Medical Instruments & Supplies M&A » By The Online Investor Staff, updated Sat., Apr. 20, 5:13 AM
Recent mergers and acquisitions in the Medical Instruments & Supplies M&A category.
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Slide #25. TearLab Corporation — AOA's OcuHub Technology Platform
Acquirer:
TearLab Corporation (TEAR)
Acquiree:
AOA's OcuHub Technology Platform
Details:
TearLab Corporation (Nasdaq:TEAR) (TSX:TLB) ("TearLab" or the "Company") today announced it has signed a non-binding term sheet to purchase the assets of the OcuHub business unit from AOAExcel, Inc., the for-profit subsidiary of the American Optometric Association ("AOA").
TearLab is an in-vitro diagnostic company. Co. has commercialized a tear testing platform, the TearLab® Osmolarity System that enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. Co.'s product measures tear film osmolarity for the diagnosis of dry eye disease. The TearLab® Osmolarity System has three components: the TearLab disposable, which is a single-use microfluidic microchip; the TearLab Pen, which is a hand-held device that interfaces with the TearLab disposable; and the TearLab Reader, which is a desktop unit that allows for the docking of the TearLab Pen and provides a quantitative reading for the operator.
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