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Glaukos Lowers 2020 Guidance, Citing 'Competitive Headwind' In MIGS Business

 
• By Marion Webb

Glaukos Corp. said it expects rising competition in the US microinvasive glaucoma surgery (MIGS) space in 2020 from Ivantis along with surgical procedures.

eye scan close up

San Clemente, California-based Glaukos Corp. reported a 22% net sales growth reaching $65.8m in the fourth quarter of 2019, but cautioned that rising competition in the microinvasive glaucoma surgery (MIGS) space could slow 2020 growth in its US glaucoma business.

Glaukos, which pioneered MIGS, told analysts in its fourth-quarter earnings call that its US MIGS business grew 5% in the fourth quarter to $48m year-over-year, which was below market growth in the US, citing competition from Irvine, California-based Ivantis Inc

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