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TCU rises 20 places on influential U.S. News & World Report ranking

St. John's College in Annapolis, Md., has long disdained the rankings game. The liberal arts school, which focuses on the great works of Western civilization, was known for not responding to requests from U.S. News & World Report for information that the magazine uses to sort the nation's colleges.

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Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

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Barnett still packs economic punch, study finds

Despite reduced drilling and unstable gas prices, Fort Worth continues reaping the rewards of the Barnett Shale, according to a newly released study by The Perryman Group.7

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Time to make more Do-Nuts in DFW

Shipley Do-Nuts has signed a development agreement with Adkins Development Corp. to accelerate expansion in the Dallas-Fort Worth market.

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Leo's Foods to shutter Fort Worth plant, lay off 84

In a filing with the Texas Workforce Commission, Leo’s Foods will begin terminating employees over a 14 day period beginning Oct. 10.

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Google, Alcon to team up

Google and Alcon will team up for a line of smart contact lenes. 

 

 

 

Betty Dillard bdillard@bizpress.net

 

Alcon will work on a project with Google Inc. on a potentially groundbreaking project to develop lenses with non-invasive sensors, microchips and embedded electronics to improve vision, monitor insulin levels for diabetics or restore the eye’s natural focus. Alcon’s parent company, Swiss drug maker Novartis Group said July 15 that its Fort Worth-based eye care unit will join with Google secretive X division to develop and market the smart contact lens for ocular medical uses. No terms of the transaction were released. The smart lens technology involves non-invasive sensors, microchips and other miniaturized electronics that are embedded within contact lenses.

Google’s new smart lens technology has the potential to help diabetic patients manage their body’s glucose and help people with presbyopia to restore their eyes’ natural autofocus on near objects, according to a news release. “We are looking forward to working with Google to bring together their advanced technology and our extensive knowledge of biology to meet unmet medical needs,” said Novartis CEO Joseph Jimenez in a statement.

“This is a key step for us to go beyond the confines of traditional disease management, starting with the eye.” In an interview with Reuters, Jimenez said Novartis hoped to be able to commercialize the product within about five years. Under the new agreement, Google X, a team within Google, will bring its expertise in miniaturized electronics, microfabrication and low power chips, while Alcon will provide the medical know-how in physiology and visual performance of the eye as well as commercialization of contact and intraocular lenses. Google X is a facility run by Google dedicated to making major technological advancement. It is involved inresearch such as Project Glass to develop an augmented reality head-mounted display and a self-driving car. The transaction remains subject to anti-trust approvals. The three Alcon businesses – surgical, pharmaceutical and vision care – generated net sales of $10.5 billion in 2013. Alcon has more than 25,000 employees worldwide, with operations in 75 countries and products available in 180 markets. – Robert Francis contributed to this report.

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?