Sydnexis Secures $45 Million Series B Financing Led by Visionary Ventures and Bluestem Capital

10 August 2021 – SAN DIEGO, CA– Sydnexis, Inc., a clinical stage biopharmaceutical company with a proprietary formulation of low dose atropine for the treatment of progressive myopia, today announced the completion of a $45 million Series B financing led by Visionary Ventures, Bluestem Capital, and SC Master Fund, with participation from existing investors RA Capital Management, Longitude Capital, and Medicxi. The financing will be used to fund Sydnexis’ lead candidate, SYD-101, through completion of the fully enrolled pivotal Phase 3 STAAR study for the treatment of progressive myopia in children.

Sydnexis’ STAAR study is the largest pediatric myopia study globally to investigate the use of low dose atropine to retard progressive myopia. In this study, Sydnexis is evaluating two different concentrations of its proprietary atropine formulation SYD-101 (0.01% and 0.03%) versus a placebo control group. SYD-101 is designed to be a best-in-class product with maximum efficacy, comfort and 3-year stability at room temperature, all important product attributes when developing drugs for use in children.

Click here to read the rest of the story on the Sydnexis website.

TherOptix - Monty Montoya Appointed CEO

July 20, 2021 – Boston – Monty Montoya has been named chief executive officer of TherOptix, a pre-clinical biopharma company focused on delivering clinically impactful therapeutics via a drug-eluding contact lens platform.  TherOptix has received orphan drug designation on its lead candidate (001) for prevention of proliferative vitreoretinopathy (PVR). 

 

“TherOptix is developing a novel ophthalmic drug delivery platform that has the potential to be a patient game-changer.  I look forward to leading this great team through regulatory approval and commercialization,” said Monty Montoya, “TherOptix will offer patients the safest and most efficacious way for critical medicines to be delivered to the front and back of the eye.” 

Read the rest of the press release here.

Shared by Tyler Stowater, board member of TherOptix, Inc.

OD Duo Breaks Ground With New Soft Contact Lens For Presbyopes

This article is posted to Women In Optometry and features Melissa D. Bailey, OD, PhD, associate professor at The Ohio State University College of Optometry and tells the story of Lentechs and their APIOC™ for Presbyopia contact lens. Read the full story here on their website or a PDF copy of the article here.

Shared by Tyler Stowater, board member of Lentechs LLC.

Lentechs Announces First Patients Enrolled in Two Milestone Clinical Trials

COLUMBUS, OH, May 18, 2021 – Lentechs, a clinical-stage ophthalmic medical device company developing a new generation of soft, suspended contact lens, designed to transform the treatment paradigm for presbyopia, today announced progress in its clinical program. The first patients have been enrolled in the Company’s milestone clinical trials LEN101 and LEN102 and fit with its investigational contact lens APIOC (pronunciation: AP•EE•OCK).

You can read the full press release here.

Shared by Tyler Stowater, board member of Lentechs LLC.

Orasis Pharmaceuticals Appoints Industry Veteran, Paul Smith, as President and Chief Operating Officer to Lead the Next Phase of Growth


April 26, 2021

HERZLIYA, Israel, April 26, 2021 – Orasis Pharmaceuticals, an emerging ophthalmic pharmaceutical company focused on developing an innovative pharmaceutical solution for the treatment of presbyopia symptoms, today announced the appointment of Paul Smith as president and chief operating officer (COO). Mr. Smith brings over two decades of leadership in eye care and will initiate the global expansion of Orasis from a development stage company into a leading commercial organization, with an immediate emphasis on the U.S. presence.

“I am excited to join Orasis Pharmaceuticals at such a pivotal time in the company’s history,” said Mr. Smith. “Orasis is one of the pioneers in the pharmacologic treatment of ophthalmic disorders, beginning with our focus on the temporary correction of presbyopia and the advancement of our Phase 3 program. It is a privilege to join the team as we build for the future with leaders in the eye care community to provide an alternative that positively impacts the quality of life for people with presbyopia.”

You can read the rest of the story here on Orasis’ website or an archive PDF version of the story here.

Shared by Tyler Stowater, board member of Orasis Pharmaceuticals.

AI Processes More than 23 Million Restaurant Transactions in 2020

SYNQ3 Restaurant Solutions’ off-premise technology helped several nationwide brands manage the spike in takeout orders as dine-in closed during the COVID-19 pandemic.

Colorado Springs, CO. (April 20, 2021) – Restaurants nationwide, from quick-service to fine dining, had to up their takeout and delivery game when the coronavirus hit. Would-be patrons quickly found out which restaurants offered convenient and efficient to-go services and which did not. At several nationwide chains, a voice-powered, conversational AI helped boost their takeout orders. This highly scalable system processed more than 23 million AI restaurant transactions in 2020.

Colorado-based tech company SYNQ3 Restaurant Solutions provides this AI, person-supported technology, also known as SYNQ Voice, for thousands of restaurants across the U.S. When the COVID-19 pandemic started shutting down dine-in services, SYNQ Voice experienced ordering spikes of more than 350 percent, CEO Steve Bigari said. Even now, the AI processes millions of transactions each month. SYNQ3 had to hire another 250 employees to keep up with the demand. Read the rest of the story here.

Shared by Tyler Stowater, board member of SYNQ3 Restaurant Solutions.

neurolens Announces the nMD2

Coppell, Texas, March 29, 2021 – In the spirit of continual eye care innovation, neurolens has announced the launch today of the neurolens Measurement Device, Gen 2 (nMD2). The nMD2 will be commercially available on July 1, 2021, but neurolens will starting taking orders immediately as part of a pre-sale offer. The nMD2 is an objective, accurate and repeatable way to measure binocular vision; or, more specifically, eye alignment. Employing over 10,000 data points per patient, the cutting-edge eye tracking system can identify eye misalignment as small as 0.1 Prism Diopters. The diagnostic information from the nMD2 is used to prescribe neurolenses with patented Contoured Prism technology, which bring the eyes into alignment, relieving the headaches, neck and shoulder pain, eye strain, dry eye and dizziness that many people experience when using their near vision.

Read the remainder of the press release here on the company’s website or a PDF archive copy of the story here.

Shared by Steve Kirby, board member of Neurolens.

OIS Podcast with Elad Kedar, CEO or Orasis Pharmaceuticals

From Ophthalmology Innovation Summit (OIS). Elad Kedar, CEO of Orasis Pharmaceuticals, explains the concept of pupil modulation, the mechanism of action behind Orasis Pharmaceuticals’ candidate drop to treat presbyopia. He reviews Phase IIb trial results and describes the design of the ongoing Phase III trial.

Click here to watch the video.

Shared by Tyler Stowater, board member of Orasis Pharmaceuticals.



OIS Podcast with Robert Dempsey, CEO of TearClear

From Ophthalmology Innovation Summit (OIS). Host Paul Karpecki, OD, FAAO, speaks with new TearClear CEO Robert Dempsey to uncover what has been necessary for him to succeed in the space.

Listen in as Robert Dempsey discusses the importance of assembling a trustworthy crew before zeroing in on goals and objectives. Learn how his professional experiences have helped him build out a unique medical advisory board for TearClear comprising 50% optometry and 50% ophthalmology and what the future of TearClear looks like.

Listen to Pocast or watch the video version of the podcast here.

Shared by Tyler Stowater, board member of TearClear Corp.

Neurolens® Publishes Whitepapers, "Decoding Binocular Vision"

Clinical studies on the neurolens® impact to patients and practices.

Click here to read a whitepaper published by neurolens® which includes these three topics:

  1. Factors contributing to the inaccuracy and lack of repeatability with the traditional subjective heterophoria measurements by Vivek Labhishetty (BSc Optometry, MSc, PhD)

  2. Neurolens®: a comprehensive way to treat digital (computer) vision syndrome by Vivek Labhishetty (BSc Optometry, MSc, PhD)

  3. A Financial Impact Study: Adopting neurolens® Technology by Gary Lovcik, OD

Shared by Steve Kirby, board member of Neurolens.

New Device Takes Robotics in Smaller, Simpler Direction

In this story published January 2021 in the General Surgery News, a prominent industry publication for General Surgeons, MIRA is featured (miniaturized in vivo robotic assistant). Dr. Jobst, a colon and rectal surgeon at Surgical Associates, PC, in Lincoln Nebraska is quoted in the story as well as Dmitry Oleynikov, MD the co-founder and chief medical officer at Virtual Incision.

Shared by Steve Kirby, board member of Virtual Incision Corporation.

Lentechs News, APIOC: Shaking Up the Status Quo for Presbyopes

See this publication, an advertorial, from Lentechs which has created an entirely new generation of soft, suspended contact lenses designed to deliver glasses-like vision. The publication can be found here online. Download an archive copy of the PDF here.

Shared by Tyler Stowater, board member of Lentechs LLC.

TearClear Announces Successful Completion of Pre-IND Meeting

TearClear Announces Successful Completion of Pre-IND Meeting with the FDA for a Preservative Free Multi-Dose Delivery of Latanoprost for the Treatment of Glaucoma

Prepared to file an IND in mid-2021 via the 505(b)(2) NDA pathway

Boston, MA, US, Dec 1, 2020 —

TearClear, an emerging ophthalmic pharmaceutical company, today announced the successful completion of pre-IND (Investigational New Drug) meeting with the U.S. Food and Drug Administration (FDA) regarding the development plan for the preservative-free multi-dose delivery of a proprietary Latanoprost formulation, including the clinical study design for the registration study.

“We are pleased with the outcome of the Pre-IND meeting and look forward to preparing the IND filing and commencing our pivotal registration trial in 2021,” said Robert Dempsey, Chief Executive Officer, TearClear. “The successful completion of this engagement with the FDA is an important milestone for the company and provides clarity and confidence as we advance our lead clinical program in the U.S.”

Read the remainder of the company’s press release here. Or a PDF archive copy is available here.

Shared by Tyler Stowater, board member of TearClear Corp.

Medgadget Interviews John Murphy, CEO of Virtual Incision

See what John Murphy, CEO of Virtual Incision, says about the MIRA (miniaturized in vivo robotic assistant”) Platform and how it will impact robotically assisted surgery in this story released by Medgadget.com. “Portable Surgical Robot for Minimally Invasive Procedures: Interview with John Murphy, CEO of Virtual Incision”, by Conn Hastings on November 2, 2020. An archived PDF copy of the story is available here.

Shared by Steve Kirby, board member of Virtual Incision Corporation.

Virtual Incision Receives Investigational Device Exemption (IDE) to Initiate Study of First-of-its-Kind MIRA Platform

Company Prepares MIRA for Use in Minimally-Invasive Laparoscopic Colon Surgery

Lincoln, Neb., and Pleasanton, Calif. – October 27, 2020 –Virtual Incision Corporation, a medical device company pioneering a first-of-its-kind miniaturized surgical platform, today announced it has received an Investigational Device Exemption (IDE) from the U.S. Food and Drug Administration (FDA) for the company’s MIRA® (“miniaturized in vivo robotic assistant”) Platform.

 The IDE will allow the company to initiate a clinical study of MIRA at a limited number of U.S. hospitals in support of the system’s regulatory pathway to approval.

“Because of its clear benefits for patients, the demand for robotically-assisted surgery continues to increase, though challenges still inhibit broader adoption. MIRA is intended to overcome these limitations, with a simple and cost-effective solution that offers the potential to bring minimally invasive laparoscopic surgery to many more patients,” said John Murphy, president and CEO of Virtual Incision. “The IDE approval for MIRA is an exciting and critical next step that will allow us to evaluate the safety and effectiveness of this novel device in patients. We look forward to working closely with the surgical teams and study sites to advance the MIRA surgical platform with the goal of making minimally invasive surgery more accessible.”

Colorectal and lower gastrointestinal procedures are among the fastest growing surgeries in the U.S., with more than 400,000 colon resection procedures performed each year. Minimally invasive colectomies have been shown to reduce mortality, and can also reduce a patient’s healing time, pain, complications, and hospital readmissions. Manual laparoscopic colectomies, though also minimally invasive, can be difficult to perform and can have less than ideal cosmetic outcomes.

 “Many benign and malignant conditions require removal of a portion of the colon. Currently the most common approach is open surgery, which involves a very large incision, a long hospital stay and several weeks of recovery,” said Dr. Dmitry Oleynikov, co-founder and Chief Medical Officer of Virtual Incision. “Open colectomies carry a high risk of surgical site infection and other complications that can negatively affect a patient’s quality of life.” 

 “Despite significant technological advancements and improved patient outcomes that can reduce the total cost of care, adoption of minimally invasive colon surgery has been limited,” said Shane Farritor, Ph.D., Virtual Incision’s co-founder and chief technology officer. “This milestone is a step toward a miniaturized solution to robotically-assisted laparoscopic surgery.”

 About the MIRA Platform

Virtual Incision’s MIRA®  Platform features a small, self-contained surgical device that is inserted through a single midline umbilical incision in the patient’s abdomen. Virtual Incision’s technology is designed to support multi-quadrant abdominal surgeries utilizing existing minimally invasive tools and techniques familiar to laparoscopic surgeons, and does not require a dedicated operating room or specialized infrastructure. Because of its much smaller size, the device is expected to be significantly less expensive than existing robotically-assisted surgical devices. 

 About Virtual Incision

Virtual Incision is reimagining robotically-assisted surgery, with simple innovations offering mobility, flexibility, and accessibility to provide minimally invasive options to more patients. The company is developing the MIRA (“miniaturized in vivo robotic assistant”) Platform, a first-of-its-kind miniaturized surgical device, focusing first on colon resection, with follow-on specialty robots for additional potential applications. The company is headquartered in Lincoln, Nebraska. For more information, visit https://virtualincision.com/.

 Cautionary Note Regarding Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our plans, beliefs, expectations and assumptions, as well as other statements that are not necessarily historical facts. You are cautioned that these forward-looking statements are only predictions and involve risks and uncertainties. Further, any forward-looking statement speaks only as of the date as of which it is made and we do not intend to update or revise any forward-looking statements. This communication also contains market data related to our business and industry which includes projections that are based on a number of assumptions we believe are reasonable and most significant to the projections as of the date of this communication. If any of our assumptions prove to be incorrect, our actual results may significantly differ from our projections based on these assumptions.

 Shared by Steve Kirby, board member of Virtual Incision Corporation.

TearClear Raises $22MM to Advance Multiple Clinical Programs in Development

TearClear announces appointment of Stuart Raetzman to Board of Directors

Boston, MA, US, Aug 11, 2020 — 

TearClear has raised $22M in a Series B funding round. The investment will be used to advance multiple clinical programs in development, with two lead candidates in glaucoma paving the way for future indications. Participating in the raise was Visionary Ventures, Bluestem Capital and Flying L Partners, who collaborated with Falcon Vision, a platform formed by KKR to advance innovation in ophthalmology.

The company also announces the appointment of Stuart Raetzman, who most recently served as Chief Executive Officer of Galderma, to the TearClear Board of Directors. “Stuart is a life science industry executive with proven success in pharmaceuticals, biologics, medical devices and over‐the‐counter products. His appointment further strengthens our Board and his commercial expertise will be a tremendous value to the team” said TearClear Chief Executive Officer, Robert Dempsey.

Read the rest of the press release here on TearClear's website or view a PDF archive of the story here.

Shared by Tyler Stowater, board member of TearClear Corp.

SYNQ3's Customer in the News

SYNQ3 delivers Restaurant 3.0 which includes omni-channel ordering from text to chat to voice to social media, along with other technology for restaurants. One of their customers is Chipotle and their efficiencies are highlighted in this Barron’s article, “Restaurant Stocks Are Getting Beaten Up Again. But Chipotle and Wingstop Are Winning the Pandemic”, by Jack Hough on July 2, 2020. You can find a PDF copy of the story here.

Shared by Tyler Stowater, board member of SYNQ3 Restaurant Solutions.

TearClear Appoints Key Team Members

We’re pleased to share these developments announced by TearClear with you.

In May, Dr. Amir Sjojaei was appointed as TearClear’s Chief Development Officer. His career has focused on the clinical development, registration and commercialization of bio-pharmaceuticals and biologics in multiple therapeutic areas. You can read the press release here, or find an archived PDF here.

In April, Robert J. Dempsey was appointed as Chief Executive Officer. Dempsey, who has more than two decades of experience in the ophthalmic pharmaceutical industry, is expected to accelerate TearClear’s business and commercial strategy, including advancing the robust pipeline and leading the company’s efforts in bringing innovative products to market. You can read the press release here, or find an archived PDF here.

We welcome you to listen to this OIS Podcast (Ophthalmology Innovation Summit), where Dr. Ehsan Sadri speaks with Bob Dempsey about his experience taking Xiidra (Zy-dra) to market for Shire led him to the driver’s seat for one of the most promising new drug-delivery companies.

Shared by Tyler Stowater, board member of TearClear Corp.