Glaukos CGS’ Open Meeting Positive for iDose, but It's Too Early to Extrapolate

研报英文原文证据摘录

Glaukos CGS’ Open Meeting Positive for iDose, but It's Too Early to Extrapolate

J P M O R G A N North America Equity Research

09 June 2026

Glaukos Overweight

GKOS, GKOS US

CGS’ Open Meeting Positive for iDose, but It's Too Price (09 Jun 26):$126.34

Early to Extrapolate

Medical Supplies & Devices

Allen Gong AC

(1-212) 622-9520

allen.gong@jpmorgan.com

Robbie Marcus, CFA

(1-212) 622-6657

robert.j.marcus@jpmorgan.com

The first open meeting on the proposed LCD for iDose (anterior segment

Lilia-Celine B Lozada

intraocular non-biodegradable drug-eluting system) was hosted after the close on

(1-212) 622-1019

Tuesday and featured a number of presentations from physicians representing their lilia-celine.b.lozada@jpmchase.com

practices and/or major medical societies. Every physician that presented Henry Householter

highlighted major issues with the LCD as proposed, with the most criticism leveled (1-212) 464-5599

at the proposed requirements for multiple failed first-line therapies and the henry.householter@jpmorgan.com

restriction on procedure stacking with MIGS. This broad view is a clear positive J.P. Morgan Securities LLC

for Glaukos, albeit an unsurprising one, and broadly reflects the belief that many

of the restrictions should be rescinded or significantly curtailed due to the lack of

data supporting them. It’s worth noting that this is at odds with the views of

Medicare expressed by the Chief Medical Officer for CGS hosting the call - in a

reversal of this physician view, the administrator highlighted that this lack of data

is why exactly why restrictions are necessary until there is clinical evidence to

support usage. Without an actual back-and-forth between physicians and

administrators, it’s hard to get an accurate read on MAC reception to the concerns