Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

EyeYon Medical Is an Israeli Medical Ophthalmic Device Startup

The company just raised $25 million.

EyeYon Medical

EyeYon Medical is a medtech startup which develops and markets medical ophthalmic devices. It says that its devices offer relief to the unmet clinical needs of millions of patients. The company just raised $25 million in a Series C funding, led by a global strategic leader in the ophthalmic industry and CR-CP Life Science Fund.

EyeYon Medical was founded in 2011 by Dr. Ofer Daphna, CEO Nahum Ferera MD, and Dr. Arie Marcovich, MD., and develops advanced technology to treat acute problems in the ophthalmic world. The latest round brings the total amount of capital raised by the company to $36 millionץ

The company boasts that it has created the market’s first ocular drug depot platform in the form of a non-invasive, comfortable, simple to use contact lens. The unique design of its Hyper-CL Therapeutic Soft Contact Lens increases contact time and bioavailability of topical drops on the cornea. The lens’ special design enables capturing and maintaining any drop applied on its surface and may facilitate faster and better cornea healing. The advanced design of the lens was found to be clinically beneficial in the treatment of corneal edema and for a variety of indications that are being clinically tested.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The company is just one of many Israeli medtech startups. Startup Nation is legendary not only for its cutting edge software and cyber security work, but also for its ground breaking innovations in new medical treatments and Star Trek level technology. Israel’s Oramed Pharmaceuticals Inc. (Nasdaq/TASE: ORMP), is developing proprietary technology for the oral delivery of drugs presently administered by way of injection. Embryonics, an Israeli startup, is developing and applying solutions which utilize artificial intelligence to improve the success rates of fertility treatments. Israeli medtech startup Ibex Medical Analytics uses artificial intelligence (AI) in cancer diagnosis.

And EyeOn Medical is not alone in the area of bringing eyesight to the blind. Israeli startup ForSight Robotics is developing a surgical robotic platform to deliver what it describes as high precision and cost-effective vision-saving surgery. And CorNeat Vision, an Israeli startup that develops biomimetic implant technology, recently successfully restored the vision of a 78-year-old man who had been blind for 10 years.

EyeYon’s future product is an Artificial Endothelial Layer – EndoArt, a polymer film implant, which is attached to the posterior corneal surface, to treat corneal edema secondary to endothelial dysfunction. The company explains that a non-functioning endothelium results in excess fluid flowing into the cornea, leading to corneal edema with severe vision loss. EndoArt is a synthetic barrier to the excess fluid, designed to treat the corneal edema.

“The overwhelming interest in joining our latest funding round reflects the confidence investors have in our unique and disruptive technology and its tremendous ability to address the clinical challenges and the huge market opportunity in the growing corneal implants market,” said Nahum Ferera, Co-Founder and CEO of EyeYon Medical.

“Together with our team of clinical and medical device experts, we have developed a novel solution which has already shown groundbreaking results and safety in human trials. The latest investments position EyeYon Medical as a global pioneer in the ophthalmology space and in corneal care.”

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.