Highmark Posts Strong First Half 2016 Results

By Staff
Monday, September 26, 2016 12:23 AM PITTSBURGH—Highmark Health announced financial results for the six months ending June 30, 2016, reporting operating revenue of $9.3 billion, up from $8.7 billion in the year-ago period.

The Cooper Companies, Parent Company of CooperVision, Joins Standard & Poor’s 500 Index

By Staff
Monday, September 26, 2016 12:22 AM PLEASANTON, Calif.—CooperVision, Inc. announced that its parent company—The Cooper Companies (NYSE:COO)—was added to the Standard & Poor’s 500 Index after the close of the U.S. markets on Sept. 22.

Hilco Expands European Presence With Two Acquisitions in the Netherlands

By Staff
Friday, September 23, 2016 12:30 AM PLAINVILLE, Mass.—Hilco Vision is expanding its presence in Europe through the acquisition of two Netherlands-based optical companies, Optiplus and Proteye.

AcuFocus Raises $66 Million in Financing Round Led by KKR

By Staff
Monday, September 12, 2016 12:23 AM IRVINE, Calif.—AcuFocus Inc., a privately held ophthalmic medical device company, has raised approximately $66 million in a financing round led by the global investment firm KKR. AcuFocus develops and markets breakthrough small aperture technologies for the improvement of near vision.

The Cooper Companies Announces Third Quarter 2016 Results

By Staff
Friday, September 2, 2016 12:23 AM PLEASANTON, Calif.—The Cooper Companies (COO) reported that revenue increased 11 percent year-over-year, and 6 percent pro forma, to $514.7 million for the fiscal third quarter ended July 31, 2016.

Gobiquity Secures $6M in Series B Funding and Achieves Over 100,000 Children Screened

By Staff
Monday, August 29, 2016 12:23 AM SCOTTSDALE, Ariz.—Gobiquity, a provider of mobile vision screening technology, received a $6M investment round from venture capital firm InterWest Partners in a first close of its Series B financing.

Eponym Secures $7 Million Series A Financing Round

By Staff
Monday, August 29, 2016 12:22 AM NEW YORK—Eponym, the eyewear licensing platform that partners with several designers to create sunwear and optical lines, has completed a $7 million Series A round of financing led by Tenfore Holdings, Tribeca Venture Partners, RiverPark Ventures and WTI, according to an announcement from the company.

Presbia Acquires Comprehensive Patent Portfolio for the Presbia Flexivue Microlens

By Staff
Wednesday, August 24, 2016 12:18 AM DUBLIN, Ireland—Presbia PLC (NASDAQ: LENS) announced that its wholly-owned subsidiary, Presbia Ireland, Ltd. recently completed the purchase of the assets of Switzerland-based Neoptics AG, including its intellectual property portfolio for an aggregate purchase price of $1.5 million.

ReVision Optics Secures $10 Million Credit Facility

By Staff
Monday, August 22, 2016 12:23 AM LAKE FOREST, Calif. & SAN DIEGO—ReVision Optics (RVO) has secured a $10 million credit facility from Square 1 Bank, a division of Pacific Western Bank. RVO announced receipt of U.S. Food and Drug Administration (FDA) approval for its Raindrop Near Vision Inlay for the surgical correction of presbyopia on June 29, 2016. Proceeds from the credit facility will be used for working capital purposes including commercial operations, the company said.

NovaBay Reports Strong Second Quarter Sales

By Staff
Monday, August 15, 2016 12:23 AM EMERYVILLE, Calif.—NovaBay Pharmaceuticals (NYSE MKT: NBY) posted significant increases in net sales for the three and six months ended June 30, 2016, based largely on the strong sales of its Avenova lid cleaner.

Valeant’s CEO Papa Announces New Strategic Direction for Company Following Q2 Revenue Decline

By Staff
Wednesday, August 10, 2016 12:24 AM LAVAL, Quebec—Following a drop in revenues for Q2, Valeant Pharmaceuticals’ chairman and CEO Joseph C. Papa said the company would be restructured into three new segments.

Allergan 2Q Net Revenue Climbs to $3.7 Billion

By Staff
Wednesday, August 10, 2016 12:23 AM DUBLIN, Ireland—Allergan plc (NYSE: AGN) reported total net revenues of $3.7 billion for the second quarter ended June 30, 2016, a 2 percent increase versus the prior year quarter.

Safilo Group Reports Improving Sales of ‘Going-Forward’ Brands in First Half

By Staff
Friday, August 5, 2016 12:23 AM PADOVA, Italy – The board of directors of Safilo Group S.p.A. [SFL.IM] reported the group’s results for the first half of the year.

NovaBay Pharma Completes $11.8 Million Private Placement

By Staff
Wednesday, August 3, 2016 12:23 AM EMERYVILLE, Calif.—NovaBay Pharmaceuticals (NYSE MKT: NBY), a biopharmaceutical company that is commercializing prescription Avenova lid and lash hygiene for the domestic eyecare market, has closed a $4.0 million tranche of a previously announced private placement of common stock and warrants to accredited investors, bringing total proceeds to $11.8 million.

Lenses and Optical Instruments Propel Essilor’s Growth in First Half and Second Quarter 2016

By Staff
Monday, August 1, 2016 12:23 AM CHARENTON-LE-PONT, France—Essilor International (Reuters: ESSI.PA) reported revenue increases for the first-half and second quarter ending June 30, 2016.
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