Arctic Vision to acquire MDCO Technology’s ophthalmic device business

China-based Arctic Vision has signed an statement for the acquisition of the ophthalmic instrumentality concern of MDCO Technology.

The transaction volition integrate MDCO’s intraocular lens (IOL), implantable interaction lens (Phakic Lens), and refractive instrumentality platforms into Arctic Vision’s planetary innovation model for ophthalmic solutions.

The acquisition is expected to heighten Arctic Vision’s capabilities by combining precocious instrumentality engineering and manufacturing from MDCO with its existing probe and improvement (R&D) successful therapies.

This integration aligns with Arctic Vision’s strategy to grow its pipeline successful areas with important unmet needs successful the ophthalmic sector.

Arctic Vision expects to physique a portfolio, leveraging its R&D strengths successful retinal, ocular surface, and neuro-ophthalmic areas alongside MDCO’s plan and manufacturing expertise.

Following the transaction, MDCO volition run arsenic a wholly owned subsidiary of Arctic Vision.

The combined radical volition support operations successful 3 locations: Shanghai for biopharmaceutical probe and regulatory affairs; Hangzhou for instrumentality R&D, manufacturing, and commercialized management; and California for plan and planetary collaboration.

MDCO specialises successful cataract and myopia-correction solutions, leveraging materials-science and precision-moulding expertise developed implicit astir 2 decades. Its Hangzhou tract is the centre for operations, manufacturing, R&D, and commercialized management.

Arctic Vision founder, president and CEO Dr Eddy Wu said: “This transaction represents a pivotal measurement for Arctic Vision’s semipermanent maturation strategy.

"Through the integration of MDCO’s ophthalmic instrumentality platforms with Arctic Vision’s pharmaceutical innovation capabilities, we are establishing a genuinely broad ophthalmic innovation ecosystem—one that integrates technological excellence with precocious manufacturing and commercialized scale.

“Looking ahead, we are gathering a institution structurally prepared for broader planetary concern information and aboriginal capital-market opportunities portion expanding our quality to scope much patients and present greater interaction crossed the ophthalmology assemblage worldwide.”

"Arctic Vision to get MDCO Technology’s ophthalmic instrumentality business" was primitively created and published by Medical Device Network, a GlobalData owned brand.

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