EssilorLuxottica acquires Ikerian AG; terms not disclosed

EssilorLuxottica (ESLOY) on Wednesday announced the acquisition of Ikerian AG, a health technology company, operating under the RetinAI brand, specializing in AI and data management in eyecare. This move reinforces the Group’s med-tech journey, adding advanced software powered by machine learning and computer vision, the company said in a statement. RetinAI develops advanced tools to collect, process and grade large-scale retinal images and biomarker datasets and partners with pharmaceutical companies and research organizations that leverage proprietary real-world evidence to accelerate clinical studies and drug development. “In the past year alone, we’ve made several bold moves in med-tech, all with the goal of building the most comprehensive, digitally enabled patient journey. RetinAI will add incredible value to an ecosystem that already includes comprehensive eyecare, advanced diagnostics, therapeutic innovation and surgical excellence. Leveraging its AI-powered analytics, we can turn clinical data into insights that enable faster, more accurate diagnoses and more effective disease monitoring. We are ushering in a new era of healthcare, and it will be transformative for patients everywhere”, commented Francesco Milleri, Chairman and CEO at EssilorLuxottica. Financial terms of the deal have not been disclosed.