ClearSight LLC has announcd the acquisition of its parent company Sharklet Technologies by Peaceful Union, an equity medical device firm in Hangzhou, China. ClearSight LLC was co-founded by Drs. Kevin Cuevas and Shravanthi Reddy to develop the next generation IOL implant.
Terms of the deal were not disclosed.
“We believe that the biomimetic approach used by Sharklet Technologies will not only produce the most advanced IOL, but will most likely enhance the performance of a wide range of ophthalmic products,” Dr. Khalid “Kal” Mentak, CEO of ClearSight, LLC, said in a company news release.