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Align Technology to buy back additional $600M of its common shares

San Jose, Calif.-based Align Technology Inc. said it will buy back an additional $600 million of its common shares.

The new authorization brings the total of its stock repurchase program to $900 million from the initial $300 million buy back authorized in April 2016.

The company has repurchased about $200 million of its stock to date and expects to repurchase another $100 million through 2018.

Align Technology manufactures and markets a system of clear aligner therapy, intraoral scanners and computer-aided design and computer-aided manufacturing digital services for dental procedures.