BioLight Expands Opthalmic Cluster

BioLight is expanding its ophtalmic cluster, by adding an ocular impant to its portfolio. The company signed a non-binding Memorandum of Understanding with an American company,

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engaged in the discovery and development of pharmaceuticals and medical devices and innovative treatment for glaucoma, for an Ocular implant for sustained release of drugs.

Under the MOU, the American company will give, through a subsidiary company a worldwide exclusive option for an exclusive license, for use of the implant technology, including research and development, commercialization, production, distribution, marketing, sales and services.
BioLight currently controls IOpmtima, the developer of minimally invasive therapy for glaucoma based on proprietary technology.

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