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Ciba Vision reorganization

Executive Summary

Effective Jan. 1, Ciba Vision splits into two worldwide business units: Ciba Vision Ophtha, which will cover ophthalmic pharmaceuticals, and Ciba Vision Optics, which will include contact lens products. Worldwide and U.S. headquarters for the Ciba Vision Ophtha unit will remain in Bulach, Switzerland and Duluth, Ga. respectively, under existing management. Ciba Vision wouldwide headquarters will relocate from Bulach, Switzerland to Duluth by mid-1993.
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