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STAAR Surgical Reports 19% Revenue Growth Second Quarter
Date:8/2/2011

be profitable in all four quarters of the year, up from our previously stated goal of three," Mr. Caldwell concluded.

Recent Visian Implantable Collamer® Lens (ICL) Highlights

  • Second quarter Visian ICL sales grew 41% to $8.3 million, a new quarterly record.  
  • Sales in our top 10 targeted markets increased 48% in the second quarter with nine of the ten markets posting sales increases in the double digits.   Growth exceeding 48% was experienced in Japan, China, Korea, the United Kingdom, Germany, and India.  
  • The V4b which received CE Mark approval during late 2010 has now been fully implemented in 11 of the 29 markets in which it is approved.  The expanded range of treatments available with this product accounted for a 7% increase in Visian ICL revenues in the markets where it was sold during the quarter.
  • With CE Mark approval for the V4c model of the Visian ICL and Toric ICL in April 2011, the Company initiated its marketing prelaunch plan to introduce the CentraFLOW technology at eight sites in Europe, Saudi Arabia and Argentina.  The plan is to complete implantation in 100 eyes at these sites in order to gain experience helpful for the full launch.  STAAR will execute the full launch of the V4c in countries that accept CE Mark approvals during the third quarter of 2011.  The V4c design provides more comfort for the patient and a more convenient, efficient and cost-effective procedure for both the patient and the surgeon.
  • In addition, the Visian V4 ICL design received regulatory approval in Brazil during June 2011.  The surgical refractive market in Brazil is estimated to be about 92,000 annual refractive procedures by Market Scope.  STAAR plans to launch the Visian V4 ICL in Brazil in the third quarter 2011 and hire direct representation in the Latin America area to work with our distributors.

  • Recent Intraocular Lens (IOL) Highlights'/>"/>

    SOURCE STAAR Surgical Company
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