Novartis buys Amblyotech to develop tech products for lazy eye [Reuters]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
Novartis buys Amblyotech to develop tech products for lazy eye ZURICH (Reuters) - Novartis ( NOVN.S ) has bought U.S. software start-up Amblyotech, to develop digital technology to treat children and adults with lazy eye, the Swiss drugmaker said on Monday. Novartis said it would work with Ubisoft ( UBIP.PA ) and McGill University to treat the condition, also known as amblyopia, which can lead to vision loss and affects roughly 3% of the world’s population. Amblyotech uses active gaming and passive video technology with 3-D glasses, training the eyes to work together to view an image in full. Terms of the deal were not disclosed.
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