Advanced Medical Optics' ReZoom Lens to Benefit Cataract Patients Under New CMS Ruling on Presbyopic IOLs
May 11 2005 - 7:00AM
PR Newswire (US)
Advanced Medical Optics' ReZoom Lens to Benefit Cataract Patients
Under New CMS Ruling on Presbyopic IOLs SANTA ANA, Calif., May 11
/PRNewswire-FirstCall/ -- Advanced Medical Optics, (AMO) (NYSE:AVO)
a global leader in ophthalmic surgical devices and eye care
products, announced today that the Centers for Medicare and
Medicaid Services (CMS) ruled that Medicare beneficiaries may
choose to receive presbyopia-correcting intraocular lenses (IOLs)
for an additional fee as part of cataract surgery. These lenses,
including AMO's ReZoom(TM) multifocal IOL, provide vision for
distance, intermediate and near ranges. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050324/AMOLOGO) AMO pioneered
the concept of an IOL that provides distance, intermediate and near
vision in the late 1990s when it received the first-ever FDA
approval for a multifocal lens. In March 2005, AMO received FDA
approval for its second-generation multifocal technology, the
ReZoom(TM) IOL. In a 215-patient European study, 93 percent of
ReZoom(TM) patients reported never or only occasionally having to
wear glasses. "This provides an important new opportunity for
Medicare cataract patients to enjoy a full range of distance,
intermediate and near vision after surgery," said Jim Mazzo,
president and CEO of AMO." The ReZoom(TM) IOL features Balanced
View Optics(TM) technology that distributes light over five optic
zones for enhanced restoration of visual function for reduced
spectacle dependence. This allows the ReZoom(TM) IOL to match its
performance characteristics with the lifestyle demands of the
patients. About Advanced Medical Optics (AMO) 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 ReZoom(TM), 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) and Amadeus(TM) II microkeratomes,
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. OptiEdge(TM) is a registered trademark of Ocular
Sciences. AMO is based in Santa Ana, California, and employs
approximately 3,000 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 This press
release contains forward-looking statements about AMO and its
business such as Mr. Mazzo's statements and statements about AMO's
sales of ReZoom(TM) IOL. Any statements in this press release 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 business,
including risks of technology development failures and product
feasibility; the execution of strategic initiatives; the
uncertainties associated with intellectual property protection for
these products; and the actual benefit, implementation and
modification of the CMS ruling. 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 2005
Form 10-Q filed in April 2005 include information concerning these
and other risk factors. Copies of press releases and additional
information about AMO are available at http://www.amo-inc.com/, or
you can contact the AMO Investor Relations Department by calling
714-247-8348. Advanced Medical Optics, Inc. Investors: Sheree
Aronson (714) 247-8290 Media: Steve Chesterman (714) 247-8711
http://www.newscom.com/cgi-bin/prnh/20050324/AMOLOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Medical Optics
CONTACT: investors, Sheree Aronson, +1-714-247-8290, , or media,
Steve Chesterman, +1-714-247-8711, , both of Advanced Medical
Optics Web site: http://www.amo-inc.com/
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