"Bionic eye" manufacturer Second Sight Medical Products Inc. wants to offer its stock to the public.
The Sylmar company makes a prosthetic retina that improves vision for patients with a rare disease called retinitis pigmentosa. It filed for an initial public offering with the
Second Sight's Argus II system was approved by the
"We are very pleased to have filed our [IPO] application with the SEC and are looking forward to our next phase as a public company as we pursue our mission of restoring sight to the blind," Second Sight's chief executive, Dr. Robert Greenberg, said in an email. He said it was uncertain when an IPO might take place.
Clinical trials have demonstrated that Second Sight's prosthetic device, which took more than two decades to develop, helps people whose retinal cells were destroyed by disease to restore the ability to perform many daily activities. It does not fully restore vision, but allows patients to detect light, dark, objects and people.
Second Sight was co-founded by physicist and entrepreneur Alfred E. Mann, who is chairman of its board. Mann is also chief of