We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
STAA Gains FDA Nod to Expand EVO ICL Age Indication to 60 Years
Read MoreHide Full Article
Key Takeaways
STAAR Surgical won FDA approval to expand EVO ICL use to patients aged 21 to 60 years.
STAA shares rose 8.4% after data showed strong safety and rising U.S. adoption trends.
STAAR Surgical sees growth as LASIK declines and 24M U.S. adults may qualify for EVO ICL.
STAAR Surgical (STAA - Free Report) recently announced that the FDA has approved an expanded age indication for its EVO/EVO+ Visian Implantable Collamer Lenses (EVO ICL), extending eligibility in the United States to patients aged 21 to 60 years. Previously, the EVO ICL was approved for patients aged 21 to 45 years.
The approval follows the publication of three-year FDA clinical trial data involving 629 eyes, which demonstrated a robust safety profile. Reported outcomes included a safety index of 1.25 at three years, with no cases of pupillary block or pigment dispersion, but a low anterior subcapsular cataract incidence of 0.16%.
An AECOS analysis spanning 19 United States refractive practices reported that EVO ICL was used in over 70% of procedures for patients with -8.0 diopters and above. This suggests a growing preference among experienced surgeons for lens-based correction in high myopia.
Management noted that the consistent preference among surgeons for lens-based correction in high myopia signals a significant shift in treatment paradigms. Coupled with supportive long-term FDA safety data and the recent age-indication expansion, EVO ICL is viewed as playing a central role in shaping the future treatment pathway across a broad spectrum of myopia.
Likely Trend of STAA Stock Following the News
Shares of STAA have gained 8.4% since the announcement on Tuesday. Over the past six months, shares of the company have lost 37.2% against the industry’s 20.3% growth and the S&P 500’s 8.8% rise.
In the long run, STAAR Surgical stands to benefit from the FDA approval for the expanded age indication for EVO ICL due to declining LASIK demand and growing patient interest in lens-based alternatives. The approval, backed by strong long-term safety data and favorable real-world adoption trends, should support higher procedure volumes and strengthen surgeon confidence. Overall, the expansion of age indication positions EVO ICL to capture a significant share in the refractive market as well as reinforce STAA’s growth outlook and competitive positioning in vision correction solutions.
STAA currently has a market capitalization of $805.82 million.
Image Source: Zacks Investment Research
More on the News
The expanded approval comes against a backdrop of shifting dynamics in the U.S. refractive market. Laser-based procedures involving corneal tissue removal have fallen to multi-decade lows, declining nearly 40% over the past three years, while EVO ICL volumes in the United States continue to rise. Recent patient survey data show that 53% of U.S. vision correction consumers are now considering LASIK alternatives, highlighting a prominent change in patient preferences.
Management estimates that 24 million myopic adults in the United States, including 8 million aged 46-60, could be candidates for EVO ICL. In the international markets, EVO lenses have long been used in patients aged 21-60, with the 46-60 age segment representing about 6% of the total EVO ICL patient base in markets approved up to age 60. The platform’s safety and efficacy are supported by extensive clinical experience and more than 100 peer-reviewed studies.
The EVO lens is implanted through a quick, minimally invasive procedure while preserving corneal tissue and the eye’s natural crystalline lens. This procedure offers a reversible, lens-based vision correction option that maintains flexibility for future treatments. For many patients, this supports a longer-term vision care strategy by delivering immediate visual improvement while allowing surgeons to adjust future treatments as vision needs change. In the United States, EVO Visian ICL is approved for phakic patients aged 21-60 for the correction or reduction of myopia and myopic astigmatism.
Industry Prospects Favoring the Market
Going by the data provided by Precedence Research, the intraocular lens market is valued at $5.34 billion in 2026 and is expected to witness a CAGR of 4.72% through 2035.
Factors like the rising prevalence of eye disorders and aging population, growing patient awareness and acceptance of vision correction options, technological advances in premium IOLs and strong strategic investments and global expansion are boosting the market’s growth.
Other News
STAAR Surgical recently announced that its board of directors has appointed Warren Foust (President and COO) and Deborah Andrews (CFO) as interim co-CEOs, effective Feb. 1, 2026. The two executives will jointly oversee day-to-day operations alongside the existing leadership team, with the board oversight during the transition period. Chairman Neal C. Bradsher noted the board’s confidence in their leadership to maintain business continuity while a formal search for a permanent CEO is underway.
Currently, STAAR Surgical has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space are Intuitive Surgical (ISRG - Free Report) , Cardinal Health (CAH - Free Report) and McKesson Corporation (MCK - Free Report) .
Intuitive Surgical, sporting a Zacks Rank #1 (Strong Buy) at present, reported fourth-quarter 2025 adjusted earnings per share (EPS) of $2.53, beating the Zacks Consensus Estimate by 12.4%. Revenues of $2.87 billion surpassed the Zacks Consensus Estimate by 4.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
ISRG has an estimated long-term earnings growth rate of 15.7% compared with the industry’s 13% rise. The company beat earnings estimates in the trailing four quarters, the average surprise being 13.2%.
Cardinal Health, currently sporting a Zacks Rank #1, reported a second-quarter fiscal 2026 adjusted EPS of $2.63, which surpassed the Zacks Consensus Estimate by 10%. Revenues of $65.6 billion beat the Zacks Consensus Estimate by 0.9%.
CAH has an estimated long-term earnings growth rate of 15% compared with the industry’s 9.8% rise. The company beat earnings estimates in the trailing four quarters, the average surprise being 9.3%.
McKesson, currently carrying a Zacks Rank #2 (Buy), reported a third-quarter fiscal 2026 adjusted EPS of $9.34, which beat the Zacks Consensus Estimate by 0.3%. Revenues of $106.2 billion beat the Zacks Consensus Estimate by 0.5%.
MCK has an estimated long-term earnings growth rate of 15.9% compared with the industry’s 9.8% rise. The company beat earnings estimates in the trailing four quarters, the average surprise being 3.6%.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
STAA Gains FDA Nod to Expand EVO ICL Age Indication to 60 Years
Key Takeaways
STAAR Surgical (STAA - Free Report) recently announced that the FDA has approved an expanded age indication for its EVO/EVO+ Visian Implantable Collamer Lenses (EVO ICL), extending eligibility in the United States to patients aged 21 to 60 years. Previously, the EVO ICL was approved for patients aged 21 to 45 years.
The approval follows the publication of three-year FDA clinical trial data involving 629 eyes, which demonstrated a robust safety profile. Reported outcomes included a safety index of 1.25 at three years, with no cases of pupillary block or pigment dispersion, but a low anterior subcapsular cataract incidence of 0.16%.
An AECOS analysis spanning 19 United States refractive practices reported that EVO ICL was used in over 70% of procedures for patients with -8.0 diopters and above. This suggests a growing preference among experienced surgeons for lens-based correction in high myopia.
Management noted that the consistent preference among surgeons for lens-based correction in high myopia signals a significant shift in treatment paradigms. Coupled with supportive long-term FDA safety data and the recent age-indication expansion, EVO ICL is viewed as playing a central role in shaping the future treatment pathway across a broad spectrum of myopia.
Likely Trend of STAA Stock Following the News
Shares of STAA have gained 8.4% since the announcement on Tuesday. Over the past six months, shares of the company have lost 37.2% against the industry’s 20.3% growth and the S&P 500’s 8.8% rise.
In the long run, STAAR Surgical stands to benefit from the FDA approval for the expanded age indication for EVO ICL due to declining LASIK demand and growing patient interest in lens-based alternatives. The approval, backed by strong long-term safety data and favorable real-world adoption trends, should support higher procedure volumes and strengthen surgeon confidence. Overall, the expansion of age indication positions EVO ICL to capture a significant share in the refractive market as well as reinforce STAA’s growth outlook and competitive positioning in vision correction solutions.
STAA currently has a market capitalization of $805.82 million.
Image Source: Zacks Investment Research
More on the News
The expanded approval comes against a backdrop of shifting dynamics in the U.S. refractive market. Laser-based procedures involving corneal tissue removal have fallen to multi-decade lows, declining nearly 40% over the past three years, while EVO ICL volumes in the United States continue to rise. Recent patient survey data show that 53% of U.S. vision correction consumers are now considering LASIK alternatives, highlighting a prominent change in patient preferences.
Management estimates that 24 million myopic adults in the United States, including 8 million aged 46-60, could be candidates for EVO ICL. In the international markets, EVO lenses have long been used in patients aged 21-60, with the 46-60 age segment representing about 6% of the total EVO ICL patient base in markets approved up to age 60. The platform’s safety and efficacy are supported by extensive clinical experience and more than 100 peer-reviewed studies.
The EVO lens is implanted through a quick, minimally invasive procedure while preserving corneal tissue and the eye’s natural crystalline lens. This procedure offers a reversible, lens-based vision correction option that maintains flexibility for future treatments. For many patients, this supports a longer-term vision care strategy by delivering immediate visual improvement while allowing surgeons to adjust future treatments as vision needs change. In the United States, EVO Visian ICL is approved for phakic patients aged 21-60 for the correction or reduction of myopia and myopic astigmatism.
Industry Prospects Favoring the Market
Going by the data provided by Precedence Research, the intraocular lens market is valued at $5.34 billion in 2026 and is expected to witness a CAGR of 4.72% through 2035.
Factors like the rising prevalence of eye disorders and aging population, growing patient awareness and acceptance of vision correction options, technological advances in premium IOLs and strong strategic investments and global expansion are boosting the market’s growth.
Other News
STAAR Surgical recently announced that its board of directors has appointed Warren Foust (President and COO) and Deborah Andrews (CFO) as interim co-CEOs, effective Feb. 1, 2026. The two executives will jointly oversee day-to-day operations alongside the existing leadership team, with the board oversight during the transition period. Chairman Neal C. Bradsher noted the board’s confidence in their leadership to maintain business continuity while a formal search for a permanent CEO is underway.
STAAR Surgical Company Price
STAAR Surgical Company price | STAAR Surgical Company Quote
STAA’s Zacks Rank & Key Picks
Currently, STAAR Surgical has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space are Intuitive Surgical (ISRG - Free Report) , Cardinal Health (CAH - Free Report) and McKesson Corporation (MCK - Free Report) .
Intuitive Surgical, sporting a Zacks Rank #1 (Strong Buy) at present, reported fourth-quarter 2025 adjusted earnings per share (EPS) of $2.53, beating the Zacks Consensus Estimate by 12.4%. Revenues of $2.87 billion surpassed the Zacks Consensus Estimate by 4.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
ISRG has an estimated long-term earnings growth rate of 15.7% compared with the industry’s 13% rise. The company beat earnings estimates in the trailing four quarters, the average surprise being 13.2%.
Cardinal Health, currently sporting a Zacks Rank #1, reported a second-quarter fiscal 2026 adjusted EPS of $2.63, which surpassed the Zacks Consensus Estimate by 10%. Revenues of $65.6 billion beat the Zacks Consensus Estimate by 0.9%.
CAH has an estimated long-term earnings growth rate of 15% compared with the industry’s 9.8% rise. The company beat earnings estimates in the trailing four quarters, the average surprise being 9.3%.
McKesson, currently carrying a Zacks Rank #2 (Buy), reported a third-quarter fiscal 2026 adjusted EPS of $9.34, which beat the Zacks Consensus Estimate by 0.3%. Revenues of $106.2 billion beat the Zacks Consensus Estimate by 0.5%.
MCK has an estimated long-term earnings growth rate of 15.9% compared with the industry’s 9.8% rise. The company beat earnings estimates in the trailing four quarters, the average surprise being 3.6%.