NovaSight is a medical device company pioneering advanced eye-tracking technologies worldwide in pediatric ophthalmology.
NovaSight specializes in developing products across three key areas:
- Therapeutic – addressing lazy eye
- Diagnostic – detecting eye problems and diseases
- Monitoring and Prevention – halting the progression of vision impairment
The company is recognized globally for its expertise in processing eye movement data and utilizing it for diagnostic and therapeutic purposes in children.
The company’s flagship products, CureSight for treatment, and the FDA-approved therapeutic device are CE certified.
The company holds stakes in 2 subsidiaries located in the US and China.
One of the company’s strategic investors is Santen, the third-largest eye pharmaceutical company in the world from Japan. Another strategic investor is EssilorLuxottica, the world’s largest manufacturer of eyeglass lenses and owner of luxury brands such as Gucci and Ray-Ban (the company is valued at $70 billion and traded on the stock exchange in France).
3% of the world’s population suffer from a condition known as “lazy eye,” a phenomenon that can lead to severe vision problems and even blindness. Currently, the gold standard for lazy eye treatment involves patching, a treatment accompanied by numerous limitations such as physical discomfort, especially for children who must wear the patch for hours during the day, leading to negative social and psychological implications.
As a result, compliance with patch therapy is low, and many children are forced to repeat the treatment or, in cases of treatment failure, remain adults with lazy eye and vision problems.
Additionally, patch therapy is monocular and therefore does not aid in the development of binocular vision and depth perception – critical functions for daily activities such as driving, depth perception, and navigating stairs.
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