Valeant Extends Expiration of Offer to Acquire Allergan

By Staff
Wednesday, August 20, 2014 12:24 AM LAVAL, Quebec and IRVINE, Calif.— Valeant Pharmaceuticals International, Inc. (NYSE/TSX: VRX) has extended the expiration of its exchange offer to acquire all of the outstanding shares of Allergan, Inc. (NYSE: AGN) to 5:00 p.m., New York City time, on Dec. 31, 2014.

New Look Eyewear Inc. Closes $10 Million Private Placement

By Staff
Wednesday, August 20, 2014 12:23 AM MONTREAL— New Look Eyewear Inc. (BCI) said yesterday that it has completed its previously announced "bought deal" private placement subscription receipt financing for aggregate gross proceeds of $10 million, in connection with the offering to fund the recently-announced acquisition of certain assets and business of the Grieche & Scaff banner here, as reported earlier this month by VMail.

Appeals Court Eliminates Walmart’s $1.4 Million Penalty in Case Brought by Texas Optometrists

By Staff
Wednesday, August 20, 2014 12:18 AM NEW ORLEANS—In a case that goes back to 1992, when Walmart first began leasing space to Texas optometrists, the U.S. Court of Appeals for the Fifth Circuit decided Thursday, Aug. 14, 2014, to eliminate a $1.4 million penalty that had been levied against the retailing giant for encouraging optometrists to extend their business hours.

Affordable Care Act Has Little Immediate Impact on Optical

By John Sailer
Tuesday, August 19, 2014 4:00 PM ALEXANDRIA, Va.—"Recent developments with the Affordable Care Act (ACA) have not had too much of an immediate impact on the optical industry through the first five months of 2014," according to The Vision Council's latest VisionWatch Economic Situation Study: May 2014, which surveyed 5,023 adult consumers about purchasing behavior for optical goods during the first five months of this year.

When Bonuses Work... and When They Don’t

By Mark Wright, OD, FCOVD
Tuesday, August 19, 2014 3:30 PM One of the issues that always comes up is should I bonus my staff, or should I just pay a flat salary. There are two different sides to this argument.

Halpern's Lean Practice Management Cuts No-Shows in Half

By John Sailer
Monday, August 18, 2014 12:30 AM Halpern Eye Care, under the management of the family practice’s third generation, Ryan Halpern, OD, has recently implemented strategies to improve patient flow and to take advantage of economies of scale for this nine-location regional group along with the six-location Vision Associates practice it acquired in Maryland last year.

Jobson’s Optical Business Barometer Report Shows Increase in Ratings for July 2014

By Staff
Monday, August 18, 2014 12:30 AM NEW YORK—According to Jobson Optical Research's latest Optical Business Barometer (OBB) report, the overall optical business rating in July 2014 rose to 3.77, a very slight increase from the June 2014 rating of 3.76. The July 2014 rating also shows an increase from the July 2013 rating of 3.63, the July 2012 and 2011 ratings of 3.66 and the July 2010 of 3.55.

The Vision Council Presents ‘Sunglasses for UV Protection’ on Capitol Hill

By Staff
Monday, August 18, 2014 12:27 AM WASHINGTON, D.C.—The Vision Council held a briefing on Capitol Hill last week about the impact of UV exposure on vision health. The presentation on “Sunglasses, UV Protection and What You Need to Know to Protect Your Vision” covered both long-term and short-term concerns related to exposure to ultraviolet radiation.

New Lab GS-Rx Lets Independent ECPs Leverage Global Sourcing

By Judith Lee
Monday, August 18, 2014 12:00 AM SCOTTSDALE, Ariz.—Independent labs are facing challenges from all fronts, and so are independent eyecare professionals.

Jobson's Optical Business Barometer Report Shows Increase in Ratings for July 2014

By Catherine Wolinski
Friday, August 15, 2014 3:30 PM NEW YORK—According to Jobson Optical Research’s latest Optical Business Barometer (OBB) report, the overall optical business rating in July 2014 rose to 3.77, a very slight increase from the June 2014 rating of 3.76. The July 2014 rating also shows an increase from the July 2013 rating of 3.63, the July 2012 and 2011 ratings of 3.66 and the July 2010 of 3.55.

Registration Opens for the Optical Lab Division Meeting

By Staff
Friday, August 15, 2014 12:24 AM ALEXANDRIA, Va.—The annual event will once again be held in conjunction with the continuing education and exhibits at International Vision Expo West, Sept. 17 to 20.

InSite Vision Inc. Reports Q2 2014 Results

By Staff
Friday, August 15, 2014 12:23 AM ALAMEDA, Calif.— InSite Vision Incorporated (OTCBB:INSV) has reported financial results for the second quarter ended June 30, 2014.

Optomap Eye-Q Quiz Invites Everyone to Test Their Eye Health for a Good Cause

By Staff
Friday, August 15, 2014 12:18 AM LONDON—The optomap Eye-Q Quiz sponsored by Optos PLC (LSE:OPTS) invites everyone to test their knowledge of eye health while supporting a good cause.

Allergan and Valeant Pharmaceuticals Receive FTC Second Request Under Hart-Scott-Rodino Act

By Staff
Wednesday, August 13, 2014 12:16 AM IRVINE, Calif. And Quebec— Allergan, Inc. (NYSE: AGN) and Valeant Pharmaceuticals (NYSE:VRX)  have both received a request for additional information (a "Second Request") under the Hart-Scott-Rodino Act from the U.S. Federal Trade Commission in connection with Valeant’s unsolicited acquisition proposal of Allergan.

ABB Optical Group Announces Launch of New Annual Grants Program

By Staff
Wednesday, August 13, 2014 12:15 AM CORAL SPRINGS, Fla.—In keeping with its commitment to making a positive impact on local communities, ABB Optical Group, a leading distributor of optical products, has launched a signature annual grants program to support non-profit organizations nominated by eyecare professionals nationwide.
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