Irvine, Calif., August 20, 2020 – LensGen, Inc., an ophthalmic medical device company and developer of Juvene®, a disruptive fluid-optic intraocular lens (IOL) for cataract and presbyopia treatment, announces the initial Closing of a $10 million of the $20 million Bridge Financing. The company is also pleased to announce the election of James (Jim) Mazzo to its Board of Directors.
The financing was led by the corporate venture investment arm of HOYA Group and is part of a larger Series B Financing planned in early 2021 that will fund the company through approval of Juvene IOL pivotal FDA study. “We are pleased that LensGen continues to make excellent progress towards advancing their IDE approval process and position the company for initiation of Phase I FDA study,” said Akiteru Furukawa, General Manager, Hoya Corporate Venture Capital Group.
With over 40 years of experience building and advancing world-class ophthalmic organizations, Jim Mazzo joins the LensGen Board of Directors as one of the industry’s best-known, most respected and charismatic leaders. He serves on the ASCRS Governing Board, the AAO Foundation Advisory Board, and is an Executive Committee Member of the Medical Device Manufacturers Association (MDMA) and is founder and Chairman of Octane.