MacuLogix Moves to Wind Down Operations as a 'Going Concern,' as Liquidity Issues Become Insurmountable

By Staff
Wednesday, May 25, 2022 12:30 AM MIDDLETOWN, Pa.—MacuLogix Inc., a company founded a decade ago to support ECPs with the tools and resources needed to diagnose and monitor patients with age-related macular degeneration (AMD), is winding down operations and has assigned its assets to a firm that specializes in working with creditors in business liquidation processes, according to a filing in the Delaware Court of Chancery late last week. This assignment of assets includes patent rights and related intellectual property. Maculogix, which conducted a months-long search for a buyer or new investors, owes approximately $23 million to secured creditors, according to the court filing.

Vision Source and Med Tech Firm Heru Announce Commercial Partnership and Launch of re:Vive

By Staff
Monday, August 9, 2021 12:18 AM HOUSTON—Heru Inc., an innovator in vision diagnostics and augmentation platforms, announced a partnership with Vision Source, which will serve as the worldwide launch partner for re:Vive, the wearable diagnostic and visual field application, according to an announcement Friday.