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STAAR Surgical Reports First Quarterly Profit from Continuing Operations Since 2000
Date:5/3/2011

ICL, which began during the fourth quarter, continued to grow.  In the 23 markets in which we are selling the V4b, 8% percent of the V4b ICL sales in those markets were in the newly expanded refractive ranges.
  • The markets in China, Japan, Germany, the Middle East, and India demonstrated particularly strong growth during the quarter in both revenue and percentage of growth.  
  • CE Mark for the V4c model of the Visian ICL and Toric ICL, which was announced last week, represents a significant technology enhancement making the ICL procedure more convenient and efficient for both the patient and the surgeon.  The elimination of this step makes the ICL procedure more cost effective for the surgeon.
  • The Company continues to respond to both the FDA in the U.S. and PMDA in Japan for its submissions seeking approval of the Visian Toric ICL in those markets.  In the U.S., the Company responded on April 22nd with a document to help the agency understand the differences in patient counts for each of the clinical visits during the trial.  In Japan we plan a response to current PMDA questions the week of May 9th and would expect a Good Clinical Practices audit during the second half of this year.

  • Recent Intraocular Lens (IOL) Highlights

  • First quarter IOL sales increased 4% to $7.1 million over the first quarter of 2010.
  • Favorable impact of foreign exchange was $447,000, primarily due to preloaded IOL sales in Japan.
  • Sales of the nanoFLEX IOL in the U.S. were basically flat during the quarter as the comparable to last year was quite high.  As others have reported, cataract procedures in the U.S. were negatively impacted by severe weather during the quarter.  The average selling price actually increased during the quarter despite the elimination of the NTIOL reimbursement levels.  The nanoFLEX growth trends have resumed during the first four weeks of the second quarter a
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  • SOURCE STAAR Surgical Company
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