Today marks a significant milestone for AMO and its eye care business. The purchase of this facility allows us to execute on our global strategy of securing a viable alternative for our current manufacturing agreements and positions us to meet ...