Alcon to license Google ‘smart lens' technology

Alcon, the eye care division of Switzerland-based healthcare company Novartis, announced that it has entered into an agreement with Google to license its “smart lens” technology for all ocular medical uses.

The agreement brings together Google's expertise in miniaturized electronics, low power chip design and microfabrication with Alcon's expertise in physiology and visual performance of the eye, clinical development and evaluation, as well as commercialization, according to a press release.

The smart lens technology involves non-invasive sensors, microchips and other miniaturized electronics which are embedded within contact lenses. Alcon is looking into using the technology for:

  • Helping diabetic patients manage their disease by providing a continuous, minimally invasive measurement of the body's glucose levels. The lens is designed to measure tear fluid in the eye and connects wirelessly with a mobile device;
  • To provide accommodative vision correction to help restore the eye's natural autofocus on near objects in the form of an accommodative contact lens or intraocular lens as part of the refractive cataract treatment.

“This is a key step for us to go beyond the confines of traditional disease management, starting with the eye,” said Novartis CEO Joseph Jimenez in a statement.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.