Amblyotech, a US-based digital therapeutics company, announced that it has completed the sale of all of its outstanding shares to Novartis pursuant to a Share Purchase Agreement entered into between each shareholder of Amblyotech and Novartis. After the acquisition, Novartis intends to pursue the development of Amblyotech’s novel digital technology for the treatment of amblyopia, also known as “lazy eye.” Amblyotech’s approach utilizes an active gaming and passive video technology with 3D glasses to train patients’ eyes to work together, yielding a therapeutic effect. Its software employs a unique visual presentation, called dichoptic display, where each eye is presented with a different image using a proprietary algorithm to obtain co-operation with both eyes working together to view a full image.
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Source: https://www.prnewswire.com/news-releases/amblyotech-a-digital-therapeutics-company-announces-it-has-been-acquired-by-novartis-301043080.html