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STAAR Surgical Generates Cash From Operations During Second Quarter
Date:8/3/2009

ilable in the U.S. for sale during the third quarter. The KS-X Preloaded Hydrophobic Acrylic Injector System, which received CE Marking, will be available for the international markets during the third quarter.
  • Members of the Collamer Accommodating Study Team (CAST) reported surpassing 200 patient eye implants with the nanoFLEXCollamer Aspheric Single Piece IOL. Though early, the initial data is very encouraging and the Company expects that members of the CAST will present results during the American Academy of Ophthalmology meeting in October and the Company will determine the next steps during the fourth quarter.
  • "The STAAR team has accomplished a major goal with the generation of cash from operating activities as well as EBITDA during the second quarter. These significant milestones, six years in the making, were achieved by the successful execution by the management team of our sales strategy, which is focused on higher margin products, and vigilant control of costs. What's most important now is that we stay on track to generate cash from operating activities in the third and fourth quarters of this year and move to achieve positive net income," commented Barry G. Caldwell, President and CEO.

    "While our sales growth year to date has been impacted by our decision to de-emphasize sales of lower margin products, we are optimistic that we will achieve growth in both our Visian ICL and IOL lines for the second half of the year," Mr. Caldwell continued. "The FDA's decision to remove the integrity hold that halted scientific review of our Visian Toric ICL means that review of our PMA supplement has resumed. In addition, we are making progress in the regulatory process towards the approval of the Visian ICL and Visian Toric ICL in Japan. On the IOL front, our newly released nanoFLEX Collamer Aspheric IOL combined with the nanoPOINT Injector System and our newly approved Epiphany injec
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    Related medicine news :

    1. STAAR Surgical to Present at BMO Capital Markets 9th Annual Focus on Healthcare Conference in New York
    2. Review of STAARs Application for the Visian(R) Toric Implantable Collamer(R) Lens by FDA to Resume
    3. Review of STAARs Application for the Visian(R) Toric Implantable Collamer(R) Lens by FDA to Resume
    4. STAAR Surgical Announces Second Quarter 2009 Earnings Release Date And Conference Call
    5. Richard A. Meier Appointed to STAAR Surgical Board of Directors
    6. STAAR Surgical Completes Common Stock Offering
    7. STAAR Surgical Receives Japanese Clearance for the KS-Ni Preloaded IOL Injector System
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