By Staff
Thursday, November 21, 2019 12:27 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.
By Staff
Wednesday, November 13, 2019 12:15 AM
CORAL SPRINGS, Fla.—
ABB Optical Group, a leading national provider of optical products, services and business solutions, has announced that seven non-profit organizations will receive grants ranging from $1,000 to $5,000 for outstanding programming and community impact. The grants are issued under the auspices of the Sixth Annual ABB Cares Program, and all of the grant-winners were nominated by eyecare professionals from across the nation. Since the program’s inception in 2014, ABB Optical Group has donated more than $65,000 in grants to non-profit organizations in the United States, according to the company’s announcement this week.
By Staff
Tuesday, November 12, 2019 12:21 AM
BEDFORD, Mass.—
Ocular Therapeutix Inc. (NASDAQ: OCUL), a biopharmaceutical company focused on developing and commercializing innovative therapies for diseases and conditions of the eye, announced an operational restructuring plan. Upon its completion, the plan is expected to result in an estimated $11 million in annualized savings through personnel reductions and approximately $14 million in one-time program deferrals. The company estimates that it will record costs associated with the restructuring of approximately $0.7 million in the fourth quarter, according to its announcement.
By Staff
Tuesday, October 29, 2019 12:21 AM
EMERYVILLE, Calif.—
NovaBay Pharmaceuticals Inc. (NYSE American: NBY), a biopharmaceutical company focusing on commercializing Avenova, said Monday that it has reached an exclusive 90-day agreement with
NuSight Medical to distribute the NuLids System for treatment of blepharitis and dry eye in six of NovaBay’s top-performing territories. The NuLids System is a hand-held, cordless device that safely and effectively removes accumulated scurf from eyelashes and eyelids, while stimulating meibomian gland production in dry eye and blepharitis patients, according to the announcement.
By Marge Axelrad
Monday, September 16, 2019 12:45 AM
NEW YORK—Eyewear made in the U.S. has been experiencing a resurgence in the past few years, as newer firms and startups as well as older, long-time family companies with deep, historical roots in the sector are committed to furthering their presence in the business. Old and new, each is looking to develop or expand connections to a new generation of customers—and eyecare professionals and optical retailers—who appreciate brand stories and authentic history about how products are made and where they come from.
By Marge Axelrad
Monday, September 16, 2019 12:44 AM
ROCHESTER, N.Y.—The third generation is hard at work at ArtCraft Optical, continuing their grandfather’s legacy, one they see defining the company as synonymous with American-made legendary looks, world-class quality and a craftsmanship embedded in its DNA. Family-owned and continuously operated since 1918, ArtCraft is a global leader in the design and manufacture of dress frames, safety and military optical frames.
By Marge Axelrad
Monday, September 16, 2019 12:43 AM
VERNON HILLS, Ill.—STATE Optical Co. describes itself is a “first-of-its-kind brand of luxury American eyewear proudly being manufactured in Chicago, USA.” After much investment since the company started as they partnered with then California Frieze Frame founders Marc Franchi and Jason Stanley, to relocate, build and create the new endeavor here, Scott Shapiro, STATE’s CEO recalls, “From a manufacturing standpoint, we have learned so much in five years, including the real obstacles of making eyeglasses in the U.S. without the infrastructure that supports such an endeavor. The machinery, servicing it, the raw materials to bring in, the tools, the training of a workforce is just the beginning.”
By Marge Axelrad
Monday, September 16, 2019 12:42 AM
NEW YORK—Modo’s M Factory in Brooklyn is part of the growing “maker” and creative community within the legendary borough in a center known as Industry City. The company cites its origins in New York City in 1990, its new factory initiative was several years in the planning and concept stages before beginning its production. M Factory focuses on classic shapes and constructions.
By Marge Axelrad
Monday, September 16, 2019 12:41 AM
RANDOLPH, Mass.—From start to finish, Randolph USA has been building frames in America, at its facility outside of Boston, since 1973. Today, the company’s consistent investment, its strong relationships with all branches of the U.S. armed forces, and embarking on new innovations in specialties like precision sports and expansion into lifestyle sun and ophthalmics, is transforming the family-run firm. Randolph has added to its in-house manufacturing experts by augmenting its management team with new product development, marketing and sales expertise to reach new customers and a new generation of wearers.
By Marge Axelrad
Monday, September 16, 2019 12:40 AM
MIAMI—The Valmassoi family of Thema are using their history of Italian frame making to bring new capabilities to the company’s U.S. factory in Miami, and, most recently, are applying new digital technology to the company’s work on 3D acetate production. For some time, Thema has been offering customization options for its iGreen and O-Six lines as well as for the new Black Label collections debuting this fall.