Bausch + Lomb Names Gordon to Oversee U.S. Vision Care Business

By Staff
Friday, March 31, 2017 12:30 AM BRIDGEWATER, N.J.— Bausch + Lomb, a unit of Valeant Pharmaceuticals International, Thursday announced several changes to its U.S. management team that it said are "designed to improve operational efficiencies and foster potential synergies to drive growth."

Visioneering Technologies Successfully Lists on ASX

By Staff
Friday, March 31, 2017 12:23 AM ATLANTA—Visioneering Technologies (ASX:VTI), the maker of NaturalVue Multifocal 1 Day contact lenses, announced that it is now listed on the Australian Securities Exchange after raising $33.3 million following the close of its initial public offer.

CooperVision Revises Unilateral Pricing Policy (UPP) On Some Products

By Staff
Wednesday, March 29, 2017 12:33 AM PLEASANTON, Calif.— CooperVision, a unit of The Cooper Cos. (NYSE:COO), is the latest contact lens company to make changes to its Unilateral Pricing Policy (UPP).

Virginia Approves New Telemedicine Regulations for ‘Ophthalmic Prescriptions’

By Staff
Friday, March 10, 2017 12:33 AM RICHMOND, Va.—The state of Virginia in February approved legislation that amends the state code and clarifies and adds to the requirements for ophthalmic prescriptions, including via a telemedicine approach.

Start-up Hubble Gets Funding for Contact Lens Subscription Service

By Staff
Wednesday, March 8, 2017 12:23 AM NEW YORK—Hubble, an e-commerce company that offers a subscription service for its own brand of contact lenses, has raised a new round of $16.5 million in a Series A round of funding, which was supported by several venture capital groups.

The Cooper Companies Revenue Increases in First Quarter 2017

By Staff
Friday, March 3, 2017 12:26 AM PLEASANTON, Calif—The Cooper Companies (NYSE:COO) announced that revenue for the fiscal first quarter ended Jan. 31, 2017 increased 11 percent year-over-year to $499.1 million or 8 percent pro forma.

Johnson & Johnson Vision Is Created With Completion of J&J’s Acquisition of AMO

By Staff
Wednesday, March 1, 2017 12:24 AM NEW BRUNSWICK, N.J.— Johnson & Johnson (NYSE: JNJ) announced an updated organizational and leadership structure this week for what will now be known as Johnson & Johnson Vision (J&J Vision), effective with the completion of the acquisition this week of Abbott Medical Optics (AMO), a wholly-owned subsidiary of Abbott.

20 State AGs Among 4,000 ‘Commenters’ to FTC Over Proposed Changes to Contact Lens Rule

By Staff
Friday, February 24, 2017 12:30 AM WASHINGTON, D.C.—The comment period on the Federal Trade Commission’s proposed changes to the Contact Lens Rule ended Jan. 30 with more than 4,000 “commenters” submitting their views, including a comment in favor of FTC’s proposed changes that was signed by attorneys general of 20 states.

ABB Optical Group Publishes Year-in-Review Industry Insights

By Staff
Wednesday, February 22, 2017 12:24 AM CORAL SPRINGS, Fla.—Calendar year 2016 was notable for “consistent growth” and “strong sales” of contact lenses, particularly daily disposals, according to ABB Optical Group’s year-in-review report on the U.S. optical market.

EyeCare Prime Teams With Optometry Giving Sight to Launch LensFerry S Gives Sight Initiative

By Staff
Wednesday, February 22, 2017 12:18 AM PLEASANTON, Calif.—In support of its ongoing commitment to provide basic eyecare to underserved populations around the world, EyeCare Prime has partnered with Optometry Giving Sight to introduce its own philanthropic initiative, LensFerry S Gives Sight, according to an announcement from EyeCare Prime.

Bausch + Lomb Ends Unilateral Pricing Policy

By Staff
Monday, February 13, 2017 12:27 AM BRIDGEWATER, N.J.—Bausch + Lomb became the latest contact lens company to move away from its Unilateral Pricing Policy (UPP) with the announcement late Friday that a “competitive imbalance” had forced the company to discontinue the program.

Blanchard Contact Lenses Announces Scleral Lens Workshop Tour

By Staff
Friday, February 10, 2017 12:18 AM MANCHESTER, N.H.—Blanchard Contact Lenses—a scleral lens designer—released cities and dates for its upcoming spring Beyond the Limbus Scleral Lens Workshop tour.

FTC Review of Contact Lens Regulations Draws Thousands of Industry Comments

By Staff
Monday, February 6, 2017 12:24 AM WASHINGTON, D.C.—When the Federal Trade Commission (FTC) in November announced its intention to revise and update the Contact Lens Rule, which provides the framework around dispensing of contact lenses, the agency also had to seek public comments on its proposed changes before it could move ahead.

Hoya’s Revenue Drops But Profit Increases in 3Q 2016

By Staff
Wednesday, February 1, 2017 12:26 AM TOKYO—Hoya Corp. (TOKYO:7741) reported a decrease in revenue but an increase in profit for the third quarter ended Dec. 31, 2016.

Johnson & Johnson Reports Gains in Full-Year and Fourth-Quarter Sales, Earnings

By Staff
Wednesday, January 25, 2017 12:23 AM NEW BRUNSWICK, N.J.—Johnson & Johnson (NYSE: JNJ) reported Tuesday that its worldwide sales totaled $71.9 billion in fiscal 2016, an increase of 2.6 percent compared to 2015, and its adjusted earnings per share (EPS) totaled $6.73, an increase of 8.5 percent.
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