Falling Staar.Troubled Staar Surgical Co. disclosed in a Securities and Exchange Commission filing that it has made progress resolving its regulatory troubles, but Wall Street appears less than impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: . The Monrovia-based company this month reported that the Food and Drug Administration appears satisfied with the stability of a material it is using for a new implantable contact lens implantable contact lens Ophthalmology A refractive lens implanted over the natural lens of the eye for correcting myopia and farsightedness. See Myopia. that is still being clinically tested. But Staar Surgical acknowledged that the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. could take additional regulatory action against it. The company received two warning letters last year about problems with its manufacturing and quality assurance systems that prevented it from launching the lens. John Calcagnini, an analyst with CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , said that while the letter indicates Staar is resolving some issues, others remain. A Staar spokesman declined to comment. Staff reporter Laurence Laurence is the surname or the given name of several people: Surname
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