LumiThera announced today that it closed the second tranche of its Series C financing round with more than $10 million raised. The photobiomodulation (PBM) treatment developer earmarked the proceeds from the funding round for further clinical testing and commercialization of its Valeda light delivery system for treating dry age-related macular degeneration (AMD). LumiThera’s Valeda system […]
LumiThera inks distro deal with Nikon’s Optos
LumiThera said today it inked a distribution deal with Nikon (TYO:7731) subsidiary Optos to distribute its Valeda light delivery system intended for use in treating dry age-related macular degeneration. The deal will position Optos as the exclusive distributor of the device in 12 European countries, the Seattle-based company said. The device has already won CE Mark approval in the […]
Carl Zeiss joins ASML in patent countersuit against Nikon over lithography tech
European semiconductor manufacturer ASML and its strategic partner Carl Zeiss (ETR:AFX) today filed a patent infringement countersuit against Nikon (TYO:7731) in response to legal action taken by Nikon against the companies. The suits involve semiconductor manufacturing equipment, flat panel display manufacturing equipment and digital cameras. On Monday, Nikon filed its own patent case against ASML and Zeiss […]
Nikon’s Optos, Google’s Verily ink deal for machine learning in retinal imaging
Nikon (TYO:7731) subsidiary Optos and Google (NSDQ:GOOG) unit Verily inked a deal this week to develop technologies for machine learning-enabled retinal imaging. The deal calls for the companies will collaborate on improving the screening for diabetic retinopathy and diabetic macular edema, both among the leading causes of blindness worldwide. The program combines Nikon’s leadership in optical engineering and precision […]
3D printer Carbon raises $81m
Silicon Valley-based 3D printing company Carbon said today that it raised $81 million in a new funding round it plans to use for its medical device and auto part printing business. Get the full story at our sister site, Medical Design & Outsourcing.
J&J deals Cordis for nearly $2B | The week in medtech M&A
Nikon pushes into medtech with $400 mln Optos acquisition
(Reuters) – Nikon, the 98-year-old Japanese company best known for its cameras, has agreed to buy British retinal imaging firm Optos for 259.3 million pounds ($400 million) as it moves into the medical sector.
Nikon has previously said it intended to enter the medical sector to leverage its optical technologies and the Japanese group sees buying Optos as an important step in that long-term growth plan.
Kazuo Ushida, president of Nikon, said the company would expand the medical business further in the future.
China fines J&J and other contact lens makers for anti-trust violations
Chinese regulators slapped a string of contact lens and eyeglass makers with more than $3 million (19 million yuan) in fines after accusing them of violating the country’s anti-trust laws.
CAZ Investments raises $29M fund | Wall Street Beat
CAZ Investments raised a nearly $29 million funding round it plans to use to back medical companies that already have products on the market.
The Houston-based asset management firm reeled in $28.7 million from 61 unnamed investors, according to a regulatory filing.
CAZ Investments chairman Christopher Zook said the firm plans to use the cash to invest in commercialized companies.
