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Thursday, Apr 18, 2024

Preview: A Second Sight Buyout Strategy

Second Sight Medical Products Inc. plans to combine with Pixium Vision SA, a French company, to pursue their common quest to develop bionic vision systems.The Sylmar company is working on its next-generation vision prosthetic, called the Orion system, which is complementary to a retinal-based system being made by Pixium.According to Acting Chief Executive Matthew Pfeffer, both companies have been aware of each other for many years and have had interactions in the past. The transaction will secure the future of both companies by reducing overhead costs and creating synergies, he said.Read the full story in the March 1 issue of the San Fernando Valley Business Journal.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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