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Nova Eye Medical Launches Next Generation Canaloplasty Device for Glaucoma, iTrack™ Advance

In select markets in Europe and the Asia Pacific

Nova Eye Medical Limited (ASX: EYE) (Nova Eye Medical or the Company), a medical technology company committed to advanced ophthalmic treatment technologies and devices, today announces the launch of its next-generation canaloplasty device, iTrack™ Advance, in select markets in Europe and the Asia Pacific.

The iTrack™ Advance builds on the legacy of the Company’s proprietary iTrack™ device. Launched in 2008, the iTrack™ device has been used in more than 100,000 canaloplasty procedures globally.

Pioneered by Nova Eye Medical (originally iScience Interventional, Inc.), canaloplasty is a surgical treatment for glaucoma that is designed to re-establish the function of the conventional outflow pathway, the primary drainage pathway in the eye responsible for regulating the outflow of aqueous fluid. This contrasts with traditional glaucoma surgical treatments that bypass or remove a portion of the conventional outflow pathway.

According to Managing Director of Nova Eye Medical, Tom Spurling, there has been a marked increase in interest in canaloplasty from both surgeons and the wider industry over the past 12-18 months.

“An implant-free procedure that preserves the trabecular meshwork for subsequent procedures, canaloplasty offers significant utility to surgeons and their patients.

The introduction of the iTrack Advance™ underscores our commitment to grow the canaloplasty field.”

“As more companies enter the field it will bring more mass and more interest into the marketplace, which will undoubtedly foster further growth. With our strong IP portfolio and industry-leading features, we are well positioned to capitalize on this growth.”

The iTrack™ Advance features the proprietary illuminated fiber optic tip of the original iTrack™ device, which allows the surgeon to continuously monitor the location of the device in Schlemm’s canal. It also features a proprietary guide-wire mechanism that enables the microcatheter to catheterize up to 360 degrees of the canal in a single intubation.

The new iTrack™ Advance device is designed to improve the overall efficiency of the canaloplasty procedure.

The Company expects the introduction of iTrack™ Advance to drive increased surgeon uptake of the canaloplasty procedure by cataract surgeons and comprehensive ophthalmologists. To date, the original iTrack™ device has been used almost exclusively by glaucoma surgeons.

“Canaloplasty is globally recognized as a highly effective treatment option for glaucoma. The intricacies of the procedure, however, which have included manual intubation of the microcatheter through the canal using forceps, previously limited its adoption by a broad cross section of surgeons.”

“With iTrack™ Advance we have taken the clinically proven iTrack™ microcatheter and engineered it into an intuitive, easy-to-use handpiece. It’s the perfect marriage of clinical excellence and surgical efficiency,” commented Mr. Spurling.

“We see iTrack™ Advance being readily adopted into the glaucoma toolkit of cataract surgeons and comprehensive ophthalmologists. This will ensure improved access to the canaloplasty procedure for a greater number of glaucoma patients worldwide,” added Mr. Spurling.

Over the coming months the Company will solidify its position for canaloplasty in Europe and support the market roll-out of the new iTrack™ Advance via a series of market development and clinical development initiatives, including a surgical training program in Germany.

“Canaloplasty has a rich history in Germany. It was formally recognized in 2014 as the new ‘gold standard’ in the surgical treatment of glaucoma by the patient advocacy group German Federate Eye Association. In 2020 we established a direct commercial team and a wholly owned subsidiary in Germany to support future growth of the canaloplasty market. We are currently ramping up our local German infrastructure to support the launch of the iTrack™ Advance,” said Mr. Spurling.

The Company will showcase the iTrack™ Advance (not for sale or use in the USA) to surgeons from outside the USA during the 2022 annual meeting of the American Society of Cataract and Refractive Surgery (ASCRS), 22-26 April in Washington DC.

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