Hoya Surgical Optics Acquires Mid Labs and Fritz Ruck

By Staff

Tuesday, November 13, 2018 12:25 AM Hoya Surgical Optics announced that it has entered into a definitive agreement to acquire two medical device companies: U.S.-based Mid Labs and Germany-based Fritz Ruck.

Clearside Biomedical Reports Loss for Third Quarter and Provides Pipeline Update

By Staff
Tuesday, November 13, 2018 12:21 AM ALPHARETTA, Ga.—Clearside Biomedical Inc. (NASDAQ: CLSD), a biopharmaceutical company that develops treatments that restore and preserve vision, reported a net loss for the third quarter of $23.9 million. This compared with a net loss of $18.3 million for the third quarter of 2017. The increase in net loss was “primarily attributable to higher R&D expenses in the third quarter of 2018,” the company said in an announcement last week. The company reported no revenue for its third quarter, which ended Sept. 30.

What Parents Think About Children’s Vision Correction Needs

By Staff
Monday, November 12, 2018 2:30 AM More than a third (35.5 percent) of parents reported that their children had never received an eye exam and more than half (58 percent) of the respondents claimed they passed on an exam for their children because they did not need an exam, according to a Vision Council VisionWatch survey, which queried parents about their children’s vision correction needs and behaviors.

Billionaire Boys Club and Italia Independent

By Staff

Monday, November 12, 2018 12:25 AM Billionaire Boys Club and Italia Independent have unveiled the first products resulting from the co-branding agreement announced in January 2018.

Kadesh Issues Recall of Puriton Brand Eye Relief Drops

By Staff
Monday, November 12, 2018 12:15 AM GARDEN GROVE, Calif.—Kadesh Inc. announced last week that it is voluntarily recalling all lots of Puriton Eye Relief Drops, 0.5 oz. (15ml) bottle. (The code is UPC 7 36972 1679 0.) During a recent FDA inspection, investigators observed that ophthalmic drugs, which are required to be sterile, are manufactured without necessary production controls and conditions to assure sterility, the company said in its announcement. This product is an over-the-counter homeopathic eye drop that is used for the temporary relief of burning and irritation due to dryness of the eye and discomfort due to minor irritations of the eye or to exposure to wind or sun, the company said.

Trust Plays a Major Role in Consumer Purchase Behavior

By Staff

Friday, November 9, 2018 3:05 PM Recent consumer research by SurveyMonkey, a global survey software company, looked at the issue of trust – or lack thereof – and the role it plays in consumers’ purchasing decisions, as well as other influences on consumers’ perceptions of brands. "You need trust to win customers, and you need to build on that trust to keep them," SurveyMonkey chief executive officer Zander Lurie said in a statement announcing the survey results. Trust plays a role in purchasing decisions for 92 percent of Americans and 95 percent of Canadians when it comes time to make a big purchase, according to SurveyMonkey. The survey also looked at consumers’ perception of advertising and how it might affect purchasing decisions. The results indicated that about half of consumers have never made a purchase because of an advertisement, according to SurveyMonkey. "Fewer than 1 in 10 individuals have ever purchased a product because of a celebrity endorsement, and only 13% have purchased because of an online influencer," the research firm noted. "Of all advertising mediums, TV is most effective, but friends and family are approximately twice as influential across the board."

A Canadian Winner at the Silmo d’Or Ceremony

By Staff

Friday, November 9, 2018 12:25 AM The International Opticians Association (IOA), an organization dedicated to improving and developing the profession around the world, partnered with Silmo for the first time to promote the profession internationally with the International Optician of the Year award.

Opternative Secures $9 Million in Series A3 Round of Funding

By Staff
Friday, November 9, 2018 12:24 AM CHICAGO—The eye health care technology company Opternative announced Thursday that is has secured $9 million in an “A3” round of funding, bringing to $18.5 million the total investment the company has raised to date, a spokeswoman told VMAIL. Trust Ventures and Pritzker Group Venture Capital led the funding round, with an additional investment from existing investor Jump Capital, according to the announcement. Opternative said it will use the funding to double its engineering, product, sales and marketing teams. The funding also will be used “to grow awareness and adoption of [the company’s] online vision test with consumers, employers and eyecare providers,” the announcement noted.

Pair Eyewear, Direct-to-Consumer Kids Eyeglasses Start-Up, Raises $1 Million in Seed Funding Round

By Staff
Friday, November 9, 2018 12:15 AM NEW YORK—Pair Eyewear, a customizable eyeglasses brand for kids established upon a direct-to-consumer model late last year, has closed a $1 million seed round of funding, a spokeswoman confirmed to VMAIL. The investors included Bolt, Corigin Ventures, Outbound Ventures, Precursor Ventures.  Pair calls itself a “new children’s eyewear brand” that intends to offer “the high quality, affordable, and fun glasses your kids deserve,” according to the company’s website. In its “launch” announcement in August, Pair said it offers five base frame shapes for children ages six to 14 and a choice of up to 10 colored interchangeable top frames per style.

Counting Calories at Thanksgiving

By Staff

Thursday, November 8, 2018 3:51 PM The average American will consume a hefty 3,000 calories on Thanksgiving for dinner alone. Drinks, dessert and appetizers can bring the total calorie count to 4,500, according to the Calorie Control Council, an industry group. That’s well in excess of the 1,600 and 2,800 calories daily— depending on age, weight, and gender—that nutrition experts recommend. The most popular Thanksgiving dishes—mashed potatoes, green bean casserole, stuffing and pecan pie—are full of sugar or fat or both. The Calorie Control Council estimates that 1 cup of mashed potatoes contains 238 calories and 8 grams of fat. A cup of green bean casserole comes in at 143 calories and 8 grams of fat, and a slice of pecan pie adds a whopping 456 calories and 21 grams of fat.

Smart Speakers (of the House)

By Staff

Thursday, November 8, 2018 3:16 PM Smart speakers and their voice recognition capabilities and interoperability with connected devices are providing consumers a simple and affordable way to create a smart home. According to the Consumer Technology Association (CTA), smart speakers like Amazon Echo and Google Home are surging in popularity. Following tremendous growth of 279 percent in 2017, CTA forecasts that more than 43 million smart speakers will ship in 2018, accounting for roughly $3.8 billion in wholesale revenue. CTA’s latest consumer tracker study indicates that nearly one in four (24 percent) U.S. households owns a smart speaker. By the end of 2019, a majority of U.S. households will own a smart speaker, marking one of the fastest adoption rates for a consumer technology product. This translates into record interest for products ranging from door locks to dishwashers, and double digit growth for most smart home products in 2018.

Oklahoma Voters Reject Proposal That Would Have Allowed ODs to Practice in Retail Locations

By Staff
Thursday, November 8, 2018 12:27 AM NEW YORK—A controversial proposal to amend the Oklahoma state constitution and thereby pave the way for some retailers to operate optometry practices within their buildings was defeated by a narrow margin in Tuesday’s election. The Oklahoma Association of Optometric Physicians (OAOP) resolutely opposed the proposal, which was listed on the ballot as State Question 793. The proposal, however, had received support from some big retailers, including Walmart. According to the “News OK” website,  the ballot proposal received 585,355 votes of “no” (or 50.2 percent of the votes cast) and 579,741 votes of “yes” (49.8 percent).

Italian Fashion Lands at CIIE in Shanghai

By Staff

Thursday, November 8, 2018 12:25 AM Six trade show brands come together to put the spotlight on Italian excellence: MICAM, Mido, MIPEL, Milano Unica, Lineapelle and The One Milano. Italy’s textile, fashion and accessory industry exports products worth over €2.2 billion to China every year.

PECAA Hosts Inaugural Strategic Partner Summit in Austin, Texas

By Staff
Thursday, November 8, 2018 12:24 AM AUSTIN, Texas—PECAA, a nationwide doctor alliance group for independent eyecare professionals, hosted its inaugural Strategic Partner Summit here in mid-October. The invitation-only event brought together senior leadership from integral industry vendor partners to discuss the inevitable changes impacting the industry and to explore solutions on how the group, collectively, could best serve their mutual customers and help support the future of independent optometry, according to an announcement.  Jamie Hughes, PECAA’s general manager, led the summit meeting, and Bart Foster, managing director of Sanitas Advisors, acted as the facilitator.

Consumers Will Spend 4.1 Percent More Than Last Year During 2018 Winter Holidays, NRF Survey Says

By Staff

Wednesday, November 7, 2018 3:49 PM WASHINGTON—Consumers say they will spend an average of $1,007.24 during the holiday season this year, up 4.1 percent from the $967.13 they said they would spend last year, according to the annual survey recently released by the National Retail Federation and Prosper Insights & Analytics. “The holidays are just around the corner and consumers are ready to shop,” NRF president and CEO Matthew Shay said. “Confidence is near an all-time high, unemployment is the lowest we’ve seen in decades and take-home wages are up.” The consumer survey comes on top of NRF’s annual holiday spending forecast, which takes into account a variety of economic factors to project overall spending rather than per-consumer spending. The forecast estimated that holiday retail sales in November and December will be up between 4.3 percent and 4.8 percent over 2017 for a total between $717.45 billion and $720.89 billion.