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These fears were substantiated by the company’s CEO Joe Jimenez, who recently said that the project was progressing well and that the first prototype will likely be ready as scheduled. The companies expect that the first prototype will be tested on humans in 2016. The first prototype of the smart lens will be tested on people with presbyopia (farsightedness caused due to aging). Once the vision correction capabilities of the product are clearly understood, the subsequent processes will be set on track. While things certainly are moving on schedule for Novartis and Google, it be at least five years before the product is launched on the market.
Interestingly, the smart contact lens is the only vision-related innovation that Novartis has undertaken with Google. In 2014, the two companies made a joint announcement about teaming up for smart contact lenses that will help diabetics keep a tab on their blood glucose levels. The lens will feature a miniaturized sensor that carries the capability to provide blood glucose level readings by analyzing the wearer’s tears.
Ocular medical devices are increasingly making their presence felt in the medical devices industry and this has opened new avenues for research and collaboration.
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