Second Sight Medical Products Completes Merger with Nano Precision Medical and Becomes Vivani Medical, Inc.
August 30, 2022
Second Sight Medical Products completed its merger with Nano Precision Medical and changed its name to Vivani Medical, Inc., with the combined company trading on Nasdaq under the ticker VANI. The transaction brings approximately $55 million in cash to advance Nano Precision Medical's NanoPortal implant portfolio (including lead asset NPM-119) into clinical development and places Nano Precision CEO Dr. Adam Mendelsohn as CEO of the combined company.
- Buyers
- Second Sight Medical Products, Inc.
- Targets
- Nano Precision Medical, Inc.
- Industry
- Biotechnology
- Location
- California, United States
- Transaction Type
- Buyout
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