Bausch + Lomb and Sanoculis Announce Strategic Agreements Designed to Address Unmet Needs in Glaucoma
Bausch + Lomb has acquired a stake in Sanoculis and entered into an exclusive European distribution agreement for the minimally invasive surgical procedure MIMS®
VAUGHAN, ON and TEL AVIV, Israel, July 28, 2022 /PRNewswire/ — Bausch + Lomb Corporation (NYSE/TSX: BLCO) (“Bausch + Lomb”), a leading global eye health company dedicated to helping people see better to live better , and Sanoculis, an Israeli ophthalmic medical device startup, today announced that it has entered into strategic agreements aimed at addressing unmet needs in glaucoma. The companies have entered into an exclusive European distribution agreement for the Sanoculis Minimally Invasive Microsclerostomy (“MIMS®“), an innovative minimally invasive surgical procedure for the treatment of glaucoma. In addition, Bausch + Lomb has taken an equity stake in Sanoculis as part of a Series C funding round.
According to the World Glaucoma Association, glaucoma is the most common cause of irreversible blindness, and an estimated 79.6 million people had glaucoma in 2020, a number that is expected to rise to 111.8 million by 2040.1 MIMS® is a stentless, simple and rapid glaucoma treatment that effectively lowers intraocular pressure without the need for invasive surgery. MIMS®which is CE marked, creates a sclerocorneal drainage channel during surgery, eliminating the need to implant a stent in the eye as with existing stent procedures.
“It is estimated that the prevalence of glaucoma will continue to increase dramatically over the next nearly 20 years, and there remains a real need for new and alternative treatment options. Through our distribution agreement and our stake in Sanoculis, we reinforce our commitment to researching and making available new glaucoma treatment options for our customers and patients,” said Joseph C. Papa, CEO, Bausch + Lomb. “As a global leader in eye health with a fully integrated eye care portfolio, Bausch + Lomb remains committed to holistically addressing eye health issues, especially in areas of persistent unmet need like glaucoma.”
“The distribution agreement and investment is an important milestone for Sanoculis, as it demonstrates Bausch + Lomb’s strong confidence in our technology. Together, they will enable Sanoculis to expand its presence and customer base in Europe. Bausch + Lomb’s extensive distribution footprint in Europe will ensure that many more glaucoma specialists and their patients have access to MIMS®“, said Nir Israel, co-founder and CEO of Sanoculis. “We believe that MIMS® will be a strong addition to Bausch + Lomb’s product portfolio and reinforce Bausch + Lomb’s leadership position in the surgical glaucoma segment. “
“Having operated on a dozen patients with MIMS® device and the procedure, I believe the device has a very short learning curve and is a safe alternative to stent procedures,” said ike ahmedMedical Director and Professor, Prism Eye Institute, Canada. “MIMS® can be easily used with cataract surgery and suitable for most glaucoma patients. The clinical data of Europe demonstrates similar efficacy to trabeculectomy with fewer side effects. Leaving nothing behind leaves the door open for future treatment options, which is a big plus. »
In addition, the companies have entered into an option agreement, under which Bausch + Lomb has an option to purchase all of the assets of Sanoculis.
Sanoculis Ltd. is a medical device start-up developing an innovative surgical procedure for the treatment of glaucoma. This procedure is safe, effective and simple to perform and aims to complement the surgical solutions currently available in a multi-billion international market. For more information about the company and MIMS® procedure, please visit www.sanoculis.com.
About Bausch + Lomb
Bausch + Lomb is dedicated to protecting and enhancing the gift of sight for millions of people around the world – from the moment of birth through every stage of life. Its comprehensive portfolio of over 400 products includes contact lenses, lens care products, eye care products, ophthalmic pharmaceuticals, over-the-counter products, and ophthalmic surgical devices and instruments. Founded in 1853, Bausch + Lomb has a significant global research and development, manufacturing and sales footprint with more than 12,000 employees and a presence in nearly 100 countries. Bausch + Lomb is headquartered in Vaughan, ON with headquarters in Bridgewater, New Jersey. For more information, visit www.bausch.com and contact us at TwitterLinkedIn, Facebook and Instagram.
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- World Glaucoma Association. Retrieved from Glaucoma Information Statistics – Glaucoma Information (glaucomapatients.org). Recovered July 19, 2022.
MIMS® is a registered trademark of Sanoculis.
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