Bionic Eye in View of U.S. Market
report by the Wall Street Journal.
The device, called the Argus II and developed by Los Angeles-based medical device company Second Sight Medical Products, is already available in Europe. It implants electrodes in the retina of visually-impaired persons suffering from retinitis pigmentosa or macular degeneration, and uses video-capturing glasses to send images to the brain.
Second Sight has spent $200 million developing the product, half of which came from investors and the rest through federal grants.
More Articles on Medical Devices:Zimmer's 4Q Profits Drop 2.4% to $153M
Medical Device Tax Gathers $97M From Revenue in January
Sightpath Medical to Mobilize Femtosecond Laser for Cataract Surgery
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
- How Physician Thinking Changes After Working in ACOs
- 2014 Financial Impact Analysis Doesn't Stop With CMS' Final Rule: Don't Neglect CMS NCCI Edits
- 4 Drivers of Recent M&A Activity in Healthcare
- 8 Reasons to Outsource Medical Billing Services
- 5 ICD-10 Transition Considerations Medical Practices Have Likely Not Thought About