Navigation Links
InnFocus, Inc. Receives IDE Approval of its Glaucoma Device and Secures Major Financing Led by HOYA Group, a Global Leader in Ophthalmology
Date:7/30/2013

Miami, Florida (PRWEB) July 30, 2013

The trial will be the first to use trabeculectomy with Mitomycin C as a study control. Quoting InnFocus President, Dr. Leonard Pinchuk, “We believe that the excellent clinical results achieved by the InnFocus MicroShunt in earlier clinical evaluations indicate that the device will perform well against the current gold standard of trabeculectomy. An ongoing study, now in its third year in the Dominican Republic, is showing that the InnFocus MicroShunt™ can lower intraocular pressure by 50%-60% with the average pressure residing between 10 and 12 mmHg. This is particularly important in view of many well-documented studies showing that reducing pressure below 14 mmHg arrests progression of the disease. Approximately 90% of our patients are below 14 mmHg and a similar number are totally off of glaucoma medication. The key to our success is our proprietary biomaterial which demonstrates a clinically insignificant foreign body reaction in the eye.”

Concurrently, InnFocus announced a $13.4 million financing led by HOYA and Saints Capital Everest. “HOYA has a well-established global portfolio of ophthalmic product companies. In addition to continuing innovation in intraocular lenses for treatment of cataracts, ophthalmic lenses for vision correction, and contact lenses for lifestyle enhancement, we have chosen an investment in InnFocus to continue our expansion efforts in ophthalmology,” said Taro Hagiwara, Executive Officer, Technology, of HOYA Group.

HOYA Surgical Optics specializes in intraocular lenses with substantial market share in Japan and worldwide. HOYA Vision Care offers the finest quality ophthalmic lenses and the most advanced coating techniques and lens designs available to correct refractive vision problems. Eyecity is a chain of contact lens specialty stores operated by HOYA with about 200 locations in Japan.

“We believe the InnFocus MicroShunt™ shows great promise to change the treatment of glaucoma. We are pleased to have the opportunity to invest in this compelling new technology and take part in bringing wellness to patients suffering from this disease,” said Thomas A. Dunlap, President and CEO of HOYA Surgical Optics.

Scott Halsted of Saints Capital said: “The Series B financing ensures that the Company will have adequate funds to complete the Phase I IDE, to begin Phase II enrollment and to clear the way for sales and marketing in Europe where the Company has received CE Mark.” Dr. Pinchuk added, “We are very excited that HOYA chose to invest in our technology and Company.”

About HOYA Group: Since its establishment in 1941 as a specialty manufacturer of optical glass, HOYA has diversified into new business areas that exploit the potential of advanced optics technologies including implantable intraocular lenses. The Group has continued to grow as a global enterprise through the expansion of its diverse business activities, which encompass Information Technologies, Eye care, Medical, and Imaging.

About InnFocus, Inc.: InnFocus, Inc. is a privately-held company headquartered in Miami, Florida. Company scientists and engineers are global leaders in the development of highly biocompatible biomaterials and medical devices. The InnFocus MicroShunt™ is the first of what the Company expects to be many medical devices incorporating these materials in the eye. The InnFocus MicroShunt™ was developed in collaboration with the University of Miami, Miller School of Medicine, Bascom Palmer Eye Institute.

Read the full story at http://www.prweb.com/releases/2013/7/prweb10970036.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. University of Western States Massage Therapy Program Receives Accreditation from Commission on Massage Therapy
2. Atlas Roofing in Columbus Receives Prestigious Talk of the Town Award
3. Machine-Like Performance in Skateboarding Receives Guinness World Record™ Status for Performance at The International Distance Skateboard Association Ultraskate
4. Saginaw, MI Family Dentist Dr. John M. Harasin Receives Top Reviews for Excellence in Patient Care and Comfort
5. J. William Groves, Jr. MD, FACOG, Receives InTone Specialist Certification to Treat Female Urinary Incontinence from InControl Medical, LLC
6. House of Brides Receives Early Response for Their Midnight Madness Sale
7. Tabitha Meals on Wheels Receives Support Through Golf from Gateway Sertoma
8. Corepoint Integration Engine Receives 2013 IHE USA Certification After Meeting Rigorous Security and Interoperability Requirements
9. Akerman Senterfitt's Joseph Hatchett Receives NAACP's William Robert Ming Advocacy Award
10. Loyola School of Nursing Online DNP Program Receives Federal Grant for Health Training
11. Local Breast Center Receives Two Coveted National Accreditations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... , ... As health professionals work to improve their approach to healthcare, there ... more than filling out a survey; in many cases health professionals and patients are ... care and research on the importance of active engagement with patients and members of ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... PurhealthRX ... CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil will ... and providing a CBD form that can be easily incorporated into liquid products, while ...
(Date:10/13/2017)... LUIS OBISPO, Calif. (PRWEB) , ... October 13, 2017 , ... ... Alzheimer’s or dementia. However, many long-term care insurance companies have a waiver for care ... is the 90-day elimination period, when the family pays for care, is often waived, ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Yisrayl Hawkins, Pastor ... that explains one of the most popular and least understood books in the Holy ... and puzzling descriptions that have baffled scholars for centuries. Many have tossed it off ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: ... “America On The Brink” is the creation of published author, William Nowers. ... As a WWII veteran, he spent thirty years in the Navy. Following ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... -- Cohen Veterans Bioscience and Early Signal Foundation announce ... home sensors for real-time monitoring of patients with trauma-related ... organization focused on disruptive health solutions for rare disorders ... to record and integrate behavioral, cognitive, physiological and contextual ... ...
(Date:9/25/2017)... 25, 2017   Montrium , an industry ... today—from the IQPC Trial Master Files & Inspection ... that EastHORN Clinical Services has selected eTMF ... TMF management. EastHORN, a leading European contract research ... increase transparency to enable greater collaboration with sponsors, ...
(Date:9/22/2017)... , Sept. 22, 2017  As the latest ... Senators Bill Cassidy (R-LA) and Lindsey ... notes that the medical device industry is in an ... device tax, the 2.3% excise tax on medical device ... they also want covered patients, increased visits and hospital ...
Breaking Medicine Technology: