Luxottica Group Acquires Remaining Shares of Italy’s Salmoiraghi & Vigano Chain

By Staff
Wednesday, November 30, 2016 12:23 AM MILAN—According to the terms of an agreement signed in 2012 with Fenix Srl (formerly known as Salmoiraghi & Vigano Holding), Luxottica Group S.p.A (NYSE:LUX) said on Friday that it has exercised its option to acquire the remaining 63.2 percent of the shares in the Italian optical retailer.

Online Contact Lens Startup Sightbox Raises $1.8 Million

By Staff
Wednesday, November 30, 2016 12:18 AM PORTLAND, Ore.—The startup company Sightbox, which offers a membership-based supply service for contact lens wearers, has raised $1.8 million in a seed-round of funding.

Essilor Expands in China, Updates Revenue Projections

By Staff
Wednesday, November 23, 2016 12:30 AM CHARENTON-LE-PONT, France—Essilor announced that it formed a new partnership by taking a 50 percent stake in Photosynthesis Group, a Hong Kong-based company that markets sunglasses and corrective lenses under a range of banners including MJS.

Nanofilm’s Clarity Optical Treatments Boost PEN’s 3Q 2016 Product Sales

By Staff
Wednesday, November 23, 2016 12:23 AM MIAMI—PEN Inc. (OTCQB: PENC), parent company of Nanofilm, reported total revenues were $2.01 million for its third quarter ended Sept. 30, 2016, flat compared with the year-ago period. Gross profit amounted to $631,083, up from $516,449 for the third quarter of 2015.

Start-up Simple Contacts Raises $2 Million in Seed-Funding Round

By Staff
Wednesday, November 23, 2016 12:21 AM NEW YORK—The start-up company Simple Contacts, which offers an app-based eye test and refill service for contact lens wearers, has raised $2 million in seed funding that it will use to fund further development, an executive of the company confirmed to VMail this week.

Hilco Vision Acquires Jonathan Paul Eyewear

By Staff
Friday, November 18, 2016 12:21 AM PLAINVILLE, Mass.—Hilco Vision announced that it has acquired Jonathan Paul Eyewear, a pioneer of fitover sunwear and creator of the Jonathan Paul Fitover brand.

Strong Sales of Avenova Boost NovaBay’s Third Quarter Results

By Staff
Monday, November 14, 2016 12:23 AM EMERYVILLE, Calif.—NovaBay Pharmaceuticals (NYSE MKT: NBY) reported that sales nearly tripled to a record $3.4 million for the third quarter ending September 30, 2016.

Safilo Group Reports Q3, 9Mo Sales

By Staff
Friday, November 11, 2016 12:29 AM PADOVA, Italy—Safilo Group (SFLG.MI) issued its financial results for the third quarter and first nine months of fiscal 2016 and reported sales increases for its “going forward brands portfolio” and increased EBIDTA for the Group.

Valeant’s Revenue Drops 11 Percent in Third Quarter 2016

By Staff
Friday, November 11, 2016 12:26 AM LAVAL, Quebec—Valeant Pharmaceuticals International (NYSE: VRX) reported that its total revenues in the third quarter ended September 30, 2016 were $2.48 billion versus $2.79 billion in the third quarter of 2015, a decrease of 11 percent.

ReVision Optics Raises $32 Million to Fund Expansion of U.S. Launch of Raindrop Near Vision Inlay

By Staff
Friday, November 11, 2016 12:23 AM LAKE FOREST, Calif.—ReVision Optics, developer of the Raindrop implantable presbyopia-correcting corneal inlay technology, announced that it has raised $32 million in an equity financing.

Investors Management Corporation Acquires IDOC From The Riverside Company

By Staff
Thursday, November 10, 2016 5:55 PM NORWALK, Conn.—Independent Doctors of Optometric Care (IDOC), the largest privately-held alliance of independent optometrists in the U.S., announced that Investors Management Corporation (IMC), a Raleigh, N.C. private investment firm, has acquired IDOC from The Riverside Company, which has owned it since 2012. Terms of the transaction were not disclosed.

Ophthotech Reports Losses for Third Quarter and Year-to-Date

By Staff
Wednesday, November 9, 2016 12:23 AM NEW YORK—Ophthotech Corp. (Nasdaq: OPHT) reported a net loss for the quarter ended September 30, 2016 of $60.9 million compared to a net loss of $39.6 million for the same period in 2015.

STAAR Surgical’s 3Q Net Sales Up 7 Percent

By Staff
Monday, November 7, 2016 12:23 AM MONROVIA, Calif.—STAAR Surgical Company (NASDAQ: STAA), reported net sales of $20.1 million for the third quarter ended Sept. 30, 2016, up 7 percent compared to $18.8 million reported in the prior year quarter.

Allergan Reports Q3 2016 Continuing Operations Performance with GAAP Net Revenues of $3.6 Billion

By Staff
Friday, November 4, 2016 12:23 AM DUBLIN—Allergan plc (NYSE: AGN) reported total net revenue of $3.6 billion for the third quarter ending Sept. 30, 2016, a 4 percent increase versus the prior year quarter.

Second Sight Posts Losses for 3Q and Year to Date

By Staff
Friday, November 4, 2016 12:22 AM SYLMAR, Calif—Second Sight Medical Products (NASDAQ:EYES), maker of the Argus II Retinal Prosthesis Systems, reported losses for the three- and nine-month periods ended Sept. 30, 2016.
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