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Mentor Receives European Approval for Hyalite™ Dermal Filler Product Based on Hyaluronic Acid

(press release from Mentor Corporation)

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SANTA BARBARA, Calif.--Aug. 11, 2004--Mentor Corporation (NYSE:MNT), a leading supplier of medical products in the United States and internationally, today announced that it had received CE Mark approval to market its Hyalite™ dermal filler in Europe. Hyalite™ is the first product in the Company's product development pipeline for facial rejuvenation and is comprised of non animal-based, synthetic hyaluronic acid stabilized by Mentor's unique and patented double-cross linking technology.

"We are pleased to bring this next generation dermal filler to the European market and look forward to beginning the process required to gain U.S. approval as well," commented Joshua H. Levine, President and Chief Executive Officer of Mentor Corporation. "This approval represents the first milestone in our strategic product development pipeline focused on facial aesthetics, an area where we are increasing our level of activity now and in the future."

Hyalite™ received European approval for soft tissue augmentation in the correction of wrinkles and folds and for lip enhancement. Hyalite™ is a pure, synthetic hyaluronic acid and does not have the risks of infection and contamination associated with animal-based products. Hyalite™ is manufactured through a unique and patented process that provides two discrete cross-linking steps to improve product stability and increase product persistence.

"Hyalite™ provides an important new choice for me to consider as I seek to optimize patient outcomes," commented Nicholas Lowe, M.D, a thought-leading dermatologist and cosmetic surgeon with practices in London, England, and in Santa Monica, California. "I am pleased with the results of the product thus far. Hyalite™ gives a very smooth injection resulting in a uniform filling to the lips and lower face lines. I am hopeful that this new treatment option will better meet patients' needs."

Mentor is planning to commence the U.S clinical development program in the second half of 2004, which is required to be completed prior to seeking approval to launch the product in the United States. Mentor acquired Hyalite™ and the patented double cross-linking technology platform in August 2003 through its acquisition of A-Life Inc.

About Mentor Corporation

Founded in 1969, Mentor Corporation is a leading supplier of medical products for the global healthcare market. The Company develops, manufactures and markets innovative, science-based products for the aesthetics and urologic specialties markets around the world.

The Company's Aesthetics franchise includes prosthetic mammary implants for breast augmentation and reconstruction, and lipoplasty products for body contouring. Mentor's Urologic Specialties franchise includes surgical slings for the treatment of urinary stress incontinence, brachytherapy seeds for the treatment of prostate cancer, prosthetic implants for the treatment of erectile dysfunction and disposable medical devices for the treatment and care of urinary incontinence and other urological conditions.

Mentor employs approximately 2,000 people around the world and is headquartered in Santa Barbara, California, with manufacturing and research operations in the United States, France, the Netherlands and the United Kingdom. The Company's website is: www.mentorcorp.com


Safe Harbor Statement

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," similar expressions, and variations or negatives of these words. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements speak only as of the date hereof and are based upon the information available to us at this time. Such information is subject to change, and we will not necessarily inform you of such changes. These statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statement as a result of various factors.

The Securities and Exchange Commission filings of Mentor, including, without limitation, its Annual Reports on Form 10-K, subsequent quarterly reports on Form 10-Q, and recent Current Reports on Form 8-K, discuss important risk factors that could contribute to such differences or otherwise affect its business, results of operations and financial condition. Mentor undertakes no obligation to revise or update publicly any forward-looking statement for any reason.


Contacts
Mentor Corporation
Peter R. Nicholson, (805) 879-6082

 


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