European Commission Extends Deadline to Review Proposed Essilor, Luxottica Merger

By Staff
Friday, October 20, 2017 12:30 AM BRUSSELS—The European Commission has pushed back to Feb. 26 the deadline by which it will review the proposed €46 billion ($54 billion) merger of Essilor and Luxottica.

Johnson & Johnson Reports Double-Digit Sales and Adjusted Earnings Increases for Third Quarter

By Staff
Wednesday, October 18, 2017 12:23 AM NEW BRUNSWICK, N.J.—Johnson & Johnson (NYSE: JNJ) reported Tuesday that sales in its third quarter rose 10.3 percent to $19.7 billion, while sales in the U.S. market increased 9.7 percent in the period. On an “operational” basis, J&J’s sales rose 9.5 percent, according to the company’s announcement.

ANFAO Reports ‘Ordinary Growth’ in First Half of 2017

By Staff
Monday, October 9, 2017 12:24 AM MILAN—ANFAO, the Italian Association of Eyewear Manufacturers of Confindustria was cautiously optimistic in its assessment of the optical industry’s performance in the first half of 2017. In its mid-year report, the organization observed that “in general, the economy is continuing to expand and its pace is the strongest since the start of the [financial] crisis; the dynamic of the Euro area is also strong.”

National Vision Holdings Inc. Files Registration for Initial Public Stock Offering

By Staff
Friday, September 29, 2017 4:35 PM DULUTH, Ga.—National Vision Holdings Inc., parent company of National Vision Inc. (NVI), announced today that it is planning an initial public stock offering (IPO).

Luxexcel Receives €4 Million Equity Investment to Accelerate AR/VR Eyewear Program

By Staff
Friday, September 29, 2017 12:23 AM EINDHOVEN, Netherlands—Luxexcel, based here, has received an equity investment of €4 million ($4.7 million) from Innovation Industries, a Netherlands-based venture capital fund. Luxexcel said the investment will enable it to accelerate the next-gen development of its 3D printing platform for prescription lenses for use in augmented reality (AR) and virtual reality (VR) applications.

Allergan Authorizes New $2 Billion Share Buyback and Affirms Commitment to Dividend Increase

By Staff
Wednesday, September 27, 2017 12:23 AM DUBLIN— Allergan plc (NYSE: AGN) has authorized a new $2 billion share repurchase program and affirmed its commitment to increase its cash dividend for shareholders as part of a capital allocation strategy, according to an announcement earlier this week.

Luxottica, Essilor Offer No Merger Concessions to EU Regulators

By Staff
Friday, September 22, 2017 12:24 AM BRUSSELS—Luxottica and Essilor have not offered any concessions to allay EU antitrust authorities’ concerns over their proposed €47 billion ($56 billion) merger, which could increase the likelihood that EU investigators will take a deeper look at the deal, Reuters reported on Wednesday.

Independent CL Distributor Allied Vision Acquired by Private Equity Group

By Staff
Friday, September 8, 2017 12:21 AM FORT LAUDERDALE, Fla.—Hammond, Kennedy, Whitney & Company Inc. (HKW), a private equity firm with offices in Indianapolis and New York, has acquired Allied Vision Group, an independent distributor of contact lenses, optical products and pet medications, according to a joint announcement earlier this week.

Johnson & Johnson Vision Completes Acquisition of Device Manufacturer TearScience

By Staff
Friday, September 8, 2017 12:15 AM SANTA ANA, Calif.—Johnson & Johnson Vision has completed its previously announced acquisition of TearScience Inc., a medical device manufacturer that focuses on evaluating meibomian gland health and treating Meibomian Gland Dysfunction (MGD), the leading cause of dry eye disease.

Applied Thermal Control, a Lab Equipment Maker, Is Acquired

By Staff
Monday, September 4, 2017 12:27 AM WHITWICK, Leicestershire, U.K.—Applied Thermal Control (ATC), a U.K.-based manufacturer of scientific instruments and control technology, has been acquired by Scientific Digital Imaging (SDI) Group.

Cooper Companies Report ‘Solid’ Financial Results and Market-Share Gains in Third Quarter

By Staff
Friday, September 1, 2017 12:23 AM PLEASANTON, Calif.—The Cooper Companies Inc. (NYSE:COO) reported “solid results” for its third quarter that reflect “market-share gains” and improved profitability, president and chief executive officer Robert S. Weiss said in the financial announcement late Thursday.

Hubble Contacts Closes $10 Million In Series A-III Financing, Launches in Canada

By Staff
Wednesday, August 30, 2017 12:23 AM NEW YORK—Hubble the direct-to-consumer contact lens brand which offers a subscription service for its own brand of contact lenses, announced the close of a $10 million Series A-III financing round, and the company’s first step toward international growth, with a launch in Canada.

Zeiss Acquires Veracity Innovations, a Cataract Surgery Platform

By Staff
Wednesday, August 23, 2017 12:30 AM DUBLIN, Calif. and JENA, Germany—Zeiss has acquired Veracity Innovations, a medical software company in Temple, Texas. The purchase price was not disclosed.

Highmark Health Reports ‘Strong’ Financial Results

By Staff
Friday, August 18, 2017 12:23 AM PITTSBURGH, Pa.—Highmark Health, an integrated health care company with holdings in vision care, reported Thursday that its financial performance in the first half of 2017 was its “strongest financial performance for [a] six-month period” since the formation of Highmark in 1996.
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