Coherent's Selecta(R) 7000 Laser Receives FDA Clearance Providing a New Option For Treating Open Angle Glaucoma
Apr 17, 2001, 01:00 ET from Coherent, Inc.
SANTA CLARA, Calif., April 17 /PRNewswire/ -- Coherent, Inc. (Nasdaq: COHR) announced today that the U.S. Food and Drug Administration (FDA) has cleared its application to market the Selecta(R) 7000 Glaucoma Laser System. The Selecta 7000 is specifically designed to perform Selective Laser Trabeculoplasty (SLT), which incorporates a new patent protected technique for the treatment of open angle glaucoma, the leading cause of preventable blindness in Americans over the age of 40. Open angle glaucoma is a progressive degenerative disease in which the optic nerve is slowly destroyed. It affects more than 50 million people worldwide. If left unchecked open angle glaucoma cases can result in total blindness. The only accepted treatment for open angle glaucoma is to lower intraocular pressure. SLT lowers intraocular pressure by using short pulses of low energy laser light to target melanin containing cells in the trabecular meshwork which drains fluid from the eye, resulting in increased fluid outflow. The selective technique is much less traumatic to the eye than argon laser trabeculoplasty (ALT), the current laser procedure. The limitations of ALT are primarily related to its coagulative effect, which leads to scarring of the trabecular meshwork. SLT retains the therapeutic benefit of laser treatment -- reduced intraocular pressure, without the collateral thermal damage to non-melanin containing cells and to the trabecular meshwork structure. The treatment, performed in an ophthalmologist's office, was devised by Mark Latina, M.D. at Wellman Laboratories, Massachusetts General Hospital in Boston. Coherent has acquired an exclusive license from the Massachusetts General Hospital to commercialize SLT and market the relevant laser technology. Coherent developed the Selecta 7000 specifically for SLT. According to Dr. Latina, "SLT has the potential to change the standard of care for patients with open angle glaucoma." SLT is being performed today in many international markets using Coherent's Selecta 7000 Glaucoma Laser System, including Japan where it has been approved by the Ministry of Health, Labor and Welfare for more than two years. According to "Prevent Blindness America" and the National Eye Health Program it is estimated that the U.S. government spends over $1.5 billion annually in terms of social security benefits, lost income, tax revenues and health care expenditures in its fight against glaucoma. Now there is a new glaucoma treatment option that may provide economic benefits to the health care system compared to conventional therapy. In the next few weeks, Coherent Medical Group will be joining forces with ESC Medical Systems, Ltd. (Nasdaq: ESCM), and thereafter the combined company will change its name to Lumenis, derived from the lumen, the Latin for light. Mr.Yacha Sutton, President and CEO of ESC Medical Systems, and the soon to be formed Lumenis commented, "This innovative product benefits patients and our customers alike. Anything that helps prevent blindness is especially gratifying. We are excited about the vast array of products that Lumenis will soon be able to offer worldwide to help treat this and other ophthalmic diseases as well as products used for aesthetic and surgical applications." Jim Taylor, Coherent Medical Group President, commented "Coherent is pleased to be part of the original research team exploring the treatment of the leading cause of preventable blindness affecting as many as 3 million Americans and more than 50 million people worldwide. Additionally, Coherent will continue to benefit from this type of innovation as the owner of approximately 16.5% of the equity in Lumenis." Coherent Medical Group is a world leader in the development of laser products and services for ophthalmic, aesthetic, and surgical applications. Coherent Medical Group will be exhibiting the Selecta 7000 Glaucoma Laser System the American Society of Cataract and Refractive Surgery (ASCRS) in San Diego, California April 28 through May 2, 2001. The company will also sponsor a Physician Symposium on Selective Laser Trabeculoplasty with Mark Latina, M.D., the inventor of SLT, on Sunday April 29th. Please visit us at booth #2121 for a product demonstration and to receive more information about the Selecta 7000 and the SLT Physician Symposium. "Safe Harbor" Statement Under the Private Securities Litigation Reform Act The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties related to currency adjustments, contract cancellations, manufacturing risks, competitive factors, uncertainties pertaining to customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are encouraged to refer to the risk disclosures described in the Company's reports on Forms 10-K, 10-Q and 8K, as applicable. Coherent, Inc., of Santa Clara, California, is a Standard & Poor's SmallCap 600 company and a world leader in design, manufacture and marketing of lasers and laser systems for medical, scientific, and commercial applications. Please direct any questions to Peter Schuman, Director of Investor Relations at 408-764-4174. For more information about Coherent, visit the Company's Web site at http://www.coherentinc.com . To receive a full text copy of this press release by fax, please call 877-329-2647.
SOURCE Coherent, Inc.
SANTA CLARA, Calif., April 17 /PRNewswire/ -- Coherent, Inc. (Nasdaq: COHR) announced today that the U.S. Food and Drug Administration (FDA) has cleared its application to market the Selecta(R) 7000 Glaucoma Laser System. The Selecta 7000 is specifically designed to perform Selective Laser Trabeculoplasty (SLT), which incorporates a new patent protected technique for the treatment of open angle glaucoma, the leading cause of preventable blindness in Americans over the age of 40. Open angle glaucoma is a progressive degenerative disease in which the optic nerve is slowly destroyed. It affects more than 50 million people worldwide. If left unchecked open angle glaucoma cases can result in total blindness. The only accepted treatment for open angle glaucoma is to lower intraocular pressure. SLT lowers intraocular pressure by using short pulses of low energy laser light to target melanin containing cells in the trabecular meshwork which drains fluid from the eye, resulting in increased fluid outflow. The selective technique is much less traumatic to the eye than argon laser trabeculoplasty (ALT), the current laser procedure. The limitations of ALT are primarily related to its coagulative effect, which leads to scarring of the trabecular meshwork. SLT retains the therapeutic benefit of laser treatment -- reduced intraocular pressure, without the collateral thermal damage to non-melanin containing cells and to the trabecular meshwork structure. The treatment, performed in an ophthalmologist's office, was devised by Mark Latina, M.D. at Wellman Laboratories, Massachusetts General Hospital in Boston. Coherent has acquired an exclusive license from the Massachusetts General Hospital to commercialize SLT and market the relevant laser technology. Coherent developed the Selecta 7000 specifically for SLT. According to Dr. Latina, "SLT has the potential to change the standard of care for patients with open angle glaucoma." SLT is being performed today in many international markets using Coherent's Selecta 7000 Glaucoma Laser System, including Japan where it has been approved by the Ministry of Health, Labor and Welfare for more than two years. According to "Prevent Blindness America" and the National Eye Health Program it is estimated that the U.S. government spends over $1.5 billion annually in terms of social security benefits, lost income, tax revenues and health care expenditures in its fight against glaucoma. Now there is a new glaucoma treatment option that may provide economic benefits to the health care system compared to conventional therapy. In the next few weeks, Coherent Medical Group will be joining forces with ESC Medical Systems, Ltd. (Nasdaq: ESCM), and thereafter the combined company will change its name to Lumenis, derived from the lumen, the Latin for light. Mr.Yacha Sutton, President and CEO of ESC Medical Systems, and the soon to be formed Lumenis commented, "This innovative product benefits patients and our customers alike. Anything that helps prevent blindness is especially gratifying. We are excited about the vast array of products that Lumenis will soon be able to offer worldwide to help treat this and other ophthalmic diseases as well as products used for aesthetic and surgical applications." Jim Taylor, Coherent Medical Group President, commented "Coherent is pleased to be part of the original research team exploring the treatment of the leading cause of preventable blindness affecting as many as 3 million Americans and more than 50 million people worldwide. Additionally, Coherent will continue to benefit from this type of innovation as the owner of approximately 16.5% of the equity in Lumenis." Coherent Medical Group is a world leader in the development of laser products and services for ophthalmic, aesthetic, and surgical applications. Coherent Medical Group will be exhibiting the Selecta 7000 Glaucoma Laser System the American Society of Cataract and Refractive Surgery (ASCRS) in San Diego, California April 28 through May 2, 2001. The company will also sponsor a Physician Symposium on Selective Laser Trabeculoplasty with Mark Latina, M.D., the inventor of SLT, on Sunday April 29th. Please visit us at booth #2121 for a product demonstration and to receive more information about the Selecta 7000 and the SLT Physician Symposium. "Safe Harbor" Statement Under the Private Securities Litigation Reform Act The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties related to currency adjustments, contract cancellations, manufacturing risks, competitive factors, uncertainties pertaining to customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are encouraged to refer to the risk disclosures described in the Company's reports on Forms 10-K, 10-Q and 8K, as applicable. Coherent, Inc., of Santa Clara, California, is a Standard & Poor's SmallCap 600 company and a world leader in design, manufacture and marketing of lasers and laser systems for medical, scientific, and commercial applications. Please direct any questions to Peter Schuman, Director of Investor Relations at 408-764-4174. For more information about Coherent, visit the Company's Web site at http://www.coherentinc.com . To receive a full text copy of this press release by fax, please call 877-329-2647. SOURCE Coherent, Inc.
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