Investing in New Initiatives for 2020, Essilor of America Slims Work Force

By ​Staff
Friday, December 6, 2019 10:12 AM
Essilor of America slims work force, Match Eyewear signs licensing agreement, FYidoctors acquires ReNue, The Vision Council unveils a reimagination of Vision Expo, and New Look Vision Group acquires Edward Beiner Company all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Match Eyewear Signs Licensing Agreement With Members Only

By Staff
Friday, December 6, 2019 10:09 AM
 WESTBURY, N.Y.—Match Eyewear has announced the signing of a licensing agreement with JR Apparel World for the development and distribution of the first-ever eyewear collection for the iconic 1980s brand Members Only. The Members Only tagline, "when you put it on... something happens," sparked a major trend in men's fashion in the 1980s, Match Eyewear said. Thirty five years later, the lifestyle brand, most famous for its iconic racer jacket loved by celebrities and the general public alike, is having a resurgence. 

FYidoctors Acquires ReNue as it Expands into Growing Medical Aesthetics Market

By Staff
Friday, December 6, 2019 10:06 AM CALGARY, Alberta—FYidoctors announced Tuesday that it has acquired ReNue, a chain of doctor-led medical aesthetics clinics based here in Calgary.

The Vision Council Unveils a Reimagination of Vision Expo

By Staff
Friday, December 6, 2019 10:03 AM ALEXANDRIA, Va.—Citing the year 2020's optical symbolism for the eyecare industry, The Vision Council is revealing today "the reimagining of its signature event, Vision Expo. "Innovation has always been at the heart of the industry as well as the bi-annual Vision Expo, the definitive trade event for ophthalmic professionals," the organization said, adding, "Now, The Vision Council, together with co-owner of the Show, Reed Exhibitions, aims to mark a new era for Vision Expo with a laser-like focus on discovery, connection and experience." Noted Ashley Mills, The Vision Council CEO, "Incremental improvement isn't enough. We have worked with our partners to completely reimagine the show, with a new focus on discovery, connection and experience."

New Look Vision Group Acquires Edward Beiner Company in Florida

By Staff
Friday, December 6, 2019 10:00 AM MONTREAL, Quebec—Marking its entry into the U.S., New Look Vision Group Inc. (TSX: BCI) Canada’s largest optical company, announced earlier this morning that it has entered into a definitive agreement to acquire substantially all of the assets of Miami-based Coco Lunette Holding, LLC which carries on business principally under the Edward Beiner banner. Known for its unique and original designer eyewear, over the years under the direction of Edward Beiner and Guido Balocco, the Edward Beiner Company has built a strong presence in key premium markets across 12 locations in Florida, including Miami, Aventura, Boca Raton, Coconut Grove, Coral Gables, Naples, Orlando and Palm Beach. Its current annualized revenues are $15.5 million Cdn and it will continue to operate as a stand-alone unit within the New Look Vision Group, the announcement said. Terms of the transaction were not disclosed. 

Essilor and Vision Impact Institute Support #Glasses4Women

By Staff
Wednesday, November 27, 2019 10:12 AM Essilor and VII Support #glasses4women, UnitedHealthcare to Open Member Medicare Services Centers in Select Walgreens, Glaukos Wraps Avedro Acquisition, National Optometry Hall of Fame Accepts 2020 Nominations, CooperVision Honored for Rebate Program Benefitting Optometry Giving Sight all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

UnitedHealthcare to Open Member Medicare Services Centers in Select Walgreens Stores

By Staff
Wednesday, November 27, 2019 10:09 AM
MINNETONKA, Minn. & DEERFIELD, Ill.—UnitedHealthcare, the health benefits business of UnitedHealth Group (NYSE: UNH), and Walgreens will open 14 UnitedHealthcare Medicare services centers within Walgreens stores in five metropolitan areas as part of a multi-year agreement, the companies announced yesterday. “We are expanding access to UnitedHealthcare Medicare resources to better serve our members, providing them with all the valuable benefits they have come to expect from their UnitedHealthcare Medicare Advantage plans plus delivering the customer service and information they desire locally within Walgreens,” said Mike Anderson, CEO of the Medicare Part D business at UnitedHealthcare.

Glaukos Completes Acquisition of Avedro

By Staff
Wednesday, November 27, 2019 10:06 AM
SAN CLEMENTE, Calif.—Glaukos Corp. (NYSE: GKOS), an ophthalmic medical technology and pharmaceutical company focused on novel therapies for the treatment of glaucoma, corneal disorders and retinal diseases, has completed its previously announced acquisition of Avedro, Inc. (Nasdaq: AVDR). News of the deal was first reported by VMAILin August 2019. “Today marks an important day for Glaukos as Avedro will serve as the cornerstone of our new corneal health franchise,” said Thomas Burns, Glaukos president and chief executive officer.

National Optometry Hall of Fame Accepting 2020 Nominations

By Staff
Wednesday, November 27, 2019 10:03 AM ST. LOUIS—Doctors of optometry may now be nominated for the 2020 National Optometry Hall of Fame, a tremendous honor for doctors who have made a major and enduring impact on the profession, according to an announcement by the American Optometric Association (AOA). Inductees will be honored at AOA’s Optometry’s Meeting in June 2020 in National Harbor, Md. The National Optometry Hall of Fame is administered by the American Optometric Association’s (AOA) charitable foundation, Optometry Cares, which works year-round to expand eye health and vision care access to all American citizens and communities, the announcement noted.

CooperVision Honored for Rebate Program Benefitting OGS

By Staff
Wednesday, November 27, 2019 10:00 AM SAN RAMON, Calif.—CooperVision’s contact lens rebate donation program, which benefits Optometry Giving Sight (OGS), has earned the company a Global Impact Award from 360insights, its rebate and incentive management partner. The award was presented to CooperVision at 360insights’ annual conference in Toronto in acknowledgement of the impact of the program, which has raised to date in 2019 the equivalent of more than 34,000 eye exams and pair of glasses for adults and children in underserved communities around the world. The generosity of CooperVision’s contact lens wearers continues to grow, as donations have increased more than 30 percent compared to 2018. Over the past eight years, the program has resulted in more than $800,000 donated to Optometry Giving Sight, CooperVision said in a statement.

Employees to Take Ownership of Automation & Robotics

By Staff
Friday, November 22, 2019 10:12 AM Employees take ownership of A&R, Alcon reports 3Q sales, Aerie Pharmaceuticals makes acquisition, Warby Parker enters contact lens market and CooperVision to intro "breakthrough" contact lens for myopia all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Alcon Reports 3Q Sales Increase and Announces ‘Transformation Program’

By Staff
Friday, November 22, 2019 10:09 AM GENEVA—Alcon (SIX/NYSE:ALC) reported third-quarter financial results showing a 6 percent sales increase (at constant currency) for the period ended Sept. 30 and also announced a plan for “a multi-year transformation program” designed to reorganize and reinvest savings into “strategic growth initiatives supporting long-term financial goals.” The company also noted its successful recent U.S. launches of PanOptix and Precision1 contact lenses. For the third quarter, worldwide sales rose 4 percent on a reported basis to $1.8 billion.

Aerie Pharmaceuticals to Acquire Avizorex Pharma to Advance Its Dry Eye Program

By Staff
Friday, November 22, 2019 10:06 AM DURHAM, N.C.—Aerie Pharmaceuticals (NASDAQ:AERI) announced the signing of an agreement to acquire Avizorex Pharma (AVX), a Spanish ophthalmic pharmaceutical company developing therapeutics for the treatment of dry eye disease. “This acquisition bolsters our pipeline with a clinical-stage dry eye product candidate, and we are excited to expand our footprint in ophthalmology. This product has a novel mechanism-of-action for treating dry eye and we believe that, if approved, it could nicely complement the currently approved drugs for this indication. Since the majority of our efforts in 2020 will be focused on supportive non-clinical studies, we do not currently expect to meaningfully increase our R&D expenditures next year,” said Vicente Anido, Jr., PhD, chairman and chief executive officer at Aerie.

Warby Parker Enters Contact Lens Category With New Scout Lens

By Staff
Friday, November 22, 2019 10:03 AM NEW YORK—Today, Warby Parker moves into new optical territory as it enters the contact lens arena in the U.S., with the debut of a branded daily wear contact lens called Scout. The new daily lens was developed by the company, executives said, with a Japanese contact lens manufacturer. The lens is described as "made from a super-moist, breathable material that resists drying for lasting hydration. The lenses incorporate Centraform technology for wearing comfort." The lenses will be priced $55 per eye for a 90-day pack, $110 for a 90-day supply of two lenses, or approximately $440 a year. Each Scout lens comes in an innovative, space-saving flat pack that’s easier to transport and store than a traditional contact blister pack, the company noted, adding that it uses almost 80 percent less packaging than traditional contact packs. Dave Gilboa, co-ceo of Warby Parker, told VMAIL, "We have been thinking about contact lenses for several years. Being a direct-to-consumer brand, we get a lot of feedback from our end customers, and roughly 40 percent of them wear contact lenses. We're hopeful that they will love the opportunity to get their contact lenses prescriptions from us, when they see our ODs. In addition, he said, " If you are a customer not near one of the WP stores, or want to go to a doc you've been seeing, that doctor, outside of the WP system, can request one of the six-day trial kits as well." Warby has been piloting contact lenses in some of its offices during the past year, he noted (the company currently operates 112 locations and has 80 optometrists.)

CooperVision's 1 Day Lens for Childhood Myopia Set for March 2020 Launch

By Staff
Friday, November 22, 2019 10:00 AM
SAN RAMON, Calif.—CooperVision announced today that its innovative MiSight 1 day contact lens will launch in the U.S. early next year as part of a CooperVision myopia management initiative. The initiative is scheduled to begin in March. The MiSight lens received Food and Drug Administration (FDA) approval on Friday (Nov. 15), as VMAIL reported, and will be the cornerstone of a comprehensive myopia management approach to be offered by CooperVision, according to the company’s announcement.