at press time
Aging
Boomers Need More Eye Care
AAO/AAOE
Seek to Help Practices Become More Efficient.
The American Academy of Ophthalmology has embarked on a major effort to help prepare
its members for the huge cohort of baby boomers, the first of whom turned 60 this
year.
The
Academy and the American Academy of Ophthalmic Executives (AAOE), a partner organization,
are developing a database to collect information from ophthalmology practices in
more than 25 standardized areas, covering financial and staffing measures, as well
as the number of patients seen.
The database is the first step in the Academy and AAOE's joint
effort to help ophthalmology practices become more efficient as the demand for eyecare
services in an aging population increases.
The practice benchmarking database, which will debut at the Academy's
Joint Meeting in November in Las Vegas, represents the most ambitious data-collection
and data-sharing efforts within ophthalmology.
"The challenge is to make it easy for practices to compile and
enter standardized data, and then use that data to compare their performance with
that of similar practices by subspecialty, practice size, location and more,"
said David W. Parke II, M.D., the Academy's senior secretary for ophthalmic practice.
"By knowing where they stand now, ophthalmologists can then consider whether and
how to modify their practices to improve efficiency."
The practice benchmarking database is the first recommendation
from a task force convened more than 2 years ago by the Academy to assess the future
of eyecare delivery and how it will be affected by the age wave and other demographic
trends, health care economics, technological innovation, medical education and more.
The age wave a projected 50% increase in the U.S. senior
population between 2000 and 2020, according to the U.S. Census Bureau will
significantly affect the health care industry, particularly ophthalmologists, who
on average spend more than half of their time treating older patients.
"What we know is that ophthalmology must be ready in the next
three decades to care for many more patients," Dr. Parke said. "The need will be
there, and it will have to be addressed by roughly the same number of ophthalmologists.
Practices will have to become more efficient, while maintaining their commitment
to the quality of care and patient satisfaction."
A demonstration of the practice benchmarking database will be
featured in the AAOE's exhibit hall booth. Ophthalmology practices will be able
to enter data into the database beginning next April. Practices that contribute
data will have free access to the database to explore how their practice is doing
in comparison to their colleagues.
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STOCK
WATCH A LOOK AT THE PERFORMANCE OF OPHTHALMIC COMPANIES |
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COMPANY
|
SYMBOL |
6/15
CLOSE |
52-WEEK
LOW |
52-WEEK
HIGH |
COMPANY
|
SYMBOL |
6/15
CLOSE |
52-WEEK
LOW |
52-WEEK
HIGH |
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Advanced Medical Optics
|
EYE |
$47.00 |
32.04 |
49.29 |
Johnson & Johnson |
JNJ |
64.16 |
56.65 |
65.38 |
|
Alcon |
ACL |
116.10 |
77.66 |
148.70 |
LCA-Vision |
LCAV |
43.20 |
29.76 |
58.25 |
|
Allergan |
AGN |
112.50 |
69.01 |
117.78 |
Lumenis |
LUME |
1.25 |
1.25 |
2.90 |
|
Bausch & Lomb |
BOL |
51.59 |
40.75 |
87.89 |
Medtronic |
MDT |
46.52 |
47.80 |
59.17 |
|
Becton Dickinson |
BDX |
68.38 |
49.71 |
69.74 |
Merck & Co. |
MRK |
40.80 |
25.30 |
42.23 |
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The Cooper Companies Inc. |
COO |
55.24 |
43.99 |
78.50 |
Novartis |
NVS |
57.36 |
45.36 |
58.57 |
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Escalon Medical
Corporation |
ESMC |
4.38 |
4.26 |
9.29 |
Occulogix |
RHEO |
2.06 |
1.56 |
12.85 |
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Genentech |
DNA |
79.02 |
43.90 |
100.20 |
OSI Pharmaceuticals |
OSIP |
36.45 |
20.81 |
50.20 |
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Halozyme Therapeutic |
HTI |
2.53 |
1.50 |
3.50 |
Pfizer |
PFE |
28.16 |
20.27 |
28.51 |
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Inspire Pharmaceuticals |
ISPH |
5.37 |
4.52 |
16.81 |
QLT, Inc. |
QLTI |
7.41 |
5.97 |
17.30 |
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IntraLase |
ILSE |
19.40 |
12.26 |
24.38 |
STAAR Surgical Inc. |
STAA |
7.10 |
3.12 |
9.53 |
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Iridex |
IRIX |
8.00 |
3.65 |
13.40 |
Synergetics USA |
SURG |
4.65 |
1.40 |
8.00 |
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ISTA Pharmaceuticals |
ISTA |
5.35 |
5.26 |
11.24 |
TLC Vision |
TLCV |
5.48 |
4.23 |
8.85 |
GIVING BACK:Making a Difference in Africa
Cathy Schanzer: Mother, Physician and Dedicated
Volunteer.
By
Leslie Goldberg, Assistant Editor
Cathy Schanzer, M.D., medical director and chief surgeon at Southern Eye Associates
in Memphis, Tenn., and mother to seven adopted children, felt the calling for mission
work early in her professional career. After a few years in private practice, the
frustrations of paperwork requirements and medical bureaucracy helped motivate Dr.
Schanzer to act on her wish to provide medical care in its purest, simplest form.
She first traveled to Africa in 1988. With little information
at hand, she gathered supplies, got her immunization shots, and at the last minute,
her husband, Tom, decided to join her (he thought it would be a good idea that if
she was going to face danger, he should be along for the trip). Their work began
in Nigeria and later included efforts in Zimbabwe and Mozambique.
Six years ago, at the encouragement of a friend, they trekked
to Sierra Leone, a country recovering from a long and brutal civil war. While they
loved Sierra Leone, it provided an enormous challenge. Among many obstacles, the
entire infrastructure of the country had been destroyed. Refugee camps, orphaned
children, lack of water and electricity, pothole-filled roads and minimal housing
were the norms. Most of the nation's medical care facilities had also been destroyed.
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Dr. Schanzer
and Serabu children celebrating the eye clinic opening.
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The couple initially volunteered at the Kissy Eye Clinic in the
capital city of Freetown. Then, in 2005, they were asked to go to Serabu, 7 bumpy-road
hours southeast of Freetown and the home village of Catholic Archbishop Joseph Ganda.
The war had virtually destroyed the entire village and Archbishop Ganda had requested
that Cathy and Tom help "his people." Dr. Schanzer recalls their arrival
at the village. She observed that most people live in makeshift huts and water is
carried from a local stream. She was the first doctor there in 15 years and was
soon inundated with general medical problems. She also had to deal with tribal chiefs,
local healers, the Catholic diocese and a slowly recovering national healthcare
system.
Once committed to the mission in Serabu, Cathy and Tom began to
transform a simple block building into a modern eye clinic and surgical facility,
adding diagnostic and surgical equipment, well-water gravity-flow plumbing, generator
electricity and an air conditioner to climate-control the operating theatre. They
hired seven full-time local employees, including three trained technicians from
Freetown, who Dr. Schanzer says have a wealth of medical knowledge. These people
agreed to leave their own families to go to Serabu because they felt so strongly
about the mission. The clinic has a full-time ophthalmic nurse, optician and
operating
theater technician but does not yet have sufficient physician/surgeon coverage.
Cathy and Tom travel there twice a year for 3 weeks at a time,
with Dr. Schanzer performing nearly non-stop surgery each trip. Tom assists with
patient care logistics and behind-the-scenes support for all the operating systems
that keep the clinic open. Area residents plan for their arrival and begin walking
3 to 4 days in advance of their coming. Dr. Schanzer has taught the clinic employees
how to do A-scans and keratometry so they can correctly perform IOL calculations
and lens selection. "I am amazed at what has been accomplished," says Dr. Schanzer.
"It is both very humbling and very rewarding. While we began this venture with the
idea of giving, we have received much in return. We have witnessed the true meaning
of life and living under very harsh conditions."
Cathy and Tom have also established Southern Eye Institute as
a 501(c)(3) organization to support their mission efforts. Private funds and outside
donations support the clinic operations. They are recruiting visiting surgeons and
will help coordinate all travel logistics. Interested physicians can contact them
through their Web site at
www.southerneyememphis.com or by calling Tom Lewis directly
at (901) 569-3939.
Sirion: A New Player in Ophthalmic Market
The Company Already Has Three Drug Candidates.
By Jerry Helzner, Senior Editor
Though Sirion Therapeutics is a new company, formed late last year with the goal
of developing ophthalmic products that meet unmet needs in the eyecare market, the
company already has an experienced management team that would be the envy of many
mature companies.
Sirion, based in Tampa, Fla., has taken its name from the star
Sirius, the brightest star in the sky. The company also hopes to shine brightly,
with an ambitious development program that calls for the launch of four new drugs
in 2008.
Sirion has not wasted any time in putting its plans into action.
Sirion licensed its first drug development candidate in June. The deal, made with
Japan's Senju Pharmaceutical Co., Ltd., gives Sirion the exclusive U.S. rights to
to develop and market a topical ophthalmic emulsion containing the steroid compound
difluprednate for the treatment of inflammatory eye diseases.
"We are excited about the potential that this product brings to
Sirion," said Roger Vogel, M.D., Sirion's chief medical officer. "We believe that
this strong steroid can fill a gap in the current treatment options for moderate
and severe inflammatory diseases of the eye."
Adds Glenn Jaffe, M.D., professor of Ophthalmology and director
of the Uveitis Service at Duke University: "Difluprednate ophthalmic emulsion would
become the first high-potency steroid launched in ophthalmology in over a decade.
This has the potential to be a significant addition to our treatment options for
serious inflammatory eye diseases that cause blindness."
Sirion Chairman and CEO Barry Butler said the company expects
to file an Investigational New Drug application for difluprednate ophthalmic emulsion
with the FDA by the end of this year and plans to begin phase 3 trials in the U.S.
during the first half of 2007.
In July, Sirion announced a second licensing agreement when it
acquired exclusive U.S. rights from Laboratorios Sophia of Mexico for a topical
solution with the active ingredient cyclosporine A for ophthalmic use. The company
plans to initiate clinical trials for this compound, which Sirion has designated
ST-603, in the first half of 2007.
"We think the unique properties of the ST-603 formulation can
position it to gain significant market share in the U.S. cyclosporine market," said
Butler.
More recently, Sirion has acquired Sytera Inc., a La Jolla, Calif.,
company that is developing a potential treatment for the dry form of AMD and Stargardt's
disease. Through the merger with Sytera, Sirion obtains the compound ST-602, formerly
designated SYT101 (Fenretinide). ST-602 is an oral compound aimed at reducing the
accumulation of lipofuscin in the eye by lowering the body's level of serum retinol
(vitamin A). It is hypothesized that the accumulation of lipofuscin in the eye is
responsible for vision loss in diseases such as dry AMD, geographic atrophy and
Stargardt's disease. The company is initiating a proof of concept trial later in
2006.
The Sirion management team is led by Butler, who brings 18 years
of experience in the pharmaceutical industry, including holding a variety of management
and senior management positions at companies such as Bausch & Lomb and Glaxo.
Dr. Vogel, the chief medical officer, spent 16 years with Merck, where he
rose to the position of global head of clinical research for ophthalmology and infectious
diseases.
Initial financial support for Sirion has been provided by NovaQuest,
the strategic partnering group of Quintiles Transnational Corp., and Avalon Ventures,
a venture capital company. In late September, Sirion announced that it has secured
an additional $25 million in financing from a group of institutional investors.
The new funding will be used to develop and commercialize Sirion's product portfolio.
Toward this end, Sirion has added additional personnel experienced in bringing ophthalmic
products to market.
IN
THE NEWS
■
Improved-design Tecnis launched. Advanced Medical Optics, Inc. (AMO) has introduced
the Tecnis CL IOL with design enhancements. Improvements include blue modified C
PMMA haptics for better visibility and easier implantation of the lens, frosted
OptiEdge design for reduced edge glare and reduced posterior capsule opacification
and patented silicone material for long-term biocompatibility performance.
The Tecnis CL IOL can be implanted with the Unfolder Silver Series
Implantation Systems and the Silver Advanced Cartridge through a 2.8 mm incision.
It permanently replaces both the Z9000 and Z9001 Tecnis silicone IOL models.
"The Tecnis CL IOL provides the same FDA-approved claims and excellent
outcomes as the original Tecnis lens but with a more user-friendly design," said
Russ Trenary, AMO corporate vice president and chief marketing officer. "We expect
the Tecnis CL lens to speed surgeon migration from older-generation silicone lenses
to the superior Tecnis optical design.
CMS extended New Technology Intraocular Lens (NTIOL) status to
the Tecnis CL lens in August. The Tecnis and Tecnis CL lenses are the only FDA-approved
IOLs with claims for reduced spherical aberration, improved functional vision and
improved night driving simulator performance.
■ SOLX acquired. OccuLogix, Inc., which is developing a rheopheresis treatment for
the dry form of AMD, has completed its acquisition of SOLX, Inc., the developer
of an innovative new treatment for glaucoma. Based at the Boston University Photonics
Center, SOLX has developed the DeepLight Glaucoma Treatment System, a next-generation
treatment platform for reducing IOP. The DeepLight System includes the DeepLight
790 Titanium Sapphire Laser and the DeepLight Gold Micro-Shunt, which can be used
separately or together to provide patients with multiple options for IOP reduction.
The DeepLight 790 and the DeepLight GMS have received international CE approval
are currently the subjects of two randomized, multi-center studies being conducted
in the United States.
Doug Adams, SOLX president and CEO, has joined OccuLogix as president
of the new subsidiary.
■ Shuler joins AMO/VISX. AMO/VISX has recently hired Michael Shuler as laser vision
correction director of global strategic accounts, primarily working with VISX technology.
He will be assisting management with key accounts, both in the United States and
internationally.
Shuler joins AMO with 35 years of experience in ophthalmic business
and sales. He previously worked in sales management with such companies as Syntex
Ophthalmics, Cooper Vision, Storz Ophthalmics and also with VISX previously as director
of sales from 1995 to 2002. Before rejoining the AMO family, he was vice president
of business development and helped launch sales for WaveLight Inc.