Imprimis Pharmaceuticals reported a net loss of $2.5 million, or $0.12 per share, in the third quarter of 2018 compared with a net loss of $5.7 million, or $0.28 per share, in the third quarter of 2017.Revenues increased 66% to $10.7 million, while oph…
Author: Healio ophthalmology
AGTC posts quarterly income
Applied Genetic Technologies Corporation reported a net income of $1.2 million for the first quarter of its fiscal year compared with a net loss of $1.4 million in the same quarter of 2017.General and administrative expenses decreased from $3.7 million…
Regeneron quarterly revenues increase
Regeneron reported total revenues of $1.663 billion in the third quarter of 2018, an increase of 11% from 2017’s third quarter revenues of $1.501 billion, according to a press release.Quarterly net income was $595 million, or $5.50 per basic share, com…
AMA adopts policy supporting in-person importation of prescription drugs from Canada
To address concerns that out-of-pocket costs for prescription drugs have reduced access to essential medications, delegates at the Interim Meeting of the AMA adopted a policy supporting in-person purchase and importation of prescription drugs from lice…
Study finds predictors of visual outcomes following vitrectomy for macular hole
Poor preoperative visual acuity, perioperative complications, age-related macular degeneration and delay to surgery are significant predictors of final visual acuity outcomes in patients who underwent small-gauge vitrectomy for full-thickness macular h…
Woman presents with unilateral blurred vision and eye pain
A 53-year-old Hispanic woman with a history of rheumatoid arthritis, iritis and a mechanical heart valve presented with complaints of blurry vision in her left eye for 1 week. She described a sharp pain as well as a burning sensation in the left eye. A…
Take steps now to avoid embezzlement later
It is the opinion of many practice advisers that there are only three types of physicians when it comes to embezzlement: those who have had some of their assets stolen by an employee and know it, those who are currently having assets stolen and are as …
What is the best practice for dealing with an employee who is caught embezzling from a medical practice?
Click here to view the Cover Story to this Point/Counter.Dealing with an employee who is caught embezzling from a practice is not as straightforward as it may seem. Each case is unique and needs to be treated on a case-by-case basis. It is always best …
Surgeons explore new ways to address compromised capsular support
Welcome to another edition of CEDARS/ASPENS Debates. CEDARS/ASPENS is a joint society of cornea, cataract and refractive surgery specialists, here to discuss some of the latest hot topics in ophthalmology.Managing IOLs in the eye with compromised capsu…
New IOL dedicated for scleral fixation
A dedicated IOL for scleral fixation that requires no sutures remained stable over 8 years of follow-up and might be an ideal solution for pediatric cases as well as a secondary implant in aphakic eyes.“Like many others, I wanted to find the best solut…
Medical practices take steps to prevent employee embezzlement
U.S. medical practices lose more than $25 billion annually through embezzlement, according to Medical Group Management Association estimates.In an MGMA survey of 946 medical practices, 83% reported being victims of embezzlement at some point in their o…
Digital vision syndrome: Building a comprehensive care model
It is fair to say that there is nothing other than smoking that has a greater deleterious effect on the health and function of your eyes than the use of a computer. Where once I used to ask my patients what they did for a living, I now simply say: “How…
IOL calculations in highly myopic eyes
Most people consider high myopia to be about –10 D or greater, but what about patients who are –20 D or more? For these patients with very long axial lengths and extreme levels of myopia, cataract surgery can be life-changing, but it is also quite chal…
Artificial intelligence zeroes in on DR
IDx-DR, an autonomous artificial intelligence-based diagnostic system for the detection of diabetic retinopathy in primary care offices, outperformed all prespecified superiority endpoints of sensitivity, specificity and imageability rates, according t…
Quarterly loss widens for Akorn
Akorn reported a GAAP net loss of $70.1 million, or $0.56 per diluted share, in the third quarter of 2018 compared with a GAAP net loss of $2.9 million, or $0.02 per diluted share, in 2017’s third quarter, according to a press release.Net revenue decre…
Practical concepts with the Argus II retinal prosthesis
There are revolutionary advances in surgery — radical shifts that change the trajectory of a field — and evolutionary changes, or more incremental advances. The introduction of the Argus II retinal prosthesis was clearly a revolutionary change and earn…
Path of Medicare Advantage changing
As Medicare Advantage gains traction over traditional Medicare, there are several important potential issues that demand oversight, according to a paper published in The New England Journal of Medicine.“The emerging role of Medicare Advantage, the priv…
Omeros’ revenues reflect Omidria pass-through status
Omeros Corp. reported a net loss of $39.5 million, or $0.81 per share, in the third quarter of 2018 compared to a net loss of $7.5 million, or $0.16 per share, in the third quarter of 2017.Revenues for the quarter decreased from $21.7 million in 2017 t…
Mazzo, SEC settle insider trading case
An insider trading case against James V. Mazzo, global president of ophthalmic devices at Carl Zeiss Meditec, has ended in a settlement, according to the Securities and Exchange Commission.Mazzo, who formerly served as chairman and CEO of Advanced Medi…
Ocular Bandage Gel shows potential for treating corneal epithelial defects
EyeGate Pharmaceutical’s Ocular Bandage Gel demonstrated potential for use in treating corneal epithelial defects in a study of patients undergoing photorefractive keratectomy, according to preliminary results released by the company.The study, which e…