AOS Spins Off Rest of Ophthalmic Assets (Australia)
This article was originally published in PharmAsia News
Executive Summary
Australia's Advance Ocular Systems Ltd (AOS) has cut a deal with Singapore-based K-One Industries Pte Ltd to spin off its ophthalmic assets into a separate company. As part of the deal, AOS will get $5 million in cash and $13 million in shares of the new company. The new entity will be listed on the Singapore Stock Exchange. (Click here for more