# Nova Eye Medical acquires Molteno3 glaucoma drainage device range

Nova Eye Medical acquired the Molteno3 glaucoma drainage device range from Molteno Ophthalmic for AU$921,000. The deal expands Nova Eye's glaucoma portfolio.

- Type: Acquisition
- Announced: 2020-07-06
- Where: Dunedin, New Zealand
- Value: $640K (921K AUD)
- Status: completed
- Products: glaucoma drainage devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Nova Eye Medical](https://endata.com/companies/48370.md) (acquirer)
- [Molteno Ophthalmic](https://endata.com/companies/48371.md) (target)

## Sources

- [insightnews.com.au](https://www.insightnews.com.au/nova-eye-medical-buys-new-zealand-glaucoma-business/), 2020-07-06: "Nova Eye, formerly Ellex Medical Lasers until the sale of its core business last month, announced a new deal last week to purchase the Molteno3 glaucoma drainage device (GDD) range from Molteno Ophthalmic."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.