All tagged healthcare

Iranian-Made Exoskeleton Highlights Potential for Hardware Start-Ups

◢ A new crop of entrepreneurs are making Iran into a hub for hardware development, drawing on the country’s deep pool of mechanical and electrical engineering talent.

◢ One such company is Pedasys, which has designed and manufactured a lower-body exoskeleton to allow paraplegic or elderly individuals who are lower-limb disabled to walk. The company is backed by Shenasa, the venture fund of Pasargad Financial Group.

American Medical Company Second Sight Enters Iranian Market

◢ Second Sight has entered the Iranian market with two procedures in Shiraz. Patients were implanted with the Argus II system, which provides an artificial form of useful vision to those suffering from degenerative loss of sight. 

◢ The company entered into a partnership with Iranian firm Arshia Gostar Darman in 2016 and holds a license from the U.S. Department of Treasury that permits the sale of its devices Iran.