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STAAR Surgical Generates $464,000 in Cash from Operations During Third Quarter
Date:11/2/2009

y 1% from the third quarter of last year. This performance contrasts with the estimated 30% decline in refractive procedures industry-wide in the U.S. during the third quarter, and reflects continued growth in Visian ICL market share. Year to date, U.S. Visian ICL sales have increased by 2% while overall U.S. refractive procedures have declined by 33%.
  • Following the FDA's resumption of scientific review of STAAR's application for the Toric Implantable Collamer® Lens (Visian TIC®) for Myopic/Astigmatic patients, during the 60 day period between mid July and mid September there have been frequent interactions between the Company and the FDA. During this period the Company received and responded to questions from the FDA. All questions have been answered and the Company awaits the next communication.
  • Japan's Ministry of Health Labor and Welfare continues to evaluate STAAR's application for marketing approval of the Visian ICL and the Visian Toric ICL. The Ministry has separated the consideration of the two products and requested additional clinical data on the Toric ICL, which was provided in September. The injector system for the Visian ICL has been approved and the Company has been responding to questions regarding data and labeling related issues.

    • Recent Intraocular Lens (IOL) Highlights

    • Global IOL sales were up 7.5% to $8.2 million versus $7.6 million in the prior year third quarter driven by increased sales in international markets.
    • International IOL sales were $6.2 million versus $5.4 million in the prior year third quarter primarily driven by a 16% increase in Japan. Growth was also seen in Europe with the recent release of the KS-X Preloaded Hydrophobic Acrylic IOL.
    • U.S. IOL sales were $2.0 million in the third quarter of 2009 compared to $2.2 million in the third quarter of 2008. Demand was high for the new nanoFLEX Collamer Single Piece Aspheric IOL reflec
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    SOURCE STAAR Surgical Company
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