Edison Issues Update on Pixium Vision (PIX)

Jul 27, 2016, 08:15 ET from Edison Investment Research

LONDON, July 27, 2016 /PRNewswire/ --

Pixium announced on 25 July that its Iris II epi-retinal implant has received CE mark clearance from European regulatory authorities. This pivotal step helps validate the device's safety and can enable the first stage of a commercial roll-out of this device in certain European markets. Our rNPV, inclusive of net cash, is €11.62 per share (vs €10.28 previously).

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Pixium Vision is a French medical device company developing retinal implants for patients with retinitis pigmentosa and macular degeneration. CE mark clearance was recently received on its initial product, Iris. A sub-retinal implant, Prima, is also being developed simultaneously.

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