SpyGlass Pharma Acquires Advanced Vision Science, Inc. (AVS), Securing Scalable Commercial IOL Supply and Accelerating Lens Portfolio Expansion Capability
SpyGlass Pharma announced the acquisition of all outstanding shares of Advanced Vision Science, Inc. (AVS), an ophthalmic medical device company manufacturing intraocular lenses and lens materials, for approximately $13 million in cash. AVS, a Santen subsidiary and current supplier of SpyGlass Pharma's IOL for its two Phase 3 trials of the BIM-IOL System, provides scalable commercial IOL manufacturing capacity.
Why it matters — This acquisition secures scalable commercial IOL manufacturing capacity and advances SpyGlass Pharma's lens portfolio expansion capability, which is relevant given AVS supplies the IOL used in its Phase 3 registrational trials.