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MEDICAL RESEARCH INDUSTRY NEWS
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AcuFocus raises $65 million in funding

The KAMRA Inlay is spreading around the world

By Kylie MalstromPublished: December 02, 2011 12:45 PM

Irvine-based AcuFocus, Inc., a medical research and development firm, has closed a $65 million financing round led by Cowen Healthcare Royalty Partners. The funding will go toward further development of the company’s
AcuFocus is the manufacturer of the KAMRA inlay, a corneal inlay that has positively affected the treatment of presbyopia, or near vision loss.

“The KAMRA inlay offers a unique solution for the nearly 90 percent of individuals over the age of 45 who suffer from near vision loss today,” said Dr. Gregory B. Brown, managing director at Cowen Royalty. “With a strong global management team, outstanding clinical trial data and more than 7,000 inlays already implanted worldwide, AcuFocus is en route to long-term success.”

The KAMRA inlay is currently available in markets across Europe, the Asia-Pacific, the Middle East and South America. It has CE mark–which designates that AcuFocus has complied with all legal requirements–for use in the European Union and is an investigational device in the U.S. As such, it is still in clinical trial stages and not yet available for sale in the United States. AcuFocus plans to continue to expand with the backing it has received from surgeons and industry experts around the world.

“Presbyopia is not a disease and cannot be prevented; it is simply the normal aging process of the eye. Previously, there has been no real solution for presbyopia, but I believe that the KAMRA inlay now fills this gap,” said Dr. Richard Lindstrom from Minnesota Eye Consultants. “With 80 percent of refractive procedures occurring outside of the U.S., the KAMRA inlay is clearly a global business.”


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Comment at 12/9/2011