U.S. biotech company Pieris Pharmaceuticals partnered with Roche subsidiary Genentech for $20 million up front and may be eligible to receive more than $1.4 billion in additional milestone payments, The Pharma Letter reported May 25.

Two ophthalmology clinics are opening in North Carolina, and private equity-backed ophthalmology companies are expanding. 

Durham, N.C.-based Duke Health is opening an eye clinic on its campus in Morrisville, N.C., on May 24, according to a LinkedIn post. 

In 2020, 64 percent of self-employed ophthalmologists experienced reduced patient volume, according to a compensation report by medical information company Medscape.

Developers have finished the building structure for an ophthalmology ASC in Alabama.

Biopharmaceutical company Aptinyx recently announced Joan Miller, MD, as a new addition to its board of directors.

Atlanta-based, private equity-backed EyeSouth Partners has completed its 10th affiliation in Georgia and its 23rd overall, according to a May 10 release.

Ophthalmology was hit hardest in the early stages of the pandemic, but average compensation rates remain steady.

Sacramento, Calif.-based UC Davis Health is expanding its ophthalmology ambulatory care center, the Ernest E. Tschannen Eye Institute, located on its main campus.

A state list of ophthalmology centers that have opened or broken ground this year:

Ophthalmology is no exception to the massive private equity push into healthcare. Here are five updates from PE-backed ophthalmology groups:

Erie (Pa.) Retinal Surgery has partnered with Omni Ophthalmic Management Consultants, according to a May 4 release. 

Chicago-based Midwest Vision Partners expanded its network to 52 locations with its latest partnership.

Chicago-based, private equity-backed Midwest Vision Partners has announced two partnerships in the past week.

Private equity-backed Eye Health America, an eye care practice management organization in Greenville, S.C., has partnered with The Eye Care Center, an optometric practice with three locations. 

Ophthalmologist Clay Holley, MD, is building an ASC in Butte, Mont., according to an April 25 LinkedIn post from the architecture firm Fusion.

Chicago-based Midwest Vision Partners has partnered with Canton-based Eye Centers of Ohio.

Chicago-based, private equity-backed Midwest Vision Partners announced a partnership with three different ophthalmology groups in the Detroit area.

Former ophthalmologist Christopher Olivia, MD, has been named the CEO of Philadelphia-based Rothman Orthopaedic Institute.

St. Louis-based EyeCare Partners has named David Clark, former president, as CEO, according to an April 20 release.