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Sheeting Stock. (Health Care).


STAAR STAAR Second Time Around Aussie Rescue, Inc. (Bryan, TX)
STAAR Space Technology Applications Astronomy & Rocket Research (Scottish Rocket Programme) 
 Surgical Co.'s stock is shooting up after a plunge last year that saw it lose nearly 90 percent of its value.

The Monrovia-based developer of implantable contact lenses and other optical devices has seen its stock rise from a low of $1.55 in September to $4.50 last week, following settlement of a lawsuit with Canon Inc., its partner in Japan in October.

It also has received a series of regulators' approvals to begin either marketing or testing new products. Just this month, the U.S. Food and Drug Administration issued conditional approval for the company to begin testing an implantable toric tor·ic  
adj.
Of, relating to, or shaped like a torus or part of a torus.
 contact lens contact lens, thin plastic lens worn between the eye and eyelid that may be used instead of eyeglasses. Actors, models, and others wear them for appearance, and athletes use them for safety and convenience.  that corrects for astigmatism astigmatism (əstĭg`mətĭz'əm), type of faulty vision caused by a nonuniform curvature in the refractive surfaces—usually the cornea, less frequently the lens—of the eye. , a condition in which the lens of the eye is distorted.
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Title Annotation:Legal Beat; STAAR Surgical Co. settles lawsuit with Canon Inc.
Comment:Sheeting Stock. (Health Care).(STAAR Surgical Co. settles lawsuit with Canon Inc.)(Legal Beat)
Author:Darmiento, Laurence
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 21, 2002
Words:122
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