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Second Sight Medical Products (EYES) surges on FDA approval

Second Sight Medical Products (EYES) surges on FDA approval

Shares of Second Sight Medical Products (EYES) surged over 140% on Friday morning when they announced FDA approval for Argus 2s Retinal Prosthesis System. The company is a leading developer and marketer of implantable visual prosthetics that are intended to create an artificial form of useful vision for blind individuals, today announced U.S. Food and Drug Administration (FDA) has approved the Argus 2s Retinal Prosthesis System, a redesigned set of external hardware (glasses and video processing unit) initially for use in combination with previously implanted Argus II systems for the treatment of retinitis pigmentosa (RP).

 The Company expects that the Argus 2s will be adapted to be the external system for the next generation Orion Visual Cortical Prosthesis System currently under development.

In addition to ergonomic improvements, the Argus 2s system offers significantly more processing power, potentially allowing for improved video processing.

We are very pleased to have received this approval, as it presents an opportunity to offer external hardware that we believe enhance comfort and aesthetics compared with the legacy Argus II system

Matthew Pfeffer, CEO of Second Sight Medical