Friday, July 19, 2019 12:18 AM
SOPHIA ANTIPOLIS, France—International ophthalmology company Nicox
(Euronext Paris: FR0013018124, COX) reported net revenue of €5.2 million in the second quarter ending June 30, 2019 versus €0.2 million in the second quarter of 2018. The Nicox Group had cash and cash equivalents of €17.3 million as compared with €23.5 million at March 31, 2019 and €22.1 million as of Dec. 31, 2018. These cash and cash equivalents do not include the €2 million upfront payment from Ocumension nor the $3 million milestone payment from Eyevance received in July, the company said.
Monday, July 8, 2019 12:24 AM
OSAKA, Japan—Takeda Pharmaceutical Company (TSE:4502/NYSE:TAK) announced last week that it completed the sale of its Xiidra (lifitegrast ophthalmic solution) 5 percent product to Novartis
for $3.4 billion upfront in cash and up to an additional $1.9 billion in potential milestone payments. VMail
first reported news of the pending deal
in May. “The completion of this transaction marks an important step in executing Takeda’s strategy, which is focused on optimizing our portfolio around the key business areas that are core to our long-term growth and creating the most value for our patients and shareholders,” said Christophe Weber, president and CEO of Takeda.
Tuesday, June 25, 2019 9:30 AM
NORTH CHICAGO, Ill. and DUBLIN—AbbVie Inc.
(NYSE: ABBV) and Allergan plc
(NYSE: AGN) have entered into a definitive transaction agreement under which AbbVie will acquire Allergan in a cash and stock transaction for a transaction equity value of approximately $63 billion, based on the closing price of AbbVie's common stock of $78.45 on June 24, 2019. The deal, which was announced by the two companies this morning, is worth about $80 billion including debt, according to The Wall St. Journal
Friday, June 14, 2019 12:21 AM
CHICAGO—Sheridan Capital Partners
announced its investment in Atlantic Vision Partners (AVP), a vision practice management company. In the transaction, Sheridan invested alongside AVP’s founders and management, who will retain “a meaningful ownership stake” in the business, according to the announcement. “AVP has achieved meaningful scale in its geography,” said Jonathan Lewis, partner of Sheridan Capital Partners. “The company has grown significantly due to the team’s focus on clinical excellence and its ability to attract strong provider talent to the platform.”
Friday, May 24, 2019 8:30 AM
PADUA, Italy—Safilo Group S.p.A.
has reached an agreement to sell its U.S. retail chain Solstice
to Fairway LLC.
Wednesday, May 8, 2019 12:30 AM
(Reuters: ESLX.PA) posted a solid first quarter financial performance, despite the battle over governance being fought among its top management which has lowered its stock price and has raised questions about the company’s management structure. Yesterday, EssilorLuxottica reported consolidated revenue for the first quarter ending March 31, 2019 totaling €4,210 million, representing a year-on-year increase of 7.5 percent compared to Q1 2018 pro forma revenue (+3.7 percent at constant exchange rates).
Wednesday, May 8, 2019 12:27 AM
(NYSE:AGN) reported Tuesday that its first quarter net revenues (on a GAAP basis) declined 2 percent to $3.60 billion compared with year-ago results. The company also reported an operating loss of $2.4 billion in the quarter ended March 31, which compared with an operating loss of $654 million in last year’s first quarter. In addition, Allergan raised its full-year 2019 guidance for net revenue to a range of $15.1 billion to $15.4 billion in Tuesday’s announcement, due in part to the expectation of regulatory approvals over the next several months.
Wednesday, May 8, 2019 12:24 AM
OBERKOCHEN, Germany—The Zeiss Group
posted €3.019 billion in revenue for the first six months of the fiscal year 2018/19 ending March 31, 2019, a 9 percent increase over the prior year. Ninety percent of the revenue was generated by markets outside Germany, according to Zeiss. Earnings before interest and tax (EBIT) of €443 million were significantly higher than the €380 million generated the prior year. The EBIT margin rose to 14.7 percent and incoming orders hit EUR €3.161 billion, up from €2.839 billion in the first half of 2017/18, Zeiss said.
Wednesday, May 8, 2019 12:21 AM
LAVAL, Quebec—Bausch Health Companies Inc.
(NYSE/TSX: BHC) reported that its first-quarter revenues totaled $2.016 billion, an increase of about 1 percent (or $21 million) compared with $1.995 billion in the first quarter of 2018. Excluding the unfavorable impact of foreign exchange ($59 million), the impact of 2019 acquisition ($6 million) and the impact of 2018 divestitures and discontinuations ($18 million), revenue grew organically by 5 percent. The growth was driven by organic growth across the Bausch + Lomb/International and Salix segments, the company said in its announcement.
Tuesday, May 7, 2019 12:18 AM
JENA, Germany—In the first half of fiscal year 2018/19 Carl Zeiss Meditec
generated revenue of €667.2 million, representing an increase of 8.7 percent, or 6.8 percent adjusted for currency effects, versus the same period in the prior year. Earnings before interest and taxes (EBIT) increased significantly to €110.4 million, versus €88.2 million a year ago. The EBIT margin also increased, to 16.5 percent compared with 14.4 percent the prior year. “In the first half of 2018/19, we have continued on our growth path, with a strong contribution from new products and a high level of recurring revenue,” commented Dr. Ludwin Monz, president and CEO of Carl Zeiss Meditec AG.
Thursday, April 18, 2019 12:24 AM
PARIS—The Kering Group
( KER.PA) cited the "very robust" performance of its Kering Eyewear business within the French luxury group's first quarter financial report. Kering stated that Kering Eyewear reported a 23 percent comparable increase in consolidated sales to €128.4 million, "underpinned by the excellent performance of Gucci eyewear and the successful launches of the Balenciaga and Montblanc collections." Overall, the Kering Group revenues for the first quarter rose 21.9 percent (17.5 percent on a comparable basis) to €3,785.3 million, on the strength of its apparel, jewelry and related accessories in the Gucci house, Saint Laurent and others such as Balenciaga and Alexander McQueen.
Wednesday, April 10, 2019 12:24 AM
announced Tuesday that it has completed its separation from former parent company Novartis and has debuted as an independent, publicly traded company. Alcon’s shares began trading Tuesday on the SIX Swiss Exchange and New York Stock Exchange (NYSE) under the symbol “ALC.” On its first day, and with more than 10 million shares changing hands, Alcon closed at $58.33. That price is above the $40 to $50 range some analysts had expected, and it would place a value on the company of about $29 billion, according to Barrons.com.
Tuesday, April 2, 2019 12:21 AM
EMERYVILLE, Calif.—NovaBay Pharmaceuticals
(NYSE American: NBY) announced that it is investing $5 million to support the recent strategic shift in its U.S. commercialization strategy aimed at driving sales growth for its Avenova
lid and lash cleaner while maintaining cost effectiveness. The investments include a convertible loan of $2.0 million from Ascendiant Capital Markets and Chicago Venture Partners. Additionally, Triton Funds LP has committed to making an equity investment of up to $3 million, the company said in a statement.
Tuesday, March 19, 2019 12:15 AM
BOULDER, Colo.—Treehouse Eyes
, a startup focused on treating childhood myopia, has closed on a privately led Series Seed financing round. The company, based here, said it will use the funds to expand its geographic footprint in the U.S. and open more myopia treatment centers. Terms of the round were not disclosed. Launched in late 2016, Treehouse Eyes has dedicated myopia management centers in the metro D.C. market with hundreds of myopic children already in treatment.
Wednesday, March 6, 2019 12:24 AM
PLEASANTON, Calif.—The Cooper Companies Inc.
, (NYSE:COO) a leading vision care company, reported Tuesday that companywide revenue for its first quarter, which ended Jan. 31, increased 6 percent year-over-year to $628.1 million. The CooperVision (CVI) segment, which includes the company’s contact lens portfolio, achieved 6 percent growth in revenue, which totaled $470.1 million in the period. The CooperSurgical (CSI) saw its revenue climb 9 percent to $158.0 million, according to the announcement. The company said its diluted earnings per share (on a GAAP basis) totaled $2.07, an increase of 182.6 percent from the year-ago first quarter.