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.
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Santen Acquires Eyevance Pharmaceuticals
Japan’s Santen Pharmaceutical announced Sept. 16 that it had acquired Eyevance Pharmaceuticals for $225 million in cash. In the deal, Santen Holdings US, a wholly owned subsidiary of Santen, will a...
Aura Doses First Patient in Phase II Study of Suprachoroidal Administration of AU-011 for Choroidal Melanoma
Aura Biosciences announced Sept. 11 that the first patient had been dosed in a Phase II study of suprachoroidal administration of AU-011, the company’s lead product candidate, as a potential first-...
GenSight Submits Lumevoq for LHON to EU for Marketing Authorization
French company GenSight Biologics announced Sept. 15 that it had submitted the marketing authorization application (MAA) for its gene therapy Lumevoq to the European Medicines Agency (EMA), seeking...
Azalea Vision of Belgium to Develop Smart Contact Lens with Dynamic Artificial Iris
Azalea Vision, a Belgium spinout, will develop a smart contact lens designed to function as an artificial iris, according to four research groups that collaborated on the prototype. The groups are ...
Visible Genomics Launches DNA Testing for AMD Risk
Visible Genomics, a Chicago-area genetics testing company, announced Sept. 14 that it had launched a non-invasive genetic eye test that determines a patient’s likelihood of contracting age-related ...
US FDA Clears Aerie’s Ireland Facility for Production of Rhopressa
Aerie Pharmaceuticals announced Sept. 15 that its sterile fill production facility in Athlone, Ireland, had received approval from the US FDA for production of glaucoma drug Rhopressa (netarsudil o...
LumiThera, Diopsys Team Up for Study of Photobiomodulation in Dry AMD
LumiThera, of Seattle, announced Sept. 10 that it is collaborating with Diopsys to support the ELECTROLIGHT study in dry age-related macular degeneration (AMD). The study will be conducted at the P...
Innovations Will Propel OCT Market to $549 Million in Revenue in 2020
Recent innovations in optical coherence tomography (OCT) technology—such as systems that are combined with fundus imagers—and software advancements, including OCT angiography, are growing in popula...
PDL BioPharma to Spin off LENSAR on Oct. 1
PDL BioPharma announced Sept. 10 that it would spin off its LENSAR subsidiary on Oct. 1. LENSAR, which sells the LENSAR Laser System for femtosecond-laser assisted cataract surgery (FLACS), has bee...
France Imposes $527 Million in Fines on Novartis, Roche, Genentech Over Claims Related to Lucentis Tactics
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French antitrust authorities announced Sept. 9 that they have imposed fines totaling $527 million (€445 million) on Swiss companies Novartis and Roche, plus Roche subsidiary Genentech, claiming tha...
Study Finds that Boosting NAD+ Levels Can Prevent Retinal Disease
A preclinical study at Emory University has found that a vitamin B3 derivative called nicotinamide riboside prevents light-induced retinal damage in mice. The study, led by ophthalmology professorJ...
Ocular Therapeutix Reports Resolution of FDA Warning Letter from 2018
Ocular Therapeutix reported Sept. 9 that is had closed out a warning letter from the US FDA related to ReSure Sealant. The Bedford, Massachusetts, company launched ReSure Sealant in the US in 2014 ...
Past News Stories
BVI Introduces Malosa Refractive Single-Use Instruments to US
BVI has expanded its Malosa range of single-use ophthalmic instruments in the US to include specialty instruments for use in corneal refractive procedures such as LASIK, PRK, and SMILE, the company...
AMA Issues CPT Category III Codes for Artificial Iris Implantation
The American Medical Association has issued three separate CPT codes for the insertion of an iris prosthesis, according to a news release Sept. 8 from VEO Ophthalmics, of Cincinnati. The CPT Catego...
Scotland OKs Reimbursement for Alimera’s Iluvien for Non-Infectious Posterior Uveitis
Alimera Sciences announced Sept. 8 that the Scottish Medicines Consortium, after completing its assessment and review, had accepted Iluvien (fluocinolone acetonide intravitreal implant) 0.19 mg for...
American BriVision Says Phase I Results Support Advancement of Vitargus
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American BriVision reported on Sept. 9 results from its Phase I clinical trial of its vitreous substitute product candidate Vitargus. The Fremont, California, company said the safety and preliminar...
Ocular Therapeutix Doses First Patients in Phase III trial of Dextenza in Children
Ocular Therapeutix, of Bedford, Massachusetts, announced Sept. 10 that it had dosed the first patients in a Phase III trial of Dextenza (dexamethasone ophthalmic insert) 0.4 mg for ocular inflammat...
Gemini Enrolls First Patient in Phase IIa Study of Dry AMD Candidate
Gemini Therapeutics announced Sept. 10 that it had enrolled the first patient in its Phase IIa study of GEM103, a recombinant Complement Factor H for geographic atrophy (GA) secondary to dry age-re...
Lineage Wins Israeli Grant to Partner on Development of Bio-Retinal Patch
Lineage Cell Therapeutics announced Sept. 8 that it had been awarded a research and development grant of up to 1.95 million Israeli New Shekels (approximately $573 thousand) from the Israel Innovat...
Orasis Raises $30 Million to Advance Eye Drop for Presbyopia into Phase III
Israel’s Orasis Pharmaceuticals announced Sept. 10 that it had closed a $30 million Series C financing. The financing was led by new investor Bluestem Capital and returning investor Visionary Ventu...
Surgeons Rebuild Corneas Using Stem Cells from Patients
Surgeons at Massachusetts Eye and Ear have rebuilt damaged corneas in four patients using the patients’ own stem cells in a first-of-its-kind procedure in the US, the Harvard teaching hospital anno...
Topcon Launches its Aladdin-M in US
Topcon announced Aug. 28 that it had launched its new Aladdin-M instrument in the US market. The company said the device supports myopia management by combining corneal topography, pupillometry, an...
J&J Launches TECNIS Synergy, Eyhance IOLs in Canada
Johnson & Johnson Vision announced Aug. 13 that it had launched the TECNIS Synergy and TECNIS Eyhance intraocular lenses (IOLs) in Canada. The Santa Ana, California-based J&J unit said the TECNIS S...
Injectsense Implantable IOP Monitor Gets US FDA Breakthrough Device Nod
Injectsense, of Emeryville, California, announced Sept. 1 that it had received the US FDA breakthrough device designation for its continuous intraocular pressure (IOP) monitoring system for glaucom...
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