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ReVision Optics, Inc., a leading company in the development,
manufacturing and marketing of implantable products to correct
and maintain vision, recently announced that it has successfully
raised $25 million in a Series D financing led by Domain
Associates, with additional investments from existing investors
Canaan Partners and InterWest Partners. Brian H. Dovey, partner
at Domain Associates, will join the board of directors. ReVision
Optics, Inc. targets the refractive surgery market with an
emphasis on the surgical correction of presbyopia.
“With this financing, we have achieved another important
milestone in establishing the leadership and innovation of
ReVision Optics,” said J. Randy Alexander, President and Chief
Executive Officer of Revision Optics, Inc. “We are particularly
pleased that Domain Associates led this round and has joined our
existing investors in supporting the rapid advancement of
ReVision Optics’ product development. We welcome Brian Dovey to
the board of directors and look forward to his invaluable
support.”
Presbyopia is a common vision problem in the United States,
currently affecting more than 73 million people. ReVision
Optics’ PRESBYLENS™ gently reshapes the cornea to correct a
patient’s near vision. This lens is made from a proprietary,
optically clear, bio-compatible material that mimics the
properties of the cornea, and is removable. In recent clinical
trials, Revision Optics’, the PRESBYLENS™, appears to provide
positive patient outcomes.
ReVision Optics is presently conducting clinical trials off
shore for the PRESBYLENS™. The company will be introducing an
IDE in the third quarter of 2007.
“As the baby-boom generation lives longer, more active lives,
advances to correct eyesight are required. ReVision Optics is
addressing this growing medical problem with innovative products
that bring together leading-edge material science with surgical
procedures,” said Wende Hutton, Venture Partner, Canaan Partners
and member of the Revision Optics board of directors. “We are
excited that Domain Associates shares our enthusiasm for
ReVision Optics’ important work and has led this round of
financing.”
“The PRESBYLENS™ from ReVision Optics has the potential to be
the correction of choice for the near vision problems
encountered by everyone over age 45,” said Gil Kliman MD,
General Partner, InterWest Partners and Chairman of the ReVision
Optics board of directors. “The high quality customized optics
enable immediate clear vision at distance and near for patients
of all ages, with major advantages over bifocals, contact
lenses, and experimental surgical approaches. With the addition
of Domain Associates to our investor group we now have the
resources in place to bring this innovative product to market.”
For more information, please visit
www.revisionoptics.com |