I'm running one of mine from 12 days, 24 hours a day, actually, on my lab style heatsink, set at 120mA ..... and checking any hour or so, when i'm in the shop ..... keeping it under 30 degrees, no faults, no power loss, no death ..... at least til now.
For the opposite, i fried another one running it for 15 minutes continuously at the same current, without heatsink (temp rised too much, it started avalanche effect rush, and dramatically decreased the output power to 25 mW (that mean, actually, it still adsorb 120mA, but give out no more than 25mA, and heat more quick than a "sane" diode ..... probably dielectric reflectors cooked, and now the remaining power is dissipated inside the chip, instead come out)
Perhaps their weakest point is the temperature ..... or, there are more series with different characteristics, but i don't have any way for check this, cause i never found any part numbers on them.