STAAR’s 2017 Net Sales Total $90.6 Million

March 9, 2018: By Joan McKenna

STAAR Surgical reported Feb. 28 that its 2017 net sales totaled $90.6 million, an increase of 10 percent over the prior year.

The Monrovia, California, company said the increase was driven by revenue and unit growth for its Visian Implantable Collamer Lens (ICL), used in refractive surgery.

ICL revenues rose 16 percent and units grew 17 percent over 2016 totals, STAAR said.

At the same time, sales of IOLs declined 12 percent in revenues and 5 percent in units.

Revenues for the ICL accounted for nearly 72 percent of the company’s total in 2017. Revenues from the Asia Pacific region represented 56 percent of sales.

The company reported a net loss of $2.1 million for 2017, compared with a loss of $12.1 million in 2016.

STAAR said that more than 750 thousand Visian ICLs have been implanted to date. It markets lenses in more than 75 countries.

Need Deeper Analysis? Sign up for Market Scope's monthly newsletter to get in-depth coverage of the ophthalmic market, including quarterly procedure volumes based on survey data and meeting coverage from around the world.

Recent Ophthalmic News

Bausch + Lomb Inks Deal with Express Scripts Expanding Vyzulta Coverage

Melgen Seeks Bond, Appeals Conviction on Charges of Medicare Fraud

Avedro, FDA Agree on Design, Size of First Pivotal Phase III Trial for Epi-on Cross-linking

Iridex Reports 2017 Revenues of $41.6 Million

Bar-Ilan University Announces Nano-Drop Candidate to Correct Refractive Error

Essex Bio-Technology Agrees to Invest $5 Million in MeiraGTx, Developer of Gene Therapies

Clearside Biomedical Announces $85 Million Public Offering

ViewPoint Raises $35 Million for Topical Treatment Candidate for Cataracts, Presbyopia

Okogen Raises $10 Million in Series A Round for Viral Conjunctivitis Candidate

SightLife Surgical Acquires KAMRA Corneal Inlay from AcuFocus

Major Leaguer Tommy Pham Plays Through Keratoconus

Glaukos Reports 2017 Net Sales of $159.3 Million

Imprimis Posts 2017 Revenues of $26.77 Million, a 34 Percent Increase

STAAR’s 2017 Net Sales Total $90.6 Million

US FDA Warns Consumers Not to Use Products from Cantrell Drug Company

IDx’ AI-Based Diagnostics System Meets Endpoints in Pivotal Trial for DR

Aerie Plans to Launch Rhopressa in Q2-2018, Expects 2018 Revenues of $20 Million to $30 Million

Valeant Reports 2017 Revenues of $8.72 Billion, a Decline of 10 Percent

Carl Zeiss Meditec Reports $359.7 Million in Revenues for First Quarter of FY2018, a 5.3 Percent Increase

Ophthotech Partners with UMass to Develop ‘Minigene’ Therapy for Retinal Disease

Coming soon

2018 IOL Report: A Global Market Analysis for 2017 to 2023