SOURCE: Oasis Medical Inc.

US manufacturer & distributor of punctum plugs, surgical disposables, Oasis TEAR lubricant drops

June 17, 2013 13:24 ET

OASIS® Medical Inc. and Shape Ophthalmics, LLC Announce Joint Venture to Introduce an Innovative Shape Memory Polymer Punctal Plug

The Proprietary Plug Technology Brings a Unique Cap and Anchor Design, High Retention, Enhanced Comfort and Single Plug Size to Optometric and Ophthalmic Practices Globally for the Treatment of Dry Eye

GLENDORA, CA--(Marketwired - June 17, 2013) -  OASIS Medical Inc., manufacturer and distributor of high quality reusable and disposable surgical instruments, punctal occlusion devices, and ocular lubricating and cleansing solutions, is pleased to enter a joint venture with Shape Ophthalmics, LLC, Denver, CO, introducing a proprietary shape memory plug technology triggered by natural body heat. This unique punctal plug for the treatment of dry eye will be manufactured exclusively by OASIS Medical Inc. for worldwide distribution.

"The unmatched retention and excellent comfort exhibited by the punctal plugs is the product of extensive research and development," said Malik Kahook, M.D. and co-founder of Shape Ophthalmics, "and will benefit greatly from the long term experience that OASIS possesses in the ocular surface treatment market."

Oasis expects to begin distribution of the plug in 2014.

"This partnership was a natural move for OASIS Medical," said Craig Delgado, President, OASIS Medical Inc. "As an innovator in ocular surface treatment, we understand the value that this groundbreaking technology in plug design can bring to practices and their patients."

For more information on OASIS Medical Inc. visit www.oasismedical.com.

About OASIS Medical Inc.

OASIS is a continuous improvement company deeply committed to truth in its business approach, relationships, and products based on our foundation of accountability. Our goal is to create a partnership for OASIS and the doctor so that both parties achieve a win. From the beginning, OASIS has been a practice-based company focused on building dry eye and surgical practices through the various tools we offer. OASIS invests in the long term through our strategic partnerships with eye care providers. This investment helps the doctor improve the quality of the patient's eye care experience. As consultants we are willing to invest time and equip the doctor with how our approach can assist their practice. This strategy allows OASIS to thrive by being relevant through focusing on the patient care experience and efficiency of the individual practice. Our values of integrity and quality guide our commitment to solution-based products that enhance patient care.

About Shape Ophthalmics, LLC

ShapeOphthalmics LLC is a company founded by Malik Kahook M.D., Naresh Mandava M.D. and Robin Shandas Ph.D. who are faculty members from the University of Colorado's Ophthalmology and Bioengineering departments. Among its research endeavors, Shape Ophthalmics is currently exploring several innovations in medical devices for use in ophthalmic practice.

About the University of Colorado Departments of Ophthalmology and Bioengineering

The University of Colorado's Department of Ophthalmology conducts state-of-the-art research to find innovative solutions for the prevention and treatment of blinding diseases. The department's Translational Research Center, in collaboration with its scientists and clinicians, seeks to accelerate research discoveries to find solutions for the unmet needs of patients. The Department of Bioengineering performs interdisciplinary research and training in bioengineering focused on catalyzing technology to cure and prevent disease. One of the few cross-campus programs in Colorado, Bioengineering also partners with clinicians and entrepreneurs to bring products to market efficiently and quickly.

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