Thank you so much for your expert guidance and involvement in all facets of the recent sale of our ophthalmic, micro-endoscopy business. We felt you melded so seamlessly with us that you were part of our company. Your rare skill set, combining extensive corporate law knowledge with decades of investment banking experience, was invaluable.
It took several years for ophthalmic surgeons to become comfortable utilizing our proprietary, triple-function endoscopy rather than an operating microscope for diagnostics and treatment. The endoscopic cyclophotocoagulation (ECP) procedure we pioneered was initially confused with more invasive procedures. We were so impressed with your understanding of these dynamics in presenting our company to prospective acquirers based on the science and safety/efficacy data, which demonstrated superior patient outcomes compared to other surgical techniques.
Your painstaking work mirrored ours, and we are delighted to now have our technology and products in the hands of Beaver-Visitec International. Their resources and commitment will surely facilitate further market penetration for the benefit of clinicians and patients. You understood that our systems represent a new and better standard of care that warranted far greater usage both domestically and internationally.
We especially want to thank you for your detailed negotiating skills, resulting in a doubling of the purchase price from the initial proposal and providing several options for increased consideration from future performance. Your “all in” approach, diligence, professionalism, and persistence were evident in every phase of the negotiating and sale process.