SANTA BARBARA, Calif.--(BUSINESS WIRE)--Nov. 17, 2006--Mentor
Corporation (NYSE:MNT), a leading supplier of medical products for the
global aesthetic market, announced today that the U.S. Food and Drug
Administration (FDA) has approved for sale the Company's MemoryGel(TM)
silicone gel-filled breast implants with post-approval conditions. The
products are indicated for women undergoing breast reconstruction and
for women who are at least 22 years old undergoing breast
augmentation.
"At this historic moment for Mentor, we would like to recognize
with gratitude the dedication of the patients, nurses, and surgeons
who have participated in the studies that provided the clinical and
scientific support for this approval," said Joshua H. Levine,
President and Chief Executive Officer of Mentor Corporation. "Over the
past 14 years we have remained devoted to returning MemoryGel(TM)
implants to the U.S. market, and we are pleased to be able to provide
women seeking breast augmentation and reconstruction with important
new options."
The post-approval conditions and other requirements associated
with the FDA's approval include the following: continue the ongoing
Mentor Core Study through 10 years, provide physician training to
access the device, conduct a large post-approval study for 10 years,
complete additional device failure studies, conduct a focus group with
patients on the format and content of the approved labeling, utilize a
formal informed decision process with patient labeling, cease new
enrollment in the Mentor Adjunct Study, and implement device tracking.
For more than a decade, U.S. women seeking breast augmentation
have been limited to using saline implants. "Many women prefer the
appearance and feel that Mentor's MemoryGel(TM) implants provide, and
with the help of their doctor, they can now make that informed
choice," said Maurice Nahabedian, M.D., Associate Professor of Plastic
Surgery, Georgetown University.
In April 2005, the FDA's General and Plastic Surgery Devices
Advisory Panel recommended approval for Mentor's MemoryGel(TM)
implants by a vote of 7 to 2, based on its review of Mentor's
Pre-Market Approval (PMA) application, filed in December 2003, the
Company's PMA amendment, filed in August 2004, and more than 10 years
of science related to silicone gel-filled breast implants referenced
in those submissions.
The risks and complications associated with breast augmentation
and reconstruction procedures are described in detail in FDA approved
physician and patient labeling and can be obtained on
www.memorygel.com. Mentor is focused on providing effective product
solutions for surgeons and the patients they serve. All Mentor's
MemoryGel(TM) breast implants are made of a proprietary silicone gel
formulation that holds its shape but remains soft, resulting in a more
natural look and feel.
Conference Call
Mentor Corporation has scheduled a conference call for Monday,
November 20, 2006 regarding this announcement. You may listen to the
live web cast at 8:30 a.m. EST on Monday, November 20, 2006 or the
archived call at www.mentorcorp.com, Investor Relations site under
"Conference Calls". Those interested in listening to a recording of
the call may dial (888) 225-1540 at 10:30 a.m. EST on November 20,
2006 until Midnight EST December 1, 2006.
About Mentor Corporation
Founded in 1969, Mentor Corporation is a leading supplier of
medical products for the global aesthetic market. The Company
develops, manufactures and markets innovative, science-based products
for surgical and non-surgical medical procedures that allow patients
to retain a more youthful appearance and improve personal well-being.
The Company's website is www.mentorcorp.com.
For free video content about Mentor MemoryGel(TM) breast implants,
media can log onto www.thenewsmarket.com/memorygel to preview and
request video. You can receive broadcast-standard video digitally or
by tape from this site.
Safe Harbor Statement
This press release contains forward-looking statements regarding
FDA regulatory actions, research and development activities, market,
and product potential with respect to Mentor's MemoryGel(TM) breast
implants. These forward-looking statements are based on our current
expectations, estimates and projections about our industry,
management's beliefs and certain assumptions made by us. Any
statements that refer to expectations, projections or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. These
forward-looking statements speak only as of the date hereof and are
based upon the information available to us at this time. Such
information is subject to change, and we will not necessarily inform
you of such changes. These statements are not guarantees of future
results and are subject to risks, uncertainties and assumptions that
are difficult to predict. Therefore, our actual results could differ
materially and adversely from those expressed in any forward-looking
statement as a result of various factors.
The Securities and Exchange Commission filings of Mentor,
including, without limitation, its Annual Report on Form 10-K, its
Quarterly Reports on Form 10-Q, and recent Current Reports on Form
8-K, discuss important risk factors that could contribute to such
differences or otherwise affect its business, results of operations
and financial condition. Mentor undertakes no obligation to revise or
update publicly any forward-looking statement for any reason.
CONTACT: Mentor Corporation
Investors
Loren L. McFarland
Chief Financial Officer
805-879-6082
Media
Bill Zucker / Burson Marsteller
312-596-3557
SOURCE: Mentor Corporation