03.25.20

MicroSurgical Technology (MST) Announces the Acquisition of IP and Assets of IRISS Medical Technologies Limited

Source: MicroSurgical Technology

MicroSurgical Technology (MST) has acquired the IP and assets of IRISS Medical Technologies Limited, a United Kingdom private limited company, related to the Volk Eye Check product and additional technology and intellectual property. 

Terms of the deal were not disclosed.

The Volk Eye Check is a handheld ocular measurement device that measures and analyzes parameters used to screen and document ocular characteristics such as pupil diameter, horizontal visible iris diameter, interpupillary distance, pupil eccentricity, and strabismus angle, for contact lens fitting, eyelid surgery, and general diagnostic purposes. This acquisition adds a diagnostic capability to accelerate MST’s digital product development roadmap.

“MST is excited to add the IRISS technology to our portfolio as its support for objective surgical guidance and digital diagnostics fits perfectly within MST’s digital ophthalmology platform” Mike Waters, MicroSurgical Technology’s Vice President of Innovation & Technology, said in a company news release.
 
“Having worked with the Halma Group for many years, we are delighted that MST is making this acquisition and are excited by the potential it provides to MST’s digital diagnostics portfolio and its future development,” said Yuval Yashiv, Chief Executive of IRISS Medical Technologies.

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