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Devices & Diagnostics

Laser cataract surgery system preps for commercial launch with $24M round

A comprehensive laser eye surgery system that would automate manual incisions and eliminate the need for ultrasound power in cataract refractory procedures is preparing for commercial launch in the U.S., Europe and other international markets. LensAR Inc.’s laser system for cataract eye surgery combines advanced measurement and scanning technology with femtosecond laser technology, which uses […]

Pharma

Retinal degeneration treatment firm raising funds ahead of clinical trials

A Michigan company developing a treatment to help restore vision in patients with retinal degeneration hopes to have its lead candidate in clinical trials in 2012. RetroSense Therapeutics, an Ann Arbor startup company, is targeting patients with blindness from retinal pigmentosa (RP) and advanced dry age-related macular degeneration (dry-AMD) for its new therapy derived from […]

Devices & Diagnostics

Medical device dry-eye treatment LipiFlow wins FDA approval

A medical device dry-eye treatment that wants to replace eye drops has received U.S. Food and Drug Administration approval. North Carolina’s TearScience has won FDA approval for its LipiFlow Thermal Pulsation device, which can eliminate gland blockages that in many cases keep the eye from being properly lubricated. A limited number of the LipiFlow medical […]

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A Deep-dive Into Specialty Pharma

A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.

News

Abbott acquires optical device company Visiogen for $400 million

The company moved into the optical device market in February when it closed on a $2.8 billion deal to acquire Advanced Medical Optics, which made devices for cataract and LASIK surgery, as well as contact lens and eye solutions. Visiogen, meanwhile, has developed an intraocular lens that's implanted in a patient's eye after the original is removed due to cataracts.