Seasoned sector executives insert experience in advance of anticipated continued company growth
BOSTON, Jan. 19, 2023 /PRNewswire/ — Ace Vision Group, Inc, (AVG) an rising ophthalmic machine organization centered on bringing impressive touchless lasers to clients suffering from age-connected vision reduction and eye diseases impacted by ocular rigidity, declared a number of executive appointments currently. John Frantzis will serve as Chief Organization Progress Officer and Alex Lopez will serve as Chief Commercial Officer efficient January 19, 2023.
“Our staff is ecstatic to have these kinds of noteworthy and knowledgeable strategic leaders in the ophthalmic business becoming a member of Ace Vision Group at this phase of the company’s journey,” stated AnnMarie Hipsley, DPT, Ph.D., Founder and CEO of AVG. “I have great regard for the achievements of both of those Mr. John Frantzis and Mr. Alex Lopez in each individual of their longstanding occupations in health care. I am keen to see their effect on AVG’s industrial technique and achievements. Making an impeccable executive management of C-amount expertise will add immeasurably to AVG’s continual growth towards commercialization of our flagship technologies, the VisioLite® Ophthalmic Laser System and the Laser Scleral Microporation (LSM) technique. LSM will be the first medical device for the therapeutic procedure of the progressive decline of Dynamic Assortment of Concentration (DRoF) which occurs with age and manifests as presbyopia.
As Chief Business Development Officer, Frantzis will guide AVG ‘s strategic venture cash funding attempts, international business enterprise advancement, distribution, and product sales. Frantzis has extra than 25 a long time of executive management expertise in rising systems with skills in manufacturing superior expansion and success pushed products and solutions in the biotech and pharma areas. Frantzis was a important member of administration that pioneered laser eyesight correction surgical procedures top Summit Technological know-how, Inc. into commercialization, which was later obtained for nearly $1 billion by Alcon. Frantzis also previously served on the govt administration group at Avedro, which was acquired by Glaukos in 2020 for $380 million. Most not long ago, Frantzis worked with Heru (Bascom Palmer innovation), in which he secured $30 million in a Collection A funding round led by D1 Money.
“The VisioLite Ophthalmic Laser Procedure is the most impressive know-how I have seen in the very last 20 decades. LSM remedy has the likely to have a important effect on the presbyopia sector, which is the biggest market place opportunity in ophthalmology with restricted offered therapy possibilities,” said AVG Main Small business Growth Officer, Frantzis. “I am honored to be component of the AVG staff and play a part in introducing a revolutionary therapy these kinds of as LSM into the ophthalmic market place.”
Lopez delivers much more than two decades of practical experience in the eye care field to AVG. In his new role as Chief Professional Officer, Lopez will be liable for the commercial start of AVG’s engineering platform, the VisioLite Laser and the LSM therapeutic technique. Beforehand, Lopez served as Chief Business Officer for Legrande Overall health, an impressive on the internet healthcare commerce platform. Lopez was also previous acting President of The Aliso Group, a health care and shopper consulting business, and has properly commercialized quite a few products from inception to industry. Lopez brings intensive advertising and marketing, sales and branding skills in the elective treatment market received through his profitable 22-12 months career. Lopez’s exceptional hybrid expertise in both ophthalmic therapeutics at Allergan and aesthetics at Healthegy AIS gives him the perfect distinctive mixture of skills to start AVG’s therapeutic platform. Lopez was critical in pinpointing AVG’s strategic reccurring earnings types for LSM, which like beauty injectables, is a option to rejuvenate the effects of a progressive getting older sickness.
“I am fired up to be operating with these an ingenious team and bringing revolutionary technological know-how to current market that has the potential to modify the presbyopia normal of treatment. This is a good prospect to produce a new recurring earnings category for ophthalmologists, whilst delivering people with a larger amount of care with the initial in-place of work therapeutic remedy for the presbyopic patient,” explained Lopez, freshly appointed Main Commercial Officer of AVG. “My longstanding expertise in ophthalmology mixed with my experience in aesthetics is beautifully suited to support the company and industrial eyesight of AVG.”
About Laser Scleral Microporation (LSM)
State-of-the-art Glycation Conclude Merchandise (AGEs) contribute to age-similar connective tissue injury, purposeful deficits, crosslinking of collagens and the progressive stiffening of connective tissues in the overall body. Ocular rigidity caused by progressive crosslinking and scleral stiffness has been connected to the etiology of the progressive reduction of Dynamic Variety of Emphasis (DRoF), characteristically identified as ‘presbyopia’. LSM is a new minimally invasive laser remedy aimed at rejuvenating the age-similar ocular rigidity triggered by AGEs. It performs by uncrosslinking scleral bonds and decreasing ocular stiffness to restore DRoF. This permits the all-natural dynamic actions of the ciliary muscle tissues that condition the crystalline lens in the eye to shift once again. LSM is a dosable, re-treatable resolution for the ever-progressive challenge of crosslinking and age-similar eyesight loss which can be used during the lifecycle of a pre-cataract presbyope. LSM therapy is performed with the VisioLite® touchless laser engineering and is the initial biomechanical answer to handle the fundamental biomechanical complications lurking driving the progressive reduction of DRoF. Early scientific studies have shown that there may perhaps be possible ocular overall health added benefits in restoring the DRoF purpose in the eye.
About Gen II VisioLite® Ophthalmic Laser System
The VisioLite® Ophthalmic Laser System is a very first in class 2.94um Er:Yag laser that has a patented robotic movement controller and eye tracker which lets the product to reach 360-levels of the extraordinary areas about the eye. The in-line OCT has the capacity to carry out serious-time adaptive depth management for the utmost basic safety. VisioLite is created with a sturdy software program module to permit the Microporation pattern to be personalized and repeated. The process is performed in-place of work and can take much less than 10 minutes. LSM is a touchless, painless remedy that rejuvenates the sclera with out touching any optical features of the eye. The method final results are apparent on the exact or future day. AVG is presently getting ready for the commercialization of its Gen II VisioLite® Ophthalmic Laser Process in 2023.
About Ace Vision Team
Proven in 2006, Ace Vision Group, Inc. (AVG) is a privately held U.S. ophthalmic health care device corporation establishing Laser Microporation Therapeutic systems to tackle age-linked eye dysfunction and restore the eye’s purely natural biomechanical functionality. AVG’s Laser Scleral Microporation (LSM) is the only therapeutic eye laser therapy that restores visible functionality obviously with out involving eyesight correction, artificial implants, or gadgets. AVG’s manufacturer promise is to provide the field of ophthalmology with impressive units, Microporation Therapeutic processes, and education and learning for the remedy and delay of onset of age-related ocular dysfunction, disability, and disorder. For far more information and facts about Ace Eyesight Team please take a look at www.acevisiongroup.com.
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