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.

J&J Vision Execs Provide Details on Sightbox CL Subscription Service

By Staff
Monday, October 16, 2017 12:36 AM CHICAGO—Johnson & Johnson Vision’s recent acquisition of the contact lens subscription service Sightbox is viewed as both a way to expand the overall contact lens category and to bring back some of the “respect” that eye health and eye exams should command in their role at the center of the contact lens experience, executives of the companies said at a briefing here Friday.

Cooper Companies Reports That Puerto Rican Manufacturing Facilities Returning to Near Capacity

By Staff
Wednesday, October 11, 2017 12:18 AM PLEASANTON, Calif.—The Cooper Companies Inc. (NYSE:COO) said Tuesday that, following a comprehensive onsite assessment of its CooperVision manufacturing facility in Juana Diaz, Puerto Rico, it was determined the facility “sustained relatively minor damage” and that operations have been restored to approximately 90 percent of previous levels.

Settlement Proposed in Lawsuit Related to 1-800 Contacts and Keyword Search Advertising

By Staff
Friday, September 29, 2017 12:36 AM SALT LAKE CITY— The plaintiffs in an antitrust lawsuit against 1-800 Contacts and several other online contact lens sellers have requested a federal court here approve a $7 million settlement agreement with two of the defendants.

Research Demonstrates Full Reversal of Myopia in Animal Model

By Staff
Friday, September 29, 2017 12:21 AM ALPHARETTA, Ga.—The lens design used for NaturalVue Multifocal 1 Day Contact Lenses has been shown to fully reverse previously induced myopia in an animal model (chickens), according to research published in the September edition of Ophthalmic and Physiological Optics.

Ampleye Scleral Now FDA Approved for Ocular Surface & Dry Eye Disease Management

By Staff
Monday, September 25, 2017 12:30 AM GRAND RAPIDS, Mich.—Art Optical Contact Lens, a leading independent custom lens manufacturer, has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) on their Ampleye scleral lens for the therapeutic management of ocular surface disease from dry eye.

J&J Vision Announces Acquisition of Sightbox, an Online CL Subscription Service

By Staff
Wednesday, September 20, 2017 12:36 AM JACKSONVILLE, Fla.—Johnson & Johnson Vision has acquired Sightbox Inc., an online, membership-based subscription service for contact lens wearers in the U.S., according to a J&J Vision announcement earlier this week. The terms of the deal were not disclosed.

Clearly Appoints Managing Director and Chief Technology Officer

By Staff
Wednesday, September 20, 2017 12:30 AM VANCOUVER—Online eyewear retailer Clearly has named Arnaud Bussieres as managing director and Alex Buhler as chief technology officer.

Visioneering Technologies Appoints Benoit as Executive Director of Professional Affairs

By Staff
Friday, September 15, 2017 12:18 AM ATLANTA—Visioneering Technologies Inc. (VTI), a global company dedicated to improving vision care, has named Douglas P. Benoit, OD, FAAO, executive director, professional affairs, a new position at the company.

CooperVision Notifies ECPs of Decision to Drop UPP for Biofinity Energys Lenses

By Staff
Monday, September 11, 2017 12:36 AM PLEASANTON, Calif.—CooperVision, a unit of The Cooper Cos. (NYSE:COO), notified ECPs late last week that it was removing its Biofinity Energys contact lens product line from its Unilateral Pricing Policy (UPP) effective immediately.

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.

Novartis Chief Executive Jimenez to Retire in 2018, Narasimhan Named Successor

By Staff
Wednesday, September 6, 2017 12:30 AM BASEL, Switzerland—Novartis AG (NYSE: NVS) chief executive officer Joseph Jimenez, who has led the company since 2010, announced Monday that he plans to step down as CEO in January and retire from the company on Aug. 31, 2018.

Brien Holden Vision Institute and mark’ennovy Agree to Contact Lens Development Partnership

By Staff
Wednesday, September 6, 2017 12:15 AM SYDNEY—The Brien Holden Vision Institute, a non-profit translational research, education and public health organization, and mark’ennovy, a European-based manufacturer of premium monthly replacement contact lenses, have established a strategic alliance that includes a worldwide exclusive licensing agreement for soft contact lenses.

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.
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