Bionic eye gets a new lease of life https://spectrum.ieee.org/pixium-bionic-eye-tech-rescued by @meharris; Ex-#Neuralink exec Max Hodak's new company rescues #Pixium technology; "It's very important to us to avoid another debacle like Argus II."
"Hodak says that Science will hire the majority of Pixium’s 35 engineering and regulatory staff, in a push to get the technology approved in Europe as quickly as possible." (CE mark for medical devices.)
Welcoming Pixium Vision's PRIMA retinal prosthesis to Science https://science.xyz/news/pixium-vision-acquisition/ #Science has agreed to acquire assets from #Pixium #Vision SA, including three ongoing clinical trials in late-stage macular degeneration; retinal implant, #AMD
"We are pleased to inform you that the Paris Commercial Court approved the sale of the Pixium Vision business to Science Corporation" https://www.pixium-vision.com $ALPIX
Almost everybody knows somebody within their family who has dry age-related macular degeneration (AMD). This is a debilitating disease in which sufferers experience a progressive loss of the photoreceptor cells in the macula, a structure in the centre of the retina which processes what you see direc
#Pixium #Vision — Focusing on reaching the #PRIMAvera milestone https://www.edisongroup.com/research/focusing-on-reaching-the-primavera-milestone/32260/ On Pixium's #cash burn rate: Pixium "expects its funds on hand to last until approximately the end of July" (!); $ALPIX
May #The_vOICe be with you!
Having completed the required 38 implantations in late 2022, Pixium Vision’s key upcoming clinical milestone is the primary efficacy data, expected in or around year-end 2023, from the PRIMAvera European pivotal study assessing the safety and clinical benefits of the wireless Prima System in patients with geographic atrophy due to age-related macular degeneration (GA-AMD). The company’s FY22 results showed a milder operating loss than expected, coming in at €11.9m, below our €12.5m estimate. Pixium has since taken further steps to curb its cash burn rate, and it now expects its funds on hand (€4.7m gross cash as of 31 March) to last until approximately the end of July, versus its prior guidance of June 2023. It is working actively to raise additional funds and has hired two investment banks to reach potential investors worldwide. We have rolled forward our estimates and given that we expect the company’s focus in 2023 and 2024 will be on preparing the Prima System for EU market approval and launch (which we continue to model in H125), we have pushed back our US commercialisation forecast by one year, to H227. We now obtain a pipeline rNPV valuation of €140.1m (vs €146.3m previously).
(PDF, French) #Pixium #Vision annual report for the financial year 2022 https://www.pixium-vision.com/wp-content/uploads/2023/04/2023_04_25_Pixium_Vision_Rapport_annuel_2022.pdf retinal implant, $ALPIX; CE mark expected in Q4 2024 or Q1 2025.
(video, French) Retrouver sa vision à partir d’une rétine artificielle est un espoir bien réel https://vimeo.com/820803441