LumiThera, Inc. Announces Completion of Diopsys, Inc. Acquisition
SEATTLE, March 3, 2022 /PRNewswire/ — LumiThera Inc., a commercial stage medical device company offering photobiomodulation (PBM) treatment for ocular damage and disease, today announced the completion of its acquisition of Diopsys, Inc., a leader in modern visual electrophysiology medical devices that help eye care professionals analyze the entire visual pathway for visual and neuro-visual disorders. Diopsys is now a wholly owned subsidiary of LumiThera.
The acquisition creates a complementary diagnosis and monitoring platform to the Valeda® Light Delivery System, LumiThera’s leading treatment platform. Electroretinography (ERG) is an established diagnostic test that measures the electrical activity of the retina of the eye in response to a light stimulus. Diopsys has an established commercial U.S. sales force that will combine with LumiThera’s EU sales team to serve a large global footprint of eye care professionals.
“We are excited for the new combined entity and the potential to prevent vision loss,” indicated Joe Fontanetta, President, Diopsys. “The theranostic company will provide the tools eye care professionals need to diagnose, treat, and monitor patients, providing a solution for multiple ocular diseases with limited treatment options.”
LumiThera’s announcement precedes the possible release of its 13-month U.S. LIGHTSITE III trial data in intermediate dry Age-related Macular Degeneration (AMD) patients. The LIGHTSITE III trial enrolled 100 subjects, who are receiving Valeda treatments every 4 months. A 13-month efficacy timepoint for all patients will provide a predesignated early look at the primary vision endpoint. If successful, further efficacy analysis can be conducted to support FDA approval. The trial will continue to follow patients for 24 months for safety. If the groups have not separated at 13 months, the trial will remain masked and the primary endpoint will become the 21-month timepoint.
“The LIGHTSITE III trial mirrors FDA approval trials for wet AMD drugs in endpoints and duration, in measuring the progression of vision loss in intermediate dry AMD patients, and how Valeda treatments can improve vision and impact disease progression,” stated Clark E. Tedford, Ph.D., President and CEO, LumiThera, Inc. “We have seen positive clinical data in multiple clinical trials with Valeda in the last year. We have also seen increased adoption of Valeda’s non-invasive treatment for patients in approved European and South American countries over the last two years. We are excited to expand the approved use to the US and other global populations.”
Original Publication: https://www.prnewswire.com/news-releases/lumithera-inc-announces-completion-of-diopsys-inc-acquisition-301494735.html?tc=eml_cleartime/
Recent Posts
- Ground-Breaking, Drug-Free, and Clinically Tested BackVive Patch Offers Long-Lasting Relief to Chronic Back Pain Sufferers
- SWIR Vision Systems Announces Acuros GO 6 MP Handheld SWIR Camera
- LumiThera Announces Initiation of EUROLIGHT Registry Study to Evaluate Long-term Benefits of Photobiomodulation (PBM) Treatment using the Valeda® Light Delivery System in Patients with Dry Age-Related Macular Degeneration (AMD)
- SWIR Vision Systems Secures Direct to Phase II SBIR Award for Low-Cost SWIR ALPD Technology
- SWIR Vision Systems Unveils 6.3 MP and 4.2 MP Short Wave Infrared Cameras
Archives
- April 2024
- January 2024
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- October 2020
- September 2020
- August 2020
- July 2020
- April 2020
- February 2020
- January 2020
- September 2019
- June 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- October 2018
- September 2018
- July 2018
- June 2018
- April 2018
- March 2018
- January 2018
- October 2017
- April 2017