Alphabet's Verily, Novartis Unit Alcon Put Glucose-Sensing Contact Lens Work on Hold

   By Stephen Nakrosis

Verily, a research group owned by Google parent Alphabet Inc. (GOOG), said Friday it was putting on hold a project to design contact lenses that could help diabetics measure glucose levels.

The company's Smart Lens program, which is being conducted with Swiss company Alcon, was one of the group's earliest projects, they said.

According to Verily, "clinical work on the glucose-sensing lens demonstrated that there was insufficient consistency in our measurements of the correlation between tear glucose and blood glucose concentrations to support the requirements of a medical device."

However, Verily also said it would continue working on other Smart Lens projects, focusing on "a smart accommodating contact lens for presbyopia and a smart intraocular lens for improving sight following cataract surgery."

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 16, 2018 17:10 ET (22:10 GMT)

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