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Cure for Reading Glasses?

interfere with distance vision and which unlike Presbyopia, do not occur in all of the population. Of those who could benefit from the LASIK procedure, approximately 5% have chosen to undergo this procedure in the decade since LASIK was introduced. Presbyopia occurs in everyone, so eventually, any person can be a potential customer.

Financial analyst, Gary Hager of Manalopin, New Jersey and Palm Beach, Florida, states, "Wall Street would love to embrace a technology that could create an entirely new industry." However this will not come cheaply. He believes that as much as $75 million will be needed to bring this technology to market. This type of company (LenSar) with its potential for high growth and huge earnings makes it very attractive. The Street knows that it's less expensive in the long run to finance a new company with great potential in its early developmental stages than for major industry players to buy in at the top after it is a success.

Advanced Medical Optics recently purchased VISX, Inc. for $1.2 billion, and more recently Intralace for $808 million. "A cure for Presbyopia could be a billion dollar industry and the growth potential is enormous, if successful," says Hager.

Dr. Dello Russo says, "There are no guarantees that this laser technology will work. It will take at least five years to bring this through the FDA approval process. However in 1990, we had no guarantees that laser vision correction (LASIK) would succeed. Now it is a multi-billion dollar industry. We are encouraged so far with the results of the animal studies as we move on to the human trials, we think that this team of smart and experienced scientists has the best chance of succeeding," says Dr Dello Russo.


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