Advanced Medical Optics and OPHTEC USA Announce FDA Approval of the Verisyse(TM) / ARTISAN(R) Phakic Intraocular Lens
September 13 2004 - 9:01AM
PR Newswire (US)
Advanced Medical Optics and OPHTEC USA Announce FDA Approval of the
Verisyse(TM) / ARTISAN(R) Phakic Intraocular Lens SANTA ANA, Calif.
and BOCA RATON, Fla., Sept. 13 /PRNewswire-FirstCall/ -- Advanced
Medical Optics, Inc. (AMO) (NYSE:AVO), a global leader in
ophthalmic surgical devices and eye care products, and OPHTEC USA,
Inc., a privately held medical device manufacturer and subsidiary
of OPHTEC B.V. (Netherlands), announced today that the U.S. Food
and Drug Administration (FDA) has approved the Verisyse(TM) /
ARTISAN(R) phakic intraocular lens (IOL) for use in patients with
myopia, or nearsightedness. (Photo:
http://www.newscom.com/cgi-bin/prnh/20040913/LAM066) The
Verisyse(TM) / ARTISAN(R) phakic IOL is the first lens of its kind
to receive FDA approval. The unique, patented lens design was
introduced by OPHTEC in Europe more than 17 years ago and has been
safely implanted in more than 150,000 eyes worldwide. OPHTEC BV
manufactures and distributes the lens under the trade name
ARTISAN(R) in all markets except North America and Japan. In 2002,
AMO acquired global distribution rights to the phakic IOL, which it
markets under the Verisyse(TM) brand. AMO is the exclusive source
for the product in North America and Japan. The FDA-approved
product labeling will indicate that the Verisyse(TM) / ARTISAN(R)
lens is suitable for the reduction or elimination of myopia in
adults with myopia ranging from -5.0 to -20.0 diopters and in
patients aged 21 and over. The FDA approval followed OPHTEC USA's
submission of a Pre-Market Approval (PMA) application, which
received expedited review status in August 2003. "AMO is committed
to playing a leadership role in the development of the global
refractive IOL marketplace," said James V. Mazzo, AMO president and
chief executive officer. "Approval of the lens in the U.S. marks an
important step forward in our goal to build a comprehensive product
portfolio that can provide a full range of options to ophthalmic
surgeons and their patients." AMO is currently coordinating surgeon
training and certification for the Verisyse(TM) lens in the U.S.
and expects to begin releasing the product to trained surgeons by
October. Information about the Verisyse lens and procedure is
available at http://www.visioninfocus.com/. "This technology
provides an excellent alternative for surgeons whose myopic
patients may not be good candidates for laser surgery and want to
eliminate their dependence on glasses or contact lenses," said Jane
E. Rady, corporate vice president of strategy and technology for
AMO. "The progressive design of the lens and its placement in the
eye's anterior chamber provide high levels of safety and stability,
and optimal visual outcomes." "This approval represents a
significant development in refractive surgery technology," said
Rick McCarley, president and chief executive officer of OPHTEC USA,
who conducted the U.S. study over the past seven years. "The
Verisyse(TM) / ARTISAN(R) lens provides superior quality of vision,
especially for individuals with high myopia. Unlike laser surgery,
implantation of phakic lenses involves no removal of tissue, and
the lens can be easily removed at any time in the future. In
addition, the Verisyse(TM) / ARTISAN(R) lens design has the longest
human experience of any phakic IOL and accounts for the largest
percentage of phakic lens implantations worldwide." AMO and OPHTEC
announced in May that the two firms signed an agreement to
collaborate on the design, development and U.S. regulatory approval
process for the Veriflex(TM), a foldable version of the
Verisyse(TM) / ARTISAN(R) phakic IOL. OPHTEC is currently engaged
in clinical trials in Europe on a foldable phakic IOL. AMO and
OPHTEC plan to continue to improve the foldable lens design and
develop a compatible insertion system. AMO and OPHTEC also plan to
share responsibility for submission to the FDA of the PMA
application for the Veriflex(TM) lens and implementation of U.S.
human clinical trials. Once approved, AMO will be the exclusive
worldwide source for the Veriflex(TM) lens. OPHTEC will market the
foldable ARTISAN(R) as the ARTIFLEX(TM) in all markets except North
America and Japan. About Phakic IOLs Phakic IOL implantation, or
the implantation of a lens in which the natural, human lens remains
intact, is viewed by many surgeons as an alternative refractive
treatment method for myopia, hyperopia and astigmatism. The parent
design was originally used for the refractive correction of aphakia
following cataract surgery. Now, surgeons in Europe and around the
world have experienced a renewed level of interest in lens
implants, particularly for patients with high refractive errors.
About the Verisyse(TM) / ARTISAN(R) Phakic IOL With its unique iris
fixation method, OPHTEC's phakic IOL technology enables the lens to
attach to the non-reactive, mid-periphery of the iris in a way that
does not inhibit the iris' function. This unique location allows
placement at a safe distance from the natural lens, the cornea, and
the anterior chamber angle. This unique lens design was conceived
by international award-winning ophthalmologist Professor Jan Worst,
M.D. of Groningen, The Netherlands, and first introduced in 1978
for the correction of aphakia following cataract surgery. Its
design was later modified and has been used in the phakic eye for
the last 13 years. Since its original introduction, over 500,000
aphakic OPHTEC lenses have been implanted worldwide, as well as an
additional 150,000 phakic IOLs. About OPHTEC USA OPHTEC USA, Inc.
is a privately held, wholly owned subsidiary of OPHTEC BV,
Groningen, The Netherlands. OPHTEC designs, manufactures, markets
and distributes ophthalmic medical devices used in anterior segment
surgery. Primary product lines include the patented ARTISAN(R)
Line: ARTISAN(R) Myopia Lenses, ARTISAN(R) Hyperopia Lenses,
ARTISAN(R) Toric Lenses, ARTISAN(R) Pediatric Lenses, ARTIFLEX(TM)
Foldable Phakic Lenses, and OPHTEC Capsular Tension Rings, Custom
Artificial Iris Implants and the IPS(TM) Iris Prosthetic System.
Worldwide marketing and distribution of products is achieved
through direct sales or through exclusive distributorship
arrangements. For more information visit the parent company's
website site at http://www.ophtec.com/. About Advanced Medical
Optics Advanced Medical Optics, Inc. (AMO) is a global leader in
the development, manufacturing and marketing of ophthalmic surgical
and eye care products. The company focuses on developing a broad
suite of innovative technologies and devices to address a wide
range of eye disorders. Products in the ophthalmic surgical line
include intraocular lenses, phacoemulsification systems,
viscoelastics, microkeratomes and related products used in cataract
and refractive surgery. AMO owns or has the rights to such
ophthalmic surgical product brands as Phacoflex(R), Clariflex(R),
Array(R), Sensar(R), CeeOn(R), Tecnis(R) and Verisyse(TM)
intraocular lenses, Sovereign(R) and Sovereign(R) Compact(TM)
phacoemulsification systems with WhiteStar(TM) technology,
Amadeus(TM) microkeratome, Healon(R) and Vitrax(R) viscoelastics,
and the Baerveldt(R) glaucoma shunt. Products in the contact lens
care line include disinfecting solutions, daily cleaners, enzymatic
cleaners and lens rewetting drops. Among the contact lens care
product brands the company possesses are COMPLETE(R) Moisture
PLUS(TM), COMPLETE(R) Blink-N-Clean(R), Consept(R) F, Consept(R) 1
Step, Oxysept(R) 1 Step, UltraCare(R), Ultrazyme(R), Total Care(R)
and blink(TM) branded products. Amadeus is a licensed product of,
and a trademark of, SIS, Ltd. AMO is based in Santa Ana,
California, and employs approximately 2,800 worldwide. The company
has operations in about 20 countries and markets products in
approximately 60 countries. For more information, visit the
company's Web site at http://www.amo-inc.com/. Forward-Looking
Statements Statements in this press release such as Mr. Mazzo's,
Ms. Rady's and Mr. McCarley's statements, and statements regarding
product availability and future products, and any other statements
that refer to AMO's estimated or anticipated future results are
forward-looking statements. All forward-looking statements in this
press release reflect AMO's current analysis of existing trends and
information and represent AMO's judgment only as of the date of
this press release. Actual results may differ from current
expectations based on a number of factors affecting AMO's
businesses, including but not limited to unexpected changes in
competitive, regulatory and market conditions, AMO's ability to
obtain adequate product supply and produce successful collaborative
efforts, unexpected litigation or intellectual property issues, and
the uncertainties associated with market acceptance of new
products. Therefore, the reader is cautioned not to rely on these
forward-looking statements. AMO disclaims any intent or obligation
to update these forward-looking statements. Additional information
concerning these and other risk factors may be found in previous
financial press releases issued by AMO. AMO's public periodic
filings with the Securities and Exchange Commission, including the
discussion under the heading "Certain Factors and Trends Affecting
AMO and its Businesses" in AMO's 2003 Form 10-K and Form 10-Q filed
August 2004 also includes information concerning these and other
risk factors. Copies of press releases and additional information
about AMO are available on the World Wide Web at
http://www.amo-inc.com/, or you can contact the AMO Investor
Relations Department by calling 714-247-8348. Verisyse "Fair
Balance" information Intended Use Statement: Verisyse(TM) Phakic
Intraocular Lenses are intended for the reduction or elimination of
myopia in adults with myopia ranging from -5 to -20 diopters with
less than or equal to 2.5 diopters of astigmatism at the spectacle
plane and whose eyes have an anterior chamber depth greater than or
equal to 3.2 mm, and patients with documented stability of manifest
refraction for the prior six months as demonstrated by a spherical
equivalent change of less than or equal to 0.50 diopters. Rx Only.
Precautions: Do not resterilize this lens by any method; do not
store the lens at temperatures over 45 degrees Celsius (113 degrees
Fahrenheit). Warnings: Surgeons should consider the risk/benefit
ratio for adults with preoperative ocular pathology, including but
not limited to inflammation, distorted eye and microbial infection.
Adverse Events: Adverse events that have been documented as having
occurred following lens implantation include, but are not limited
to, hyphema, retinal detachment and lens dislocation. For a
complete listing of precautions, warnings and adverse events, refer
to the package insert. For further information, please contact:
Investors, Sheree Aronson, +1-714-247-8290, , or Media, Steve
Chesterman, +1-714-247-8711, , both of Advanced Medical Optics,
Inc. http://www.newscom.com/cgi-bin/prnh/20040913/LAM066
DATASOURCE: Advanced Medical Optics, Inc. CONTACT: Investors,
Sheree Aronson, +1-714-247-8290, , or Media, Steve Chesterman,
+1-714-247-8711, , both of Advanced Medical Optics, Inc. Web site:
http://www.ophtec.com/ Web site: http://www.visioninfocus.com/ Web
site: http://www.amo-inc.com/
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