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IRIDEX Reports 2011 Fourth Quarter and Year-End Results
Date:3/1/2012

e program. Since the beginning of 2011, approximately 168,000 shares have been repurchased at an average price of $3.86. The Board of Directors has approved an extension of the Company's share repurchase program through May 2013 and an increase in the amount of cash available for the program to a total of $4 million.

Q4 2011 Business Highlights

  • Dominik Beck was named President and Chief Executive Officer and a member of the IRIDEX Board of Directors in October 2011.
  • The Company expanded its product offering by introducing an optional MicroPulse module for the IQ532 (green) laser system and now provides a complete portfolio of infrared, yellow and green laser systems which can deliver MicroPulse laser treatments.
  • The Company entered into a license and distribution agreement with Alcon for the IRIDEX GreenTip™ Soft Tip Cannula family of products.  The Company is excited about working with Alcon, the market leader in ophthalmology devices, and anticipates near term revenue growth in its cannula product line - part of the Company's overall consumable product portfolio - as a result of this relationship, and will explore additional opportunities for future collaboration.  
  • The Company announced that data from a clinical study compiled over 10 years demonstrated superior safety and efficacy of MicroPulse laser therapy – a vision preserving laser treatment without the retinal tissue damage associated with conventional laser therapy - for treating diabetic macular edema (DME).
  • The United Kingdom's National Institute for Health and Clinical Excellence (NICE) has issued final guidance which determined that Novartis AG's drug Lucentis® is not as cost effective as conventional laser therapy and rejected the leading drug therapy as a treatment for diabetic macular edema (DME), a swelling of retinal tissue and the most common cause of vision loss in diabetics.
  • The Company announced and sub
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  • SOURCE IRIDEX Corporation
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    Related medicine technology :

    1. IRIDEX Announces Fourth Quarter and Full Year 2011 Conference Call and Release Date
    2. IRIDEX MicroPulse™ Laser Therapy Enhances Visual Function in Patients with Central Serous Chorioretinopathy (CSC)
    3. IRIDEX to Present at the Sidoti & Company New York Micro Cap Conference
    4. Cutera and IRIDEX Announce Acquisition of IRIDEX Aesthetic Business Unit
    5. 10-Year Study Demonstrates IRIDEX MicroPulse™ Laser Therapy Safe, Effective for Patients with Diabetic Macular Edema
    6. IRIDEX Signs License and Distribution Agreement with Leader in Eye Care
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    8. IRIDEX Announces Third Quarter 2011 Conference Call and Release Date
    9. IRIDEX Launches New MicroPulse™ Module Targeting the Broad Ophthalmology Laser Photocoagulation Market
    10. IRIDEX Names Veteran Healthcare Executive Dominik Beck President, CEO
    11. IRIDEX Licenses the Exclusive Rights to Ophthalmology Products and Intellectual Property from Ocunetics, Inc.
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