Latest Industry News & Trends
Market Scope provides comprehensive coverage of the ophthalmic and orthopedic markets. Our news stories are a combination of public and proprietary content ranging from coverage of international meetings, surgeon survey results and trends, analysis of company financial reports and public medical registries, press releases, and interviews with companies executive. Register today to receive free weekly email updates, our top data chart, surgeon poll results, and much more. Locked content can be accessed through a subscription to our ophthalmic or orthopedic industry newsletters.
Recently Added
LVI, TLC Management Firm Files for Bankruptcy as it Seeks New Ownership
Vision Group Holdings, the management company that oversees The LASIK Vision Institute (LVI) and TLC Laser Eye Centers (TLC), filed for bankruptcy protection May 29 due to the pandemic-related shut...
AAOS Registry Updates
The American Academy of Orthopaedic Surgeons (AAOS) published a summary of registry updates in its May issue of AAOS Now. Of note, the AAOS collaborated with the American Association of Neurologica...
Cole, MD, Is New AANA President
Brian Cole, MD, became president of the Arthroscopy Association of North America (AANA) on May 20. Cole is managing partner of Midwest Orthopaedics at Rush University and a physician for the Chicag...
Curexo Spine Robot Obtains CE Marking
Curexo announced May 18 that its spine robot, CUVIS-spine, received CE marking. CUVIS-spine assists with pedicle screw placement and intraoperative navigation. It is compatible with C-arm and O-arm...
Actifit Meniscal Scaffold Receives Breakthrough Device Designation
Orteq Sports Medicine said May 26 that its Actifit meniscal scaffold has been granted breakthrough device designation by the FDA. The scaffold is designed for patients with irreparable meniscal tea...
Smith+Nephew Launches Journey II Unicompartmental Knee
Smith+Nephew announced May 20 that it has launched its Journey II unicompartmental knee system. New features include Oxinium (oxidized zirconium) material technology, updated instrumentation, a lat...
Bausch + Lomb Announces European Launch of LuxSmart and LuxGood Preloaded IOLs
.jpg)
Bausch + Lomb announced May 27 the European launch of LuxSmart, the company's first extended depth of focus (EDOF) intraocular lens (IOL), and LuxGood, a new monofocal IOL. Both feature preload...
Mynosys, Maker of Zepto Platform, Changes Name to Centricity
Mynosys Cellular Devices, of Carlsbad, California, announced May 27 that it was changing its name to Centricity Vision. The maker of the Zepto capsulotomy platform said the change conveys the compa...
Port Delivery System with Ranibizumab Shows Positive Phase III Results in Wet AMD
Genentech, a member of the Roche Group, on May 27 released positive topline results from the Phase III Archway study, evaluating its Port Delivery System (PDS) with ranibizumab in patients with wet...
Roche Acquires Stratos Genomics to Further Develop DNA Sequencing for Diagnostic Use
Swiss drugmaker Roche announced May 22 that it had acquired Stratos Genomics, an early-stage sequencing technology company to advance the development of Roche’s nanopore sequencer. Using nanopore s...
American BriVision Raises $2 Million in Private Placement
American BriVision reported May 21 that it had raised $2 million after more than doubling its private placement to 890 thousand common shares at $2.25 per share to meet unexpected demand. Each inve...
Outlook Therapeutics Raises $16 Million in Private Placement
Outlook Therapeutics announced May 26 that it had raised $16 million through a private placement of common stock with investment firm Syntone Ventures, a US subsidiary of China-based Syntone Techno...
Past News Stories
Sanofi to Sell $13.2 Billion Regeneron Stake; Companies Will Continue to Collaborate
Paris-based drugmaker Sanofi announced May 25 that it would sell 12.8 million shares of Regeneron common stock, a stake worth more than $7 billion based on May 22’s closing price of $569.91, in a r...
Xbrane Raises $15 Million to Advance Xlucane
Xbrane announced May 20 that it had raised more than $15 million (SEK 146 million) in a directed share issue. The offering comprised 3,853,799 shares at about $4 per share and was heavily oversubsc...
FDA Accepts Kala’s New Drug Application for Eysuvis for Dry Eye Disease
Kala Pharmaceuticals announced May 26 that the US FDA had accepted for review the company’s new drug application (NDA) resubmission for Eysuvis (loteprednol etabonate ophthalmic suspension) 0.25% f...
Sonoma Gains CE Marking for Blepharitis Lid and Lash Spray
Sonoma Pharmaceuticals announced May 26 that it had received CE marking for its Microdacyn60 hypochlorous acid lid and lash formulation. The product, marketed in the US as Acuicyn, aims to keep are...
ASCRS is First Ophthalmic Group to Pull Off Major Virtual Meeting During Pandemic
The American Academy of Cataract and Refractive Surgery took the plunge first in holding an all-virtual meeting May 16-17 after originally canceling its meeting in Boston due to the COVID-19 pandem...
New COVID-19 Survey Series: Premium IOL Volume Faces Challenges in Rebounding
Results from Part 1 of Market Scope’s COVID-19 US Practice Impact Survey reveal that nearly 41 percent of surgeons expect a decrease in premium IOL conversion once the COVID-19 pandemic subsides. T...
PC-IOL Market Penetration Lags Despite Flurry of New Options
The market share for presbyopia-correcting intraocular lenses (PC-IOLs) has remained relatively flat over the last three years, despite a dizzying array of novel extended depth of focus (EDOF) and ...
Q1-2020 Ophthalmic Deals Reveal Continued Interest in Retinal Therapies, Dry Eye Treatments
Ophthalmic deals garnered over $2.4 billion in the first quarter of 2020, driven largely by dry eye and retina related fundraising. Twenty-one unique transactions occurred during this period, and 6...
Pandemic Leaves Backlog of Millions of Ophthalmic Surgeries
Ophthalmic elective procedures came to an abrupt halt for six to eight weeks in most markets, creating backlogs of surgical candidates. Many US states now allow elective surgery at outpatient facil...
ASCRS Speakers Analyze Latest Cataract Products, Status of Same-Day Surgery
This year’s meeting of the American Society of Cataract and Refractive Surgery (ASCRS)—a condensed, online version of the event due to the pandemic—focused on advances in cataract surgery to offer ...
ASCRS Presenters Showcase Innovations in Cornea Treatments
Advances in cornea disease management and transplant technologies were heavily discussed at the virtual 2020 ASCRS meeting, with the topics leading off a keratoconus symposium on Saturday afternoon...
COVID-19 News Briefs for May 2020
The American Academy of Ophthalmology (AAO) is considering three options for its annual meeting, scheduled for Nov. 13–17 in Las Vegas, according to George Williams, the AAO’s immediate past presid...
Want to Read the Full Article?
Already Have an Account?
Register A Corporate Account
A corporate accounts gives you access to licensed reports and subscriptions, the latest news, and a personalized dashboard.