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Australian Bionic Eye Developer Sets Sights To Enter Market By 2020

 
• By Catherine Longworth

Australia's Bionic Vision Technologies (BVT) has raised AUS$23m ($18m) from Hong Kong-based investors, China Huarong International Holdings Ltd and State Path Capital Limited, to develop and commercialize its retinal implant device. The technology could reach the market 3-5 years from now.

The Bionic Eye
BVT aims to bring its bionic eye device to market within 3-5 years • Source: Bionic Vision Technologies

Australian firm Bionic Vision Technologies (BVT) has scored a AUS$23m ($18m) cash investment from Hong Kong-based backers to advance its retinal implant aimed at restoring vision to the blind.

BVT said it would use the funds to begin human clinical trials of its "bionic eye" in patients with the...

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