Second Sight Medical Products Inc. (NASDAQ:EYES) Gains 17% on implant progress |
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By Marilyn Mullen |
Tuesday, 24 February 2015 11:14 |
The French Government is paying the bill for the device and surgery under its Forfait Innovation program which allows early access to the product to 30 patients with advanced RP, an inherited disease that frequently results in complete blindness. It affects ~24K people in France and ~167K Europeans. Second Sight is another medical company started by serial entrepreneur Al Mann, whose track record includes Advanced Bionics, MiniMed and MannKind (NASDAQ:MNKD). It has had an inauspicious debut, however. It peaked at $24.02 on November 20, the day after its IPO at $9 on the 19th. It then sold off hard, bottoming at $8.05 on January 26. Second Sight Medical Products, Inc. is a medical device company that develops, manufactures and markets implantable visual prosthetics to restore some functional vision to blind patients. The Company’s product, The Argus II Retinal Prosthesis System (Argus II) treats outer retinal degenerations, such as retinitis pigmentosa (RP).It restores functional vision for people suffering from blindness. "Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'. Add this page to your favorite Social Bookmarking websites ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |