What Happened?
Miami, FL-based InnFocus Appointed Russ Trenary as Chief Executive Officer
About the Company
InnFocus, Inc., an early stage company pioneering a microsurgical solution for glaucoma.InnFocus is an ophthalmology company founded in 2003 with extensive biomaterials experience that develops and provides next generation products for glaucoma surgery. Glaucoma is a disease for which there is no cure, is the second leading cause of blindness in the world and afflicts an estimated 60 million people worldwide.
About the Person
Mr. Trenary was chosen to lead InnFocus in 2013. His managerial experience spans over 3 decades and includes specific interfacing in Marketing / Sales / Finance / R&D / Clinical / Regulatory / Manufacturing. He has turned unprofitable $100MM divisions at Allergan (NYSE:AGN) into highly profitable entities, and also significantly increased profitability in $500MM divisions at what is now Abbott-AMO (NYSE:ABT). Mr. Trenary managed at several levels 4 of the 10 largest first years sales in eye care medical device history at the time of their launch; the first FDA approved foldable IOL implant that shifted the entire industry's paradigm from large incision to phaco assisted small incision cataract surgery ($29MM), second generation foldable IOL implant ($52MM), first laser specifically for hyperopia ($22MM), and the ReZoom™ presbyopia correcting IOL implant ($26MM). He has been a key instigator in 7 acquisitions including VISX, Inc., ($1.3B), Intralase, Inc., ($800MM), Pharmacia Surgical, ($450MM), Wavefront Sciences, Inc.,($21MM), Ioptex, Inc.,($20MM), Optical Micro Systems, ($16MM), and Orthodontic Design and Production (ODP), for an undisclosed amount. Among the acquired firms were VISX, Inc., ($1.3B), Intralase, Inc., ($800MM), Pharmacia Surgical, ($450MM), Wavefront Sciences, Inc.,($21MM), Ioptex, Inc.,($20MM), Optical Micro Systems, ($16MM), Orthodontic Design and Production (ODP), for an undisclosed amount. Mr. Trenary holds an M.B.A. from Michigan State University and B.S. from Miami University (Ohio)
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