Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

MOFO REPRESENTS ALCON IN SMART LENS LICENSE WITH GOOGLE

Mika Mayer
Mika Mayer

Mika Mayer

Contact lens that monitors blood-sugar levels and corrects vision is the latest in a series of tech products designed to monitor body functions 

Morrison & Foerster represented Alcon, the eye care division of Novartis AG, in an agreement with a division of Google Inc. to in-license its “smart lens” technology for all ocular medical uses.

During the last several months, the Morrison & Foerster team negotiated and drafted the agreement and performed the patent and transactional diligence. The agreement marries Alcon’s expertise in physiology and visual performance of the eye, clinical development, and evaluation with Google’s miniaturized electronics, low power chip design, and microfabrication capabilities.

“Morrison & Foerster has deep roots in the technology and life sciences industries and we are extraordinarily fortunate that Alcon called on us to represent them in this groundbreaking matter,” said Mika Mayer, co-founder of the firm’s Venture Intellectual Property Group and chair of the firm’s Medical Device Group. “Alcon’s latest agreement with Google has the potential to improve the quality of life for millions of people.”

The agreement with Google(x), a team within Google, provides Alcon with the opportunity to develop and commercialize Google’s “smart lens” technology, with the potential to transform eye care and further enhance Alcon’s pipeline and global leadership in lenses. Under the agreement, Google(x) and Alcon will collaborate to develop a “smart lens” that has the potential to address ocular conditions. The smart lens technology involves non-invasive sensors, microchips, and other miniaturized electronics that are embedded within contact lenses. Alcon plans to use this technology to help diabetic patients manage their disease via a continuous, minimally invasive measurement of the body’s glucose level, and to help people living with presbyopia (blurred vision).

Van Ellis

Van Ellis

“Alcon’s collaboration with Google is a transformative step in merging technology with health care, and MoFo is delighted to have worked with Alcon on this deal,” said Van Ellis, a partner in Morrison & Foerster’s Technology Transactions, Corporate, and Life Sciences Groups.

The Morrison & Foerster team representing Alcon was led by San Francisco partner Van Ellis and Palo Alto partner Mika Mayer, with assistance from Palo Alto of counsel Walter Wu and Gal Eschet, Palo Alto associate Amy Motomura, San Francisco associate Aaron Schohn, and London associate Deirdre Moynihan.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post