Safeguard Scientifics Inc., Wayne, said today that it is investing $25 million in PixelOptics, a Roanoke, Va., medical technology company developing electronically focusing prescription eyewear.
Safeguard, a holding company that buys stakes in growth-stage life sciences and technology businesses, is part of a group of investors that put $45 million into PixelOptics.
The Virginia company, founded in 2005, is trying to commercialize its emPower product, which reduces or eliminates distortion in multifocal lenses, Safeguard said. The eyewear initially will be targeted at people with presbyopia, a condition in which the eye's ability to focus on near objects worsens with age. -Paul Schweizer