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Ocumetics Technology Corp V.OTC

Alternate Symbol(s):  OTCFF

Ocumetics Technology Corp. is a Canada-based research and product development company. The Company specializes in adaptive lens designs. The Company is focused on developing intraocular lens for people over 45 years of age. It is in the preclinical study stage of a technology for the ophthalmic industry. The Bionic Lens, which is an expandable intraocular lens that fits within the natural lens compartment of the eye to eliminate the need for corrective lenses. It is designed to allow the eye’s natural muscle activity to shift focus from distance to nearby. The Lens consists of self-adapting suspension systems that modulate curvature change. The Lens’s suspension systems are comprised of cushions that are designed to conform to unique parameters of each recipient’s eye. When ciliary muscles relax, during sleep or when the eye focuses upon distant objects, the optical interface is compressed into its high energy state by expansion of the suspension system.


TSXV:OTC - Post by User

Post by AL8888on Jun 08, 2022 1:23pm
230 Views
Post# 34740902

Progress!

Progress!A year ago they did a reverse take over with a publicly listed company. This solved the problem they previously had with getting the funding required for clinical trials without giving away too much of their equity and diluting their shareholders (which are mostly insiders).

Since then they have completed 3 phases of pre-clinical trials and intital results are promising. With a couple more reports coming this month. They also hired a high calibre Chief Medical Officer and entered into a couple of key partnership agreements.

Most exciting of all is that they have finally updated their web site, where you can find all of the information listed above and much more. and a very cool video illustration of how the lens works. The Investor brochure gives a very clear picture of the steps and the timeline moving forward. There is still further fundraising to be completed which will add to the outstanding share count, however, each succesful trial will show that they are on the verge of a disruptive change to the Intra-ocular lens market and to the ophthalmology industry as a whole and the share price will reflect that. 


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