Ophthalmic treatment device manufacturer Nova Eye Medical has reported strong sales results following the US launch of its latest iTrack Advance glaucoma surgical device. The iTrack Advance is a consumable device with an illuminated fibre optic tip designed to improve the efficacy of canaloplasty surgery in treating glaucoma. The updated device was launched in May…
Ophthalmic treatment device manufacturer Nova Eye Medical has defined with the US Food and Drug Administration the clinical studies needed to progress to market its novel treatment for macular degeneration, a disease affecting the retina for which there is no cure. The company has been developing a 2RT minimally invasive retinal rejuvenation laser for intermediate…
Ophthalmic treatment device manufacturer Nova Eye Medical has reported strong sales for its glaucoma surgical device business in the four months to 31 October. The company sold iTrack and Molteno3 devices worth $4.4 million, up from $2.6 million in the four months to 30 June when sales were affected by Covid-19 lockdowns. iTrack is a…
Ophthalmic treatment device manufacturer Nova Eye Medical has established a new subsidiary, AlphaRET, to commercialise its laser technology for the treatment of intermediate age-related macular degeneration (iAMD). The new company will be the focus for developing the company’s 2RT minimally invasive nano-pulse ophthalmic laser therapy, and delineates the project from the company’s core business centred…
Newly renamed medical device manufacturer Nova Eye Medical has wasted no time expanding its product portfolio in the glaucoma field following the sale of its ophthalmic laser and ultrasound businesses. Nova, known before the sale this week as Ellex Medical Lasers, has used some of the $97.4 million proceeds to purchase the Molteno3 glaucoma drainage…
Ellex Medical Lasers will be reborn with the new name of Nova Eye Medical and will develop new opthalmic treatments following the completion of the sale of its opthalmic laser (pictured) and ultrasound businesses. The company told investors it had completed the sale of the businesses, together with the Ellex name, to London’s Lumibird Group…
Medical technology company Nova Eye Medical has seen sales including its new iTrack Advance glaucoma surgical device product of $5.7 million in the four months to 31 October, materially exceeding its forecast of $5.1 million. Launched in Europe and Canada in June, the iTrack Advance is a consumable device with an illuminated fibre optic tip…
Solving sustainability problems, protecting healthcare providers from Covid-19, and using technology to train next-gen pilots are among the achievements of award-winning STEM innovators recognised at the Australian Academy of Technological Sciences and Engineering’s (ATSE’s) annual Awards, held tonight in Sydney. Australian Academy of Technological Sciences and Engineering (ATSE) President Hugh Bradlow said the award winners…
An Adelaide engineering company has further plans to tackle the global market with an export-friendly line of smart furniture and modular buildings.
The Western Australian government has announced $8 million in early-stage funding to help proceed medical and health innovations developed in the state. The first round of the Innovation Seed Fund provided assistance to 17 startups and publicly-funded institutes. According to the website of the Future Health Research and Innovation Fund, through which the funding came,…
