Wednesday, July 22, 2015
Autofocus Contact Lenses Worth Billions
Novartis CEO Joseph Jimenez has told the Financial Times that the market for an "Autofocus" contact lens could be worth, "anywhere between $10 billion and $50 billion in the next ten years." The Financial Times went on to say; "While Google's efforts building a smart lens with a built-in wireless chip and glucose sensor have grabbed most headlines so far, the really juicy opportunity is in corrective eyewear. If the company can build a contact lens that offers its wearer 'autofocus' powers similar to those found in digital cameras for bringing scenes into tight focus, it can address a range of eye ailments and failings with a single solution, rather than requiring the kinds of fixed prescriptions that we use now, and that are often compromises rather than perfect solutions." For the first time, EPGL is revealing specifically that it has developed technology for an "Autofocus" contact lens with CooperVision, Inc. Read more.