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Price-Transparency Ruling for Hospitals Upheld by US District Court in Washington, D.C.

The American Hospital Association (AHA) is fighting the Trump Administration’s rule that will require hospitals that accept Medicare to disclose their negotiated rates. The AHA argues that this rul...

HSS Study Quantifies Benefits of Milestone-Based Rehab

On June 22, the Hospital for Special Surgery (HSS) announced results of a post-surgical rehabilitation study of ACL repair patients. The researchers, led by Peter Fabricant, MD, argued that many in...

Second Sight Assets Go to Online Public Auction

The assets of visual prosthesis company Second Sight are set to go to online public auction on June 25. Liquidation firm GA Global is conducting the auction of Second Sight’s assets in connection w...

ASCRS Moves 2021 Annual Meeting to August

The American Society of Cataract and Refractive Surgery (ASCRS) has moved its annual meeting in 2021 to August from April, the group announced in an email June 16. The new dates are Aug. 13-17, 202...

Researchers Collaborate to Design Bio-Ink

Ali Khademhosseini, PhD, David Hoelzle, PhD, and Amir Sheikhi, PhD, are developing a bio-ink that can print directly into a patient’s body. The Terasaki Institute in California—where Khademhosseini...

Regenten Rotator Cuff Implant From Smith & Nephew Receives CE Marking

Smith & Nephew announced June 16 that its Regenten bioinductive implant for rotator cuff repairs received CE marking. Regenten is collagen based, and it is designed to induce the growth of tendon-l...

AAO Calls for End to Use of Rubber Bullets on Protesters

The American Academy of Ophthalmology announced June 4 that it was calling on domestic law enforcement officials to immediately end the use of rubber bullets to control or disperse crowds. The AAO ...

Kansai University Announces PEEK-Based, Low-Friction Implant Material

Kansai University in Osaka, Japan, announced June 15 that researcher Yasuhiko Iwasaki and his colleagues have developed new, low-friction polymers. The materials—two zwitterionic substances known a...

Orbis Offers Virtual Training After Flying Eye Hospital Grounded by COVID-19

Orbis International announced June 15 that its training programs would be held virtually, after the pandemic forced it to postpone training flights using its Flying Eye Hospital through the end of ...

4D Molecular Therapeutics Raises $75 Million in Series C Round

4D Molecular Therapeutics (4DMT) reported June 16 that it had raised $75 million in a Series C financing. The Emeryville, California, company said it will use the funding in part to advance its thr...

Notal Vision Begins Retinal Fluid Study Using Home OCT Device Candidate

Notal Vision of Manassas, Virginia, announced June 17 that it had begun enrollment in a home-based study to track the daily dynamics of retinal fluid in patients receiving anti-VEGF treatment for w...

Market Scope Lists 2020 Ophthalmic Meetings Canceled, Delayed Due to COVID-19

Market Scope is tracking the status of 2020 ophthalmic meetings worldwide as the COVID-19 outbreak spreads. Several conferences have been delayed or canceled outright. Here is the latest informatio...

Surgeons Report 3.4 Percent Growth in US Ophthalmic Procedure Volume in First Quarter

US ophthalmologists reported that ophthalmic procedures increased 3.4 percent in Q1-2020 compared with the same quarter last year, according to Market Scope’s latest surveys. Growth was sporadicall...

Q1-2020 Ophthalmic Company Revenue Increases 0.3 Percent Over Q1-2019

Overall ophthalmic revenue in Q1-2020 totaled $8.8 billion, an increase of 0.3 percent over the same quarter last year and a decrease of 8.5 percent from Q4-2019. The total included Market Scope es...

Operator of TLC, LVI Says Pandemic was Final Blow Before Bankruptcy

Vision Group Holdings, the operator of the Lasik Vision Institute and TLC Laser Eye Center chains, claimed the pandemic’s closure of its 120 LASIK centers in the US was the last straw in a series o...

Pandemic Could Drive Surgeon Adoption of Same-Day Cataract Surgery

Some surgeons at the 2020 ASCRS virtual meeting said immediate simultaneous bilateral cataract surgery (ISBCS) will grow in popularity due to the COVID-19 pandemic, economics, and enabling technolo...

COVID-19 Impact Varies Across China’s Ophthalmic Sectors

Renewed lockdown measures in parts of three northeastern provinces of China in mid-May and the reappearance of COVID-19 in Beijing in mid-June underscore the difficulty in predicting how the pandem...

Shape-Changing Accommodating IOL Shows Promise in Clinical Trials

Patients receiving the LensGen Juvene optic shape-changing accommodating IOL in early clinical trials are showing spectacle independence with minimal optical disturbances. LensGen conducted a webin...

Pandemic Accelerates Telemedicine’s Foothold in Ophthalmology

Telemedicine is here to stay, eye surgeons have concluded. The COVID-19 pandemic has caused medical practices around the world to rethink the delivery of care. Each practice has its unique challeng...

Diagnostic Market Sees New Demand Due to Effects of COVID-19 Pandemic

Increasing demand for telehealth and mobile applications due to the COVID-19 pandemic has led manufacturers to scramble to add functionality and accessibility to existing devices and protection app...

Ophthalmic Laser Market Expected to Total $358 Million in 2020

Global revenue for ophthalmic lasers—photocoagulation, photodisruption (YAG), and SLT—along with maintenance, accessories, and endoprobes, will total over $357.6 million in 2020 and grow at a compo...

Lineage Reports Regeneration of Retinal Tissue in Patient Treated with OpRegen

Lineage Cell Therapeutics reported June 1 that restoration of retinal tissue was seen in a patient in its Phase I/IIa study of OpRegen, a retinal pigment epithelium (RPE) cell transplant therapy in...

Researchers Make Breakthrough in Retreatment of Viral-Based Gene Therapy

An international team that includes researchers from Spark Therapeutics may have found a way to allow re-administration of gene therapies and the treatment of people who have immunity to viral vect...

Ophthalmic Practices Recovering Slowly Outside the US

Ophthalmologists around the world are resuming office hours and elective procedures after shutting down for COVID-19. Recovery everywhere seems to be a gradual process. The Caixin China General Ser...

Sanofi Leads Latest Fundraising Efforts with $13.2 Billion Sale of Regeneron Stake

Funding for the past four weeks totaled nearly $14.4 billion. Date Company Amount About June 12 Lumibird $41 million rights issue The Paris-based company issued 4,037,015 new shares at the price of...

BVI Launches Single-Use Handheld Cryo-Surgery Device for Retinal Tears and Detachments

BVI announced June 3 the European launch of CryoTreq—the world’s first single-use, handheld cryo-surgery device for ophthalmology. The product, developed in partnership with Professor Stanislao Riz...

Bausch + Lomb Announces European Launch of LuxSmart and LuxGood Preloaded IOLs

Bausch + Lomb announced May 27 the European launch of LuxSmart, the company's first extended depth of focus (EDOF) intraocular lens (IOL), and LuxGood, a new monofocal IOL. Both feature preload...

Johnson & Johnson Vision Launches TECNIS Multifocal Toric II IOL in US

Johnson & Johnson Vision has launched its TECNIS Multifocal Toric II IOL in the US, the company announced May 15. It is the first multifocal IOL approved on the new TECNIS Toric II platform. The co...

COVID-19 Ophthalmic News Briefs

The wife of late ophthalmologist Li Wenliang, MD, has given birth to a baby boy, several news outlets reported June 12. Fu Xuejie posted on WeChat a photo of the couple’s second child and said: ...

Zeiss Reaches Milestone of 3 Million SMILE Procedures Worldwide

Zeiss announced June 9 that surgeons had performed 3 million small-incision lenticule extraction (SMILE) procedures to date. The surgeries took place at more than a thousand clinics worldwide. SMIL...

Novartis Updates Beovu Labeling to Include Information on Vasculitis

Novartis announced June 11 that the US FDA had approved labeling changes for Beovu (brolucizumab), which is indicated for the treatment of wet age-related macular degeneration. The changes include ...

Market Scope Weekly Ophthalmic Surgeon and Industry Polls for June 2020

Akorn Seeks Bankruptcy After Failed Takeover Deal, FDA Warnings

Generic drugmaker Akorn announced May 20 that it had filed for bankruptcy protection. The move followed a tumultuous two years in which unease over Akorn’s quality control methods resulted in a fai...

Ocugen Scraps Phase III Clinical Trial for Ocular Graft vs. Host Disease

Ocugen, of Malvern, Pennsylvania, announced June 1 that it was discontinuing its Phase III trial of OCU300 for ocular graft vs. host disease (oGVHD). The company said the decision was based on resu...

June 2020 Ophthalmic News Briefs

Kala Pharmaceuticals announced May 26 that the US FDA had accepted for review the company’s new drug application (NDA) resubmission for Eysuvis (loteprednol etabonate ophthalmic suspension) 0.25% f...

Fusion Robotics’ Spine Surgery Robot Aims to Provide Guidance Without the Bulk or the Price Tag of Other Models

Fusion Robotics’ spine surgery robot weighs less than 5 pounds, and its navigation tower occupies 4 square feet in the OR. The company was formed in March 2019 to develop a cost-effective spine sur...

FDA Clears 40 Orthopedic Devices in May, Six More Than Prior Year

FDA regulators and companies were able to process 40 orthopedic device clearances in May despite COVID-19 pandemic impediments. This is a 17.6 percent increase from May 2019. Thirty-two companies r...

Senior Notes Surpass $2.7 Billion in May

Noteworthy orthopedic deals in May included two large senior note offerings—one from Stryker ($2.3 billion) and one from NuVasive ($400 million). In addition, Safe Orthopaedics announced plans to a...

Surgeons Weigh in on Returning to Work After COVID-19

Discussions of the COVID-19 pandemic have shifted to the recovery process. Surgeons and institutions are deciding when to reopen clinics and surgery centers and how to do so in ways that reduce inf...

COVID-19 Impacts Orthopedic Market Revenue in Q1-2020

Orthopedic Market Revenue Change Q1-2020 Compared With Q1-2019 Orthopedic industry revenue declined 11.4 percent in a pandemic-affected Q1-2020 compared with Q1-2019. All segments experienced mid-s...

Heron Therapeutics’ Knee Therapy Performs Well in Phase IIb Study

Heron Therapeutics announced June 4 that its investigational therapy HTX-011 performed well in a Phase IIb study of 232 patients undergoing unilateral total knee arthroplasty (TKA). HTX-011 is a du...

HSS Study Shows No Difference Between Anterior and Posterior Approaches to THA

Hospital for Special Surgery (HSS) evaluated 2019 data for 138 total hip arthroplasty (THA) patients with same-day discharge, the institution announced June 8. Patients were placed in two groups ba...

Medtronic Issues Class I Safety Recall for StealthStation DBS

On June 1, the FDA announced that Medtronic issued a Class I safety recall for the StealthStation auto-registration software used to place deep brain stimulation systems. Minor patient movements du...

Ophthalmic Laser Market Expected to Total $358 Million in 2020

Global revenue for ophthalmic lasers—photocoagulation, photodisruption (YAG), and SLT—along with maintenance, accessories, and endoprobes, will total over $357.6 million in 2020 and grow at a compo...

Zeiss Reaches Milestone of 3 Million SMILE Procedures

Zeiss announced June 9 that surgeons had performed 3 million small-incision lenticule extraction (SMILE) procedures to date. The surgeries have taken place at more than a thousand clinics worldwide...

BVI Launches Single-Use Handheld Cryo-Surgery Device for Retinal Tears and Detachments

BVI announced June 3 the European launch of CryoTreq—the world’s first single-use, handheld cryo-surgery device for ophthalmology. The product, developed in partnership with Professor Stanislao Riz...

STAAR Surgical Adds Kliman, Frinzi to Board

STAAR Surgical, of Lake Forest, California, announced June 1 that Gilbert Kliman, MD, and Thomas Frinzi had joined its board, bringing the total number of members to six. Kliman is a managing partn...

Wife of late Wuhan Ophthalmologist Gives Birth to Son, News Outlets Report

The wife of late ophthalmologist Li Wenliang, MD, has given birth to a baby boy, several news outlets reported June 12. Fu Xuejie posted on WeChat a photo of the couple’s second child and said: ...

Glaukos to Sell $250 Million of Convertible Senior Notes in Private Offering

Glaukos announced June 9 that it would sell $250 million of 2.75 percent convertible senior notes due 2027 in a private offering. The notes will be offered only to qualified institutional buyers. G...

Lumibird Raises $41M for Future Growth, Gets Regulatory Go-ahead for Ellex Purchase

Lumibird announced June 12 that it raised about $41 million (36.3 million euros) in a rights issue launched May 21. The Paris-based company said the funding will go toward acquiring new laser techn...

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