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iScience announces Medtronic investment for rapid commercialization of microcatheters
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MENLO PARK, Calif. — iScience Interventional announced an investment by Medtronic to accelerate commercialization and further development of its microcatheter and imaging technologies, according to a news release.
"Microcatheters are rapidly redefining the treatment paradigm for a wide range of ocular diseases from glaucoma to macular degeneration," Michael F. Nash, president and CEO of iScience, said in the release. "We are excited to collaborate with Medtronic as we address some of the most significant intractable diseases of the eye."
iScience's microcatheter-based glaucoma procedure, canaloplasty, has become the standard of care for moderate to advanced glaucoma. The company's microcatheters are also being investigated in clinical trials for the treatment of retinal diseases.
"iScience has the potential to change how we address a wide range of ocular diseases," Steve Oesterle, MD, senior vice president for medicine and technology at Medtronic, said in the release. "The ability to deliver drugs, biologics, devices, and cell therapies directly to the site of the diseases may redefine how we manage several of the most significant sight-threatening conditions of the eye."