|
|
Article: Staar's stock price surging on OK of medical devices: company to start selling eye surgery items in U.S. and Europe.(HEALTH CARE)(STAAR Surgical Co.)(Company overview)
- Article from:
- Los Angeles Business Journal
- Article date:
- June 15, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Medical device maker Staar Surgical Co. hasn't seen such a good week in a long time.
The Monrovia company saw its share price spike twice last week, spurred by separate government approvals from the United States and the European Union for eye surgery devices that it plans to start selling within weeks.
Starr shares were trading at $1.05 on June 8 but shot up to $1.71 after the company announced the next morning that it had received European approval for a device that simplifies and makes cataracts surgery safer.
Then on June 11, the company announced that the U.S. Food and Drug Administration gave Staar clearance to market a device that makes ...