InnFocus â Russ Trenary, President & CEO
Transcription
InnFocus â Russ Trenary, President & CEO
OIS, April 2015 InnFocus® - In Studies to prove a Safe, Easy, & Effective Surgical Alternative for all forms of Glaucoma Russ Trenary – President & CEO Investment Opportunity Final FDA Phase to begin soon – Phase I Enrollment Complete Large Market Potential with Reimbursement in Place InnFocus is not limited to cataract removal Clinical Outcomes in the AGIS Zone Proven Long Term Material Biocompatibility 12+ years of In-Human Use Only Product studied in an FDA Randomized Clinical Study against the “Gold Standard” of Glaucoma Surgery InnFocus - Lowest Investment Risk Opportunity in Glaucoma 2 Company Overview Focused on Glaucoma Surgery - Large & Growing Market Large & Growing 40% Annually - 3.5MM U.S. & 78MM global Patients U.S. Reimbursement Code In Place Only Product & Company with potential to meet EU Reimbursement Requirements Unique Product - InnFocus MicroShunt® Proven Material – Over 12 years In Human Use that resists Encapsulation & Stays Patent European CE Mark Strong IP protection with Five (5) Patents Issued & Numerous Pending Excellent IOP Lowering Achieves post operative IOP <14 mmHg 150+ patients enrolled in 4 clinical trials in US, EU, and Japan with 3 year follow-up U.S. IDE Study – compared against Surgical “Gold Standard” – Trabeculectomy Achieves >80% Glaucoma Rx Reduction 3 78.5M Worldwide Glaucoma Market ~$8B Current Market (Rx & Devices) 2nd Leading Cause of Blindness >40% CAGR projected for Glaucoma Surgical Devices estimated at 41% for the next 5years 8M 10% 18.75 M 24% 51.7 M 66% Open Angle Closed Angle Other Glaucoma Surgical Devices Represents Largest Growth Opportunity in Ophthalmology! InnFocus Provides 7X Market Potential Verses Competitors Market Scope 2014 4 InnFocus MicroShunt® Shape conforms to ocular tissue curvature Soft, Flexible, Compliant with No Erosion Atraumatic Fins prevent Migration Peri-annular leakage Design Proven to Prevent Chronic Hypotony Outer diameter = 350 µm Lumen diameter = 70 µm Length = 8.5 mm 5 MicroShunt® Product Benefits Revolutionary SIBS material responsible for enhanced IOP lowering over time Post – Op IOP below 14 mmHg at 3 years Procedure utilizes 50 year proven aqueous drainage pathway. No requirement for Cataract removal to Achieve IOP Reduction verses competitors Procedure Easy to Perform & Fits Surgeons Surgical Sweet Spot Results not temporary - Same IOP at 3 months & 3 years 6 Change in IOP Over Time Intraocular Pressure (mmHg) 30.0 Pre-Op IOP = 23.0 ± 5.6 mmHg on full meds 25.0 n=82 20.0 15.0 11.8 mmHg 11.4 mmHg 10.0 n=47 n=23 AGIS zone of no progression of vision loss* 05.0 0.0 n=34 10.9 mmHg 0 5 Courtesy Juan Batlle, Isabelle Riss, et al. * AGIS. Am J Ophthalmol 2000;130(4):429-40. 10 15 20 25 n=22 30 35 40 Months Post-Op 7 Dominican Republic and France Mean change in IOP with InnFocus MicroShunt® for Early Stage Patients only (MD < -6 Db) Pre-Op, N=38, Baseline IOP=24.7±5.7mmHg Meds/Pt=2.3±1.2 Intraocular Pressure (mmHg) 30.0 Yr-2, N=21 IOP=14.5±4.6mmHg Yr-1, N=32, IOP=14.7±3.9mmHg Meds/Pt=0.4 Yr-3, N=8 Meds/Pt= 0.3 IOP=11.6±3.8mmHg Meds/Pt=0.3 25.0 20.0 15.0 10.0 AGIS zone of no progression of vision loss 05.0 70% of patients totally off glaucoma medications 0.0 0 5 10 15 20 25 30 35 40 Months Post-Op Courtesy Juan Batlle, Isabelle Riss, et al. *AGIS 7 Study, Am J Ophthalmology 2000;130:429-440 8 Clinical Outcomes Rate Change in IOP Time N Qualified Success (%)* IOP mmHg Mean Drop in IOP (%) % Patients w/IOP ≤ 18 mmHg % patients w/IOP ≤ 14 mmHg Pre-Op 82 N/A 23.0±5.6 N/A N/A N/A Yr-1 34 100% 11.4±3.1 51% 100% 85% Yr-2 22 95% 11.8±3.6 49% 91% 82% Yr-3 22 95% 10.9±3.5 54% 100% 82% *Qualified success = (< 21mm Hg result, > 20% decline in IOP, and reduced meds usage) 9 Glaucoma Medication Change in Use over Time Time N Glaucoma Meds/Patient Reduction in Med use from baseline (%) Patients off Meds (%) Pre-Op 82 2.8 ± 1.2 N/A 0% Yr-1 34 0.4 ± 0.9 86% 82% Yr-2 22 0.4 ± 1.0 87% 86% Yr-3 22 0.5± 0.9 84% 73% 10 Adverse Events IOP < 5 mmHg after day 1 = 10% All resolved spontaneously Choroidal Effusion = 5% All resolved spontaneously No Long-term sight–threatening adverse events No endophthalmitis or chronic hypotony No progression of cataract in Phakic Patients Excellent benefit risk ratio for a Glaucoma Procedure 11 Clinical Study Outcomes Summary >50% IOP reduction from baseline (on full meds) to <14 mmHg >80% of eyes with IOP ≤ 14 mmHg 84% reduction in Glaucoma Rx to 0.5 med/patient >70% of Patients Off Glaucoma Rx at 3 years No Long-Term Sight-Threatening Adverse Events Only Glaucoma Product That Achieved AGIS Zone Clinical Outcomes 12 Thank you InnFocus® - In Studies to prove a Safe, Easy, & Effective Surgical Alternative for all forms of Glaucoma Russ Trenary – President & CEO 13