(PRESS RELEASE) ROSENBERG, TX — OCuSOFT Inc., an R&D focused eye and skin care products company, in a joint venture with Essentia Pharma, a marketing and investment subsidiary of OCuSOFT, announces it has acquired the intellectual property portfolio of Digital Heat Corporation, a science and technology-based company located in Phoenix, Arizona. The price was not disclosed.
Of note from this portfolio is an eyelid warming device to be marketed as the OCuSOFT Thermal 1-Touch. OCuSOFT’s Thermal 1-Touch offers preset modes and temperature settings which can treat four eyelids simultaneously. These features provide improved patient convenience for in-office procedures. Significantly, the device eliminates disposables cost by leveraging the Digi Lens technology making Thermal 1-Touch cost-effective for physicians. The OCuSOFT Thermal 1-Touch will compete with Alcon’s iLux and Sight Sciences’ TearCare devices whose base prices are considerably more expensive.
Stacy Foster, chief business officer of OCuSOFT and chairman of the Essentia companies explains the acquisition; “OCuSOFT and Essentia work together in product development funding as well as regional marketing. Together, we have been looking at various devices which could offer our doctors a full range of Dry Eye therapies. The problem with most of the devices we looked at was cost. Most were just too expensive. Digital Heat fixed that with a convenient, easy-to-use treatment modality priced so that every office can afford it.”
Co-founders of OCuSOFT, Cynthia Barratt, CEO and Nat Adkins, chairman note; “We are especially pleased that John Devine, the brains behind Digital Heat is staying on as OCuSOFT’s vice president for medical devices. John has other ideas which he is excited to see developed and we look forward to working with him on future projects. As a result, our pipeline portfolio is exciting. It is a great time to be part of the OCuSOFT family.”
John Devine, founder and inventor of Digital Heat, states, “After creating the device, I aspired to partner with an elite company. Now the ability to join OCuSOFT is a dream come true.”