Novartis buys Amblyotech to develop tech products for lazy eye
Reuters
Published Apr 20, 2020 06:42
ZURICH (Reuters) - Novartis (S:NOVN) has bought U.S. software start-up Amblyotech, to develop digital technology to treat children and adults with lazy eye, the Swiss drugmaker said on Monday.
Novartis said it would work with Ubisoft (PA:UBIP) and McGill University to treat the condition, also known as amblyopia, which can lead to vision loss and affects roughly 3% of the world's population.
Amblyotech uses active gaming and passive video technology with 3-D glasses, training the eyes to work together to view an image in full. Terms of the deal were not disclosed.
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Written By: Reuters
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