AMO sells trade name, products to Inyx

Santa Ana, CA-Advanced Medical Optics Inc. (AMO) has signed an agreement to sell the rights to six over-the-counter (OTC) eye-care products and the Lens Plus trade name to Inyx Inc., a New York-based specialty pharmaceutical company. The acquisition was expected to close last month.

Inyx assigned all business and marketing rights to the OTC products to its wholly owned marketing subsidiary, Exaeris Inc., which will distribute them on a worldwide basis. As part of the transaction, Inyx acquired AMO's interest in the intellectual property associated with the acquired products, including all trademarks, trade names, and service marks (excluding all "Advanced Medical Optics" and "AMO" marks), copyrights and copyright registrations, and the manufacturing formulae, specifications, processes, artwork, proprietary molds, and similar equipment and know-how used solely related to the products.

Further, the Lens Plus trade name will be used to brand additional products that Inyx may acquire in the future, according to a statement from the company.

The products being acquired and their geographic marketing areas are:

Lens Plus Aerosol-a preservative-free, sterile saline solution (United States, Canada, Europe, Middle East, and Asia-Pacific)

Lens Plus Rewetter Drops-a preservative-free, sterile saline solution (United States)

Lens Plus Daily Cleaner-a sterile, gentle cleaner for soft contact lenses (United States)

LC-65 Daily Contact Lens Cleaner-a sterile, gentle but efficient cleaner for gas-permeable, hard and soft contact lenses (United States, Europe, Middle East, and Asia-Pacific)

Hydrocare Fizzy Tablets-an effervescent, enzymatic cleaner in tablet form (United States, Europe, Middle East, and Asia-Pacific)

Total Solution-a sterile cleaning and wetting solution for hard contact lenses (Europe and Middle East).