BioCentury
ARTICLE | Product Development

The eyes have it

September 29, 2008 7:00 AM UTC

Continued increases in investment, new targets and expanded delivery options signal growing interest in ophthalmics, resulting in nearly 40 deals since January 2007, led by Novartis AG's $10.4 billion purchase of a 25% stake in Alcon Inc., and over $370 million in venture financing. Investors believe the sector is ripe for growth due to an aging population, unmet medical needs and increasing interest from large pharmas.

The amount of venture capital going into ophthalmic companies rose from $123 million in 2004 to $210 million in 2006. Over the same period, companies with an interest in the eye space raised in excess of $1.5 billion from all capital market sources (see Ophthalmic Money Raised," A2). ...