Sight Sciences, Inc. (Nasdaq: SGHT) (“Sight Sciences,” or the
“Company”), an eyecare technology company focused on developing and
commercializing innovative, interventional technologies that
elevate the standard of care, announced today the appointment of MK
Raheja, Ph.D. as its Executive Vice President, Research and
Development, and Brenton Taylor as its Executive Vice President,
Operations, effective November 4, 2024.
Sight Sciences also announced that Sam Park, its
Chief Operating Officer, who oversaw both R&D and Operations,
will be retiring from his role at the Company effective November
15, 2024, and will remain available as a consultant to help ensure
a smooth transition.
“We are very excited to have both MK and Brenton
join Sight Sciences as we continue to transform treatment paradigms
with disruptive new eyecare technology, and predictably scale our
operations and drive our innovation pipeline. We believe their
unique skill sets, with both MK’s ophthalmic innovation leadership
experience at several industry-leading ophthalmic organizations and
Brenton’s broad development and operational experience, directly
align with our vision of the future of eyecare,” said Paul Badawi,
Founder and Chief Executive Officer of Sight Sciences. “We are
confident the additions of MK and Brenton will further enhance the
capabilities of our strong executive team and set us up for
continued success at scale over the coming years. We are looking
forward to them partnering to lead the separate R&D and
operations organizations with dedicated resources to advance our
strategic plans and ensure we have the appropriate infrastructure
to support profitable growth over the coming years. I also want to
acknowledge Sam’s many contributions to Sight Sciences over the
last four years. He has been instrumental in helping to grow Sight
Sciences by contributing meaningfully to our reliable supply chain,
cost efficiencies, and the development of multiple innovations in
surgical glaucoma and dry eye. We thank Sam and wish him the very
best in his retirement.”
Dr. Raheja, Executive Vice President, Research
and Development of Sight Sciences, commented, “I am delighted to be
joining Sight Sciences at this critical juncture with major
projects in development in surgical glaucoma devices, sustained
glaucoma drug delivery solutions, and dry eye procedural solutions.
Sight Sciences is a leader in interventional glaucoma and dry eye
innovation with a commercial portfolio and pipeline of products
that are elevating the standard of care, and I look forward to
further expanding this innovation to deliver best in class
solutions to our eye care providers and patients.”
Mr. Taylor, Executive Vice President, Operations
of Sight Sciences, added, “I look forward to working with Paul and
the rest of the Sight Sciences team to improve the lives of our
patients. The company has two transformative growth opportunities
ahead and I am excited to leverage my background in high growth
MedTech to help Sight Sciences scale in a capital efficient way and
achieve its full potential.”
Dr. MK Raheja Biography
Dr. Raheja has more than 35 years of experience
in ophthalmology medical device innovation, overseeing global
ophthalmic R&D organizations responsible for bringing over 70
ophthalmic innovations to market. Over the past 18 months, Dr.
Raheja has been advising emerging ophthalmic companies and
not-for-profit entrepreneurial institutions. His most recent
corporate roles include Head of Surgical Vision R&D at Johnson
& Johnson Vision and Global Head of Corneal & Cataract
R&D at Abbott Medical Optics, spanning over a 14-year period,
which ended in April 2023. Prior to those roles, he served as Chief
Technology Officer for CIBA Vision (a Novartis Company), and as
President and Chief Operating Officer of Hill Top Research, Inc, a
private equity-funded clinical research organization with
operations in North America and Europe. Dr. Raheja began his career
at Bausch & Lomb in R&D where he held a number of
leadership positions, including Vice President, Research
Development & Engineering, and Vice President, New Product
& New Business Development. Dr. Raheja holds a Ph.D. from the
University of Massachusetts and an Executive M.B.A. from Boston
University.
Mr. Brenton Taylor Biography
Mr. Taylor has nearly 25 years of experience in
medical and energy technology development and operations,
overseeing innovation, product development, and manufacturing. He
most recently served as Chief Executive Officer at NEXT Energy
Technologies, a pioneer in organic photovoltaic (OPV) technology,
where he initially joined as Executive Vice President, Engineering
in 2021. Prior to this role, Mr. Taylor co-founded Inogen, Inc
(Nasdaq: INGN) (“Inogen”), a medical technology company offering
innovative respiratory products for use in the homecare setting,
where he spent over 20 years and was instrumental in developing and
scaling a line of innovative respiratory medical devices to $350
million in annual sales. His last role at Inogen was Executive Vice
President, Engineering. Mr. Taylor received a B.S. in microbiology
from the University of California, Santa Barbara.
About Sight Sciences
Sight Sciences is an eyecare technology company
focused on developing and commercializing innovative and
interventional solutions intended to transform care and improve
patients’ lives. Using minimally invasive or non-invasive
approaches to target the underlying causes of the world’s most
prevalent eye diseases, Sight Sciences seeks to create more
effective treatment paradigms that enhance patient care and
supplant conventional outdated approaches. The Company’s OMNI®
Surgical System is an implant-free glaucoma surgery technology (i)
indicated in the United States to reduce intraocular pressure in
adult patients with primary open-angle glaucoma; and (ii) CE Marked
for the catheterization and transluminal viscodilation of Schlemm’s
canal and cutting of the trabecular meshwork to reduce intraocular
pressure in adult patients with open-angle glaucoma. Glaucoma is
the world’s leading cause of irreversible blindness. The SION®
Surgical Instrument is a bladeless, manually operated device used
in ophthalmic surgical procedures to excise trabecular meshwork.
The Company’s TearCare® System is 510(k) cleared in the United
States for the application of localized heat therapy in adult
patients with evaporative dry eye disease due to meibomian gland
dysfunction (“MGD”) when used in conjunction with manual expression
of the meibomian glands, enabling clearance of gland obstructions
by physicians to address the leading cause of dry eye disease.
Visit www.sightsciences.com for more information.
Sight Sciences and TearCare are trademarks of
Sight Sciences registered in the United States. OMNI and SION are
trademarks of Sight Sciences registered in the United States,
European Union and other territories.
© 2024 Sight Sciences. All rights reserved.
Forward-Looking Statements
This press release, together with other
statements and information publicly disseminated by the Company,
contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The Company
intends such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. Any statements made in this press release that are not
statements of historical fact, including statements about our
beliefs and expectations, are forward-looking statements and should
be evaluated as such. These statements often include words such as
"anticipate," “expect,” “suggests,” “plan,” “believe,” “intend,”
“estimates,” “targets,” “projects,” “should,” “could,” “would,”
“may,” “will,” “forecast” and other similar expressions. We base
these forward-looking statements on our current expectations, plans
and assumptions that we have made in light of our experience in the
industry, as well as our perceptions of historical trends, current
conditions, expected future developments and other factors we
believe are appropriate under the circumstances at such time.
Although we believe that these forward-looking statements are based
on reasonable assumptions at the time they are made, you should be
aware that many factors could affect our business, results of
operations and financial condition and could cause actual results
to differ materially from those expressed in the forward-looking
statements. These statements are not guarantees of future
performance or results. These forward-looking statements include,
but are not limited to, statements concerning the following: the
nature and progression of the Company’s product pipeline; the
scaling of the Company’s operations; the advancement of the
Company’s strategic plans; anticipated benefits arising out of the
new executives’ employment with the Company, including with respect
to product innovation and the Company’s ability to achieve its
growth and profitability objectives; and the Company’s ability to
elevate the standard of care and deliver best in class solutions.
These forward-looking statements are subject to and involve
numerous risks, uncertainties and assumptions, including those
discussed under the caption “Risk Factors” in our filings with the
U.S. Securities and Exchange Commission, as may be updated from
time to time in subsequent filings, and you should not place undue
reliance on these statements. These cautionary statements are made
only as of the date of this press release. We undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
Media contact:pr@SightSciences.com
Investor contact:Philip TaylorGilmartin
Group415.937.5406Investor.Relations@Sightsciences.com
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