OCuSOFT Acquires Digital Heat’s Eyelid Warming Device

OCuSOFT Inc., an R&D focused eye and skin care products company, in a joint venture with Essentia Pharma, a marketing and investment subsidiary of OCuSOFT®, announced it has acquired the intellectual property portfolio of Digital Heat Corporation, a science and technology—based company. The price was not disclosed.

Of note from this portfolio is a state-of-the-art eyelid warming device to be marketed as the OCuSOFT® Thermal 1-Touch.  OCuSOFT®’s Thermal 1-Touch offers preset modes and temperature settings which can treat four eyelids simultaneously.  These features provide improved patient convenience for in-office procedures. Significantly, the device eliminates disposables cost by leveraging the Digi Lens technology making Thermal 1-Touch cost-effective for physicians. The OCuSOFT®Thermal 1-Touch will compete with Alcon’s iLux® and Sight Sciences’ TearCare® devices whose base prices are considerably more expensive.

Stacy Foster, Chief Business Officer of OCuSOFT® and Chairman of the Essentia™ companies explains the acquisition; “OCuSOFT® and Essentia™ work together in product development funding as well as regional marketing. Together, we have been looking at various devices which could offer our doctors a full range of Dry Eye therapies. The problem with most of the devices we looked at was cost. Most were just too expensive.  Digital Heat fixed that with a convenient, easy-to-use treatment modality priced so that every office can afford it.”

Co-founders of OCuSOFT®, Cynthia Barratt, Chief Executive Officer and Nat Adkins, Chairman note; “We are especially pleased that John Devine, the brains behind Digital Heat is staying on as OCuSOFT®’s Vice President for Medical Devices. John has other ideas which he is excited to see developed and we look forward to working with him on future projects. As a result, our pipeline portfolio is exciting. It is a great time to be part of the OCuSOFT® family.”

John Devine, Founder and Inventor of Digital Heat, states “After creating the device, I aspired to partner with an elite company. Now the ability to join OCuSOFT® is a dream come true.”