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Optical/Ophthalmic

Alcon prices $750m public offering

May 19, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Funding Roundup, Optical/Ophthalmic Tagged With: Alcon

Atia Vision closes $20m Series D

May 19, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Funding Roundup, Optical/Ophthalmic Tagged With: Atia Vision, Shifamed

Sight Sciences touts positive study results of dry eye treatment device

May 18, 2020 By Danielle Kirsh

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 […]

Filed Under: Clinical Trials, Optical/Ophthalmic Tagged With: Sight Sciences

BVI acquires certain ophthalmic device assets from Croma

May 18, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Optical/Ophthalmic, Research & Development Tagged With: BVI Medical, Croma

Olympic Ophthalmics wins FDA nod for iTEAR100 neurostimulator

May 14, 2020 By Sean Whooley

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 […]

Filed Under: Food & Drug Administration (FDA), Neuromodulation/Neurostimulation, Optical/Ophthalmic, Regulatory/Compliance Tagged With: FDA, Olympic Ophthalmics

Ocutrx debuts AR-assisted surgery system

May 14, 2020 By Nancy Crotti

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 […]

Filed Under: Business/Financial News, Featured, Optical/Ophthalmic, Robotics, Surgical Tagged With: American Society of Cataract and Refractive Surgery (ASCRS), Ocutrx Vision Technologies

FDA clears ophthalmic camera from Optina Diagnostics

May 13, 2020 By Sean Whooley

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. […]

Filed Under: 510(k), Food & Drug Administration (FDA), Imaging, Optical/Ophthalmic, Regulatory/Compliance Tagged With: artificial intelligence, Optina Diagnostics

Alcon rises on Street-beating Q1 results

May 13, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Optical/Ophthalmic, Wall Street Beat Tagged With: Alcon, coronavirus, COVID-19

Second Sight closes $6.8m offering

May 7, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Funding Roundup, Optical/Ophthalmic Tagged With: Second Sight

Second Sight prices public offering

May 1, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Funding Roundup, Implants, Optical/Ophthalmic Tagged With: Second Sight

Mojo Vision raises $51m for ‘smart’ contact lens

April 29, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Funding Roundup, Optical/Ophthalmic Tagged With: Mojo Vision, Personnel Moves

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