logo
Share SHARE
FONT-SIZE Plus   Neg

Abbott Gets FDA Nod To Use Femtosecond Laser Technology For Arcuate Incisions

Healthcare products maker Abbott Laboratories (ABT) said Friday that the U.S. Food and Drug Administration or FDA has approved usage of the company's iFS Advanced Femtosecond Laser to create bow-shaped or curved arcuate incisions in corneal surgery, including cataract surgery.

The iFS Laser is currently used to create LASIK flaps and other corneal incisions in the eye and is the fifth generation of IntraLase technology, which has been used in more than 5 million procedures worldwide. In the U.S., nearly 3 million patients undergo cataract surgery each year.

Factors such as placement, length, depth and radius of curvature are difficult to control through traditional incisions made by hand using surgical knives.

Abbott said that the iFS Laser enables surgeons to make arcuate incisions with greater precision and customization than is possible with a manual technique.

Abbott said that the new use of its iFS Femtosecond laser is available now in the U.S. According to the company, with the new clearance, the iFS Laser will now give surgeons the ability to make precise, bladeless arcuate incisions during surgery and customize the incision for each individual patient.

Jim Mazzo, senior vice president of Abbott Medical Optics, said, "Abbott has been a pioneer in the ophthalmic use of Femtosecond lasers, and this new use of our technology demonstrates our leadership position in this very dynamic and competitive market. This is an important step as we look to utilize Femtosecond laser technology as a potential standard of care during the cataract procedure."

The company said study data supported that the iFS Femtosecond laser creates arcuate incisions safely and effectively as prescribed by the physician, and complies with applicable safety standards.

The use of femtosecond lasers for a variety of ophthalmic operations continues to grow, and market forecasts predict that the sector will keep expanding.

In Friday's session, ABT is trading at $59.41, down $0.10 or 0.17 percent on a volume of 2.07 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
GameStop reported an increase in second-quarter profit, driven by strong same-store sales growth and improved margins, partly offset by a stronger dollar and one-time charges. Both earnings and sales surpassed Wall Street estimates. The video-game retailer lifted its guidance for 2015. GameStop shares gained about 2 percent in after-hours trade. French conglomerate Bouygues SA reported Thursday a net loss for the first half compared to a profit last year, which was boosted by a gain on Cofiroute unit stake sale. However, sales edged up 1 percent from last year. The company raised its 2015 outlook for Bouygues Telecom and confirmed its forecast for the construction businesses and TF1 television business. Kraft Heinz is recalling more than two million pounds of Oscar Mayer turkey bacon as it may prematurely spoil and on reports of people becoming unwell after eating certain items.
comments powered by Disqus
RELATED NEWS
Trade ABT now with 
Follow RTT