Mawson Infrastructure Group Inc (MIGI): Can-Fite Bio to acquire ocular device de...

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Monday, 05/04/2015 11:24:48 AM

Monday, May 04, 2015 11:24:48 AM

Can-Fite Bio to acquire ocular device developer

Douglas W. House, SA News Ed...

Can-Fite BioPharma (CANF) subsidiary OphthaliX (OTCPK:OPLI) signs a non-binding term sheet to acquire Israel-based Improved Vision Systems, a developer of devices to improve sight. It is focused on two types of products: 1) an indoor eye tracking solution which can be attached to a TV, computer screen, etc. that manipulates the projected image in a way that best compensates for the user's clinical impairment and 2) a goggles-based mobile device that generates high definition displays that are manipulated and moved based on the movement of each eye, thereby enabling vision-impaired people to regain their independence and mobility.
The proposed financial terms are not disclosed.

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