Ivantis, Inc.

N/A - Acquired Company
Minimally invasive glaucoma surgery (MIGS) devices

Strategic Profile

Ivantis positioned itself in the high-growth MIGS segment of ophthalmology, targeting surgeons and patients seeking less invasive alternatives to traditional glaucoma procedures. The Hydrus Microstent technology was FDA-approved in August 2018 and represented a differentiated approach to surgical glaucoma management. The Alcon acquisition integrated Ivantis into a larger global ophthalmology portfolio, enabling broader market reach and patient access.

Cyborg Score Rationale

Company was acquired in January 2022 and is no longer independently operational as of July 2026. Historical evaluation not applicable.

Top Insights

  • Ivantis raised approximately $136–$166M across 7 funding rounds from prominent healthcare investors including New Enterprise Associates, Delphi Ventures, and RA Capital Management
  • The Hydrus Microstent is a clinically proven device approved by the FDA for use with cataract surgery and as a standalone procedure in international markets (UK, Canada, Australia, Singapore, Germany)
  • Company held 59 patents, demonstrating significant intellectual property in the MIGS and ophthalmic device space
  • Ivantis operated in the fastest-growing segment of the ophthalmology market, positioning it as a strategic asset for a global eye-care company like Alcon

Named Competitors

  • MIGS Platforms — Leading MIGS device manufacturer with multiple surgical solutions
  • Dry Eye & MIGS Solutions — Interventional dry eye and MIGS device developer
  • MINIject — Minimally invasive glaucoma surgery microstent device
  • eyeFlow MIGS microstent — Schlemm canal stent with localized drug delivery for MIGS

Recent Developments

  • (January 2022) Acquired by Alcon for $475 million in upfront consideration
  • (August 2018) Hydrus Microstent received FDA approval for use in conjunction with cataract surgery in the United States

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