Vivani Medical Secures Funding and Clinical Momentum for Vision Restoration Technology

Vivani Medical (Vivani Med.inc.ew) enters 2026 with significant operational and financial momentum. Recent developments, including promising long-term clinical data from a subsidiary and a successful capital raise, have strengthened the company's position. These events may provide the foundation for the next critical phase of its clinical development programs.

In late January, Vivani Medical bolstered its balance sheet by securing approximately $4.5 million in new capital through a share placement. The company issued just over three million new shares in the offering. Management has indicated the proceeds will be allocated primarily to research and development for its product pipeline and for general working capital purposes.

A notable aspect of this financing was substantial participation from within the company's leadership. The Chairman of the Board of Directors acquired more than 1.3 million shares through a private placement. Such direct investment by key insiders is frequently interpreted by the market as a strong vote of confidence in the firm's long-term strategic direction.

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Investors can expect further financial details on March 26, 2026, when Vivani is scheduled to release its fourth-quarter and full-year 2025 financial results. This report will likely provide additional insight into the company's financial stability and the anticipated timeline for upcoming regulatory discussions.

Sustained Performance in Neuromodulation Study

Separately, Vivani's subsidiary, Cortigent, announced long-term results in late January from a six-year feasibility study for its "Orion" visual cortical prosthesis system. The data, from systems implanted in subjects between 2018 and 2019, demonstrated that the devices remained functional throughout the entire study period and continued to provide visual performance benefits to participants.

The technical reliability of the system was a key highlight, with electrode array retention rates exceeding 96%, indicating a loss rate of under four percent. Based on these sustained positive outcomes, Vivani's management plans to initiate formal discussions with the U.S. Food and Drug Administration (FDA) this year. The goal of these talks is to finalize the design of a larger-scale pivotal study intended to support regulatory approval for the Orion system.