NovaVision assets to be sold
NovaVision (Boca Raton, Fla.) filed for bankruptcy in April, and its primary asset, the Visual Restoration Therapy System (VRT), approved for marketing for the treatment of stroke, traumatic brain injury, amblyopia, and optic nerve damage, is now for sale.
VRT treatment has been offered at leading neurological, eye, and rehabilitation centers throughout the U.S. and Europe; the treatment can be prescribed by ophthalmologists, neurologists, or physiatrists. Data from a recent retrospective study showed that more than 70% of U.S. patients who underwent a six-month treatment protocol with NovaVision VRT showed significant improvement in their vision, the company said. The California-based Magnum Group has been contracted to handle inquiries.