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Visiogen
Ophthalmic medical device company developing vision alternatives for patients with cataracts, with and without presbyopia
About Visiogen
Visiogen, Inc. operated as an ophthalmic medical device company, establishing its headquarters in Irvine, California. Founded in 2001 by Reza Zadno, the firm focused on developing vision alternatives for patients with cataracts, including those also affected by presbyopia. The company's primary product was the Synchrony® dual-optic accommodating intraocular lens (IOL), a device designed to be implanted during cataract surgery.
The Synchrony IOL was engineered to provide a continuous range of focus, aiming to reduce or eliminate a patient's dependence on glasses after surgery. This was achieved through a unique dual-optic system connected by a spring mechanism. The design featured a high-power anterior optic and a negative-power posterior optic, which worked together to change the eye's focus, mimicking the natural accommodation of a youthful eye. The lens was customized for each patient and implanted using a pre-loaded injector through a small corneal incision.
Visiogen's business model centered on the development and eventual sale of this specialized medical device to ophthalmic surgeons and surgical centers. The company navigated the complex regulatory pathways for medical devices, securing a CE mark for the Synchrony lens in Europe, which allowed for its commercial sale starting in January 2009. In the United States, Visiogen engaged in extensive Phase III clinical trials to gain FDA approval. A significant milestone was the FDA's approval in 2007 to expand these trials. A key achievement was the successful acquisition by Abbott Laboratories in a deal announced in September 2009 and completed in October 2009 for approximately $400 million in cash. This acquisition integrated Visiogen into Abbott's growing vision care business, known as Abbott Medical Optics. Despite the acquisition and European approval, the Synchrony IOL's journey through the FDA approval process was prolonged, and the product was eventually discontinued.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2001
- Headquarters
- Irvine, United States
- Employees
- 13
- Open positions
- None listed
- Dealroom signal
- 58.7/100
- Industry
- Health
- Sub-industry
- BioTechnology, Medical Devices
- Sector
- Biotech & Life Sciences, Biotechnology, Biomedical, Biotech and Pharma, Hard Tech, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
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Funding history
Company financing events and reported valuations.
Growth signals
Latest recorded traffic for Visiogen is 100 monthly website visits. Visiogen's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Sprout Group
Three Arch Partners
Series B and later8 investors entered at this stage
- PCProspect Capital Corporation
- CVCMEA Ventures
Novartis Venture Fund
New Leaf Venture Partners- FPFoundation Medical Partners
- PPProspect Venture Partners
Technology Partners- CCCMEA Capital
Other known investors1 additional known investor
Abbott
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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