Alcon (NYSE:ALC) announced that it commenced and priced a private offering of senior notes worth a total of $750 million. The Geneva, Switzerland-based vision care company is offering 2.6% senior notes due in 2030. The notes will be issued by Alcon Finance Corporation, an indirect subsidiary. They will be fully and unconditionally guaranteed on a senior […]
Optical/Ophthalmic
Atia Vision closes $20m Series D
Shifamed spinout and intraocular lens maker Atia Vision announced today that it closed the second tranche of a $20 million Series D financing. Campbell, Calif.-based Atia Vision said in a news release that the funding round that was led by Cormorant Asset Management with participation from The Capital Partnership, AMED Ventures and Shangbay Capital. The […]
Sight Sciences touts positive study results of dry eye treatment device
Sight Sciences today announced positive results from a clinical trial of its TearCare wearable eyelid technology. The Olympia study was a prospective, randomized multicenter trial that enrolled 235 dry eye patients across 10 sites in the U.S. The goal was to demonstrate the safety and effectiveness of a single TearCare procedure compared to the LipiFlow […]
BVI acquires certain ophthalmic device assets from Croma
BVI announced that it acquired the ophthalmic viscoelastic device (OVD) assets from Croma, as the two will combine for an R&D collaboration in the future. Financial terms of BVI’s acquisition were not disclosed. The pair of companies outlined their forthcoming collaboration as a partnership for additional products that will come to the market in the […]
Olympic Ophthalmics wins FDA nod for iTEAR100 neurostimulator
Olympic Ophthalmics announced today that it received FDA de novo clearance for its iTEAR100 neurostimulation technology for acute tear production. The Issaquah, Wash.-based company’s prescription iTEAR100 system stimulates a cutaneous nerve to temporarily increase acute tear production in adults. Olympic Ophthalmics’ neurostimulator is a stand-alone, pocket-size device that requires a 30-second-or-less application to the skin […]
Ocutrx debuts AR-assisted surgery system
Startup Ocutrx Vision Technologies (Irvine, Calif.) announced today that it is launching a new technology for surgery visualization. The OR-Bot Surgery Visualization Theatre includes the ORLenz augmented reality (AR) surgery headset with three visualization options, depending on the surgeon’s preference: A surgery view with augmented virtual patient and operating tool information. The choice of using […]
FDA clears ophthalmic camera from Optina Diagnostics
Optina Diagnostics announced today that it received FDA 510(k) clearance for its Mydriatic Hyperspectral Retinal Camera (MHRC-C1). The Montreal-based company’s ophthalmic camera captures images of the retina at multiple wavelengths under mydriatic conditions to provide eye care practitioners with a series of monochromatic images obtained in less than one second, according to a news release. […]
Alcon rises on Street-beating Q1 results
Alcon (NYSE:ALC) shares boomed today on first-quarter financial results that came in well above the consensus forecast. Shares of ALC shot up 7.6% at $57.22 per share in early-morning trading today, following yesterday’s release of the company’s earnings report. The Geneva, Switzerland-based vision care company posted losses of -$57 million, or -12¢ per share, on sales […]
Second Sight closes $6.8m offering
Second Sight Medical (NSDQ:EYES) announced that it closed an offering of its common stock worth approximately $6.8 million. The maker of visual prosthetic implants for blind individuals priced the offering of 7.5 million common stock shares at $1 per share last week, with Fordham Financial Management’s ThinkEquity division acting as a representative of the underwriters in […]
Second Sight prices public offering
Second Sight Medical (NSDQ:EYES) announced that it priced an underwritten public offering with expected gross proceeds reaching $7.5 million. The maker of visual prosthetic implants for blind individuals announced in March that it was winding down its operations amid the financial shock of the COVID-19 pandemic. At the time, the company said it would lay off […]
Mojo Vision raises $51m for ‘smart’ contact lens
Mojo Vision announced today that it raised more than $51 million in a Series B investment round as it develops its Mojo Lens smart contact lens. The round, led by New Enterprise Associates (NEA), also had participation from Gradient Ventures, Khosla Ventures, Liberty Global Ventures, Struck Capital, Dolby Family Ventures, Motorola Solutions Venture Capital, Fusion […]
