STAAR Surgical's Collamer(R) IOL and Elastimide(R) IOL Each Recognized with New Technology Intraocular Lens Clas...(half of all cataract surgeries inthe U.S...),Health

Date:7/24/2008

half of all cataract surgeries in the U.S. according to Market Scope, a leading market research provider for the ophthalmic market. The majority of STAAR's current IOL business is in the ASC segment. The NTIOL subset for Reduced Spherical Aberrations to which the STAAR Afinity Collamer and Elastimide Silicone Aspheric IOLs have been approved will allow this enhanced reimbursement beginning July 17, 2008 until February 26, 2011.

"STAAR is very pleased that CMS has recognized the benefits of our Aspheric Collamer and Silicone designed IOLs," said Barry G. Caldwell, President and CEO of STAAR Surgical. "These approvals allow us to compete more effectively in the market while increasing our average selling price which will assist in our gross margin improvement efforts. We have now completed four of the seven steps in our announced plans to re-engineer our cataract product line and drive to profitability. STAAR now has moved our entire IOL product offering to an enhanced reimbursement level for our customers by achieving NTIOL status on both Collamer Aspheric Single Piece and Three Piece (announced March 2008) IOLs as well as the Elastimide Aspheric IOLs along with the additional billing allowed for the STAAR Toric IOL. The remaining three steps to re-engineer our cataract product line include: improved delivery systems for the Collamer Aspheric Three Piece IOL, approval for the Collamer Toric IOL and offering the Elastimide Aspheric into the proprietary preloaded delivery technology."

About the Afinity Collamer IOL

Exclusive to STAAR Surgical Company, Collamer is a unique lens material that is composed of collagen, a UV-absorbing chromophore, and a poly-HEMA based copolymer. The Afinity Collamer Aspheric IOL Model CC4204A provides outstanding optical performance, including reduced spherical aberration, and is highly biocompatible. The Model CC4204A of the Afinity Collamer IOL is a single piece lens placed completely in the capsular bag. The lens ha
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SOURCE STAAR Surgical Company Copyright©2008 PR Newswire. All rights reserved

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