Elenza, a Roanoke, Va.-based medical device company, was on the verge of bringing new technology to market that would give millions of cataract sufferers complete visual range until one of its financial backers — Fort Worth-based Alcon Labs — suddenly and unexpectedly pulled out of the project.
Losing Alcon was a huge blow, the firm’s CEO says. The action crippled its ability to find other funding and forced the company to furlough employees.
What the company learned in the ensuing months was worse. Alcon, it alleges, filed patent applications using Elenza’s technology learned during the short time it was a partner.
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