The Vision Council Notes That U.S.-China Trade Agreement Will Result in Tariff Reductions on Certain Optical Products

By Staff
Friday, January 17, 2020 12:27 AM ALEXANDRIA, Va.—The Vision Council announced Thursday that the U.S. and China have signed a phase one trade deal that requires structural reforms to China’s economic and trade regimes. The agreement also will lead to a modification of a portion of the existing Section 301 China tariffs. This modification is “a point of interest” to association members who import Chinese-origin product, The Vision Council noted. The overall reforms will be seen in the areas of intellectual property, forced technology transfers, financial services, agriculture, and currency and financial exchanges. In addition, China has agreed to purchase substantial quantities of U.S. origin goods and services in the coming years.

Allergan Teams Up With Von Miller to Raise Awareness of Glaucoma's Impact on Daily Living

By Staff
Friday, January 17, 2020 12:18 AM DUBLIN—Allergan plc (NYSE: AGN), a global pharmaceutical company with more than 70 years of heritage in eyecare, announced a partnership with Von Miller, a former Super Bowl MVP, Denver Broncos linebacker and advocate for healthy vision, to shine a light on the millions of people living with glaucoma. As an ambassador for the “My Glaucoma” campaign, Miller will address the misunderstandings and impact of glaucoma and encourage those with the disease, and their caregivers, to take early action, according to the announcement this week. This includes going to the doctor regularly and taking medications as prescribed. 

CooperVision Announces ‘Brilliant Futures Myopia Management Program' in Advance of U.S. Launch of MiSight 1 Day Contact Lenses

By Staff
Thursday, January 16, 2020 12:21 AM SAN RAMON, Calif.—CooperVision, which is preparing for the March 2020 U.S. launch of MiSight 1 day contact lenses, has kicked off the new year by announcing this week the details of its comprehensive myopia management approach. An initial group of eyecare professionals (ECPs) gathered in Miami on Jan. 7-8 to learn about the “Brilliant Futures Myopia Management Program” and to prepare to prescribe the MiSight 1 day lens to patients. CooperVision’s MiSight 1 day lens is the first and only product approved by the Food and Drug Administration for slowing the progression of myopia when initially prescribed for children 8-12 years old, as VMAIL reported.

Exonate Will Collaborate With Janssen to Develop a New Eye Drop for Treating Retinal Vascular Diseases, Including AMD

By Staff
Tuesday, January 14, 2020 12:15 AM CAMBRIDGE, England—Exonate, an early stage biotechnology company based here, said Monday that it has entered into a strategic collaboration agreement with Janssen Pharmaceuticals Inc., a unit of Johnson & Johnson, that will work toward developing an eye drop treatment for retinal vascular diseases, such as Age-Related Macular Degeneration (AMD) and Diabetic Macular Oedema (DMO). The effort will focus on using mRNA targeted therapies. The agreement was facilitated by Johnson & Johnson Innovation. Exonate has developed small molecules that inhibit the production of pro-angiogenic vascular endothelial growth factor (VEGF) through the selective inhibition of serine/threonine-protein kinase (SRPK1)-mediated VEGF splicing, according to the announcement.

Essilor to Launch Major Programs and Products in 2020, ‘The Year of Vision’

By Staff
Wednesday, January 8, 2020 12:24 AM ORLANDO, Fla.—Essilor of America is kicking off 2020, “The Year of Vision,” by launching an array of new programs and products designed to strengthen the company’s relationships with independent eyecare professionals by expanding its premium spectacle lens lines and introducing digital technologies that enhance the patient experience.

IrisVision and Samsung Announce Partnership to Bring Vision Technologies to 200 Million Low Vision Patients Globally

By Staff
Wednesday, January 8, 2020 12:15 AM PLEASANTON, Calif.—Samsung Electronics Co. and IrisVision, a leader in digital vision technologies and maker of the world's first smart, wearable vision-assistive device, announced a strategic partnership to roll out IrisVision's groundbreaking technology worldwide. IrisVision's vision correction software platform utilizes the power of Samsung's industry leading Galaxy smartphones and XR devices and mobile AI platform to enable people with impaired vision to see clearly and live more independent lives, according to the announcement on Tuesday.

National Vision’s America's Best Retail Brand Expands Prive Revaux Partnership to All Locations

By Staff
Tuesday, January 7, 2020 12:24 AM NEW YORK and DULUTH, Ga.—Prive Revaux, a celebrity-supported eyewear brand that debuted two years ago, will continue its retail expansion and exclusive optical partnership with America's Best Contacts & Eyeglasses.

EssilorLuxottica Reports Fraudulent Financial Activities at an Essilor Plant in Thailand

By Staff
Thursday, January 2, 2020 12:24 AM
CHARENTON-LE-PONT, France—EssilorLuxottica reported on Monday that its subsidiary Essilor International recently discovered fraudulent financial activities in one of its plants in Thailand. Essilor International filed complaints in Thailand and in other jurisdictions and mobilized all available internal and external resources to put an immediate end to these fraudulent activities and implement remedial actions, according to the announcement. The company also noted that it is carrying out “comprehensive investigations and is taking all possible actions to seek to recover the misappropriated funds in order to mitigate the impact on the Group.”

Glaucoma, ‘The Sneak Thief of Sight,’ Continues to Affect Vision of Millions of Americans

By Staff
Friday, December 27, 2019 12:21 AM CHICAGO—According to estimates from the Prevent Blindness report, “Future of Vision: Forecasting the Prevalence and Costs of Vision Problems,” more than 3.2 million Americans ages 40 and over have glaucoma in the year 2020. The number is expected to increase as the population ages. Glaucoma, often referred to as the "The Sneak Thief of Sight," is a leading cause of vision loss that damages the optic nerve. Although symptoms may not be noticeable at first, glaucoma slowly diminishes peripheral vision (side vision), making activities such as driving increasingly, according to a Prevent Blindness announcement this week.

Bausch Health Licenses Novaliq’s Investigational Treatment for Dry Eye Disease

By Staff
Thursday, December 26, 2019 12:24 AM LAVAL, Quebec, and HEIDELBERG, Germany—Bausch Health Companies Inc.  (NYSE/TSX: BHC) and Bausch + Lomb, its leading global eye health business, and Novaliq GmbH, a pharmaceutical company focused on ocular therapeutics, announced late last week a licensing agreement for an investigational dry eye treatment. Bausch Health has acquired an exclusive license for the sale and development in the U.S. and Canada of the investigational treatment NOV03 (perfluorohexyloctane), a first-in-class investigational drug with a novel mechanism of action to treat dry eye disease (DED) associated with Meibomian gland dysfunction (MGD), according to the joint announcement.

Tura, Inc. Joins VSP Global Premier Program as a Partner

By Staff
Monday, December 23, 2019 12:15 AM RANCHO CORDOVA, Calif.—The VSP Global Premier Program has announced a partnership with Tura, Inc.

ABB Optical Group’s Tom Burke Named a ‘Power Leader’ in South Florida Health Care

By Staff
Friday, December 20, 2019 12:18 AM CORAL SPRINGS, Fla.—ABB Optical Group chief executive officer Tom Burke has been named one of the South Florida Business Journal’s 2019 Power Leaders in Health Care. The annual list honors 50 South Florida-based health care industry leaders who drive innovation and award-winning patient care, according to an ABB Optical announcement. A health care logistics leader with nearly 40 years of experience, Burke has guided world-class organizations through extraordinary growth trajectories, the announcement noted. During his time at ABB Optical Group, he has helped expand the company’s operations and solidified its role as a leading national provider of optical products and business solutions for the eyecare industry, the announcement noted. Most recently, he has led the rebranding of ABB Optical Group, refreshing the company’s brand identity and reinforcing its commitment to eyecare professionals.

Bausch Health Resolves ‘Stock Drop’ Litigation Initially Filed in 2015

By Staff
Wednesday, December 18, 2019 12:24 AM LAVAL, Quebec—Bausch Health Companies Inc. (NYSE/TSX: BHC) said this week that the parties in a securities class action filed in U.S. District Court for the District of New Jersey have agreed to resolve the action for $1.21 billion, subject to court approval. Once approved by the court, the settlement of this action, which has been referred to as the “Valeant stock drop” case, will resolve and discharge all claims against the company, according to an announcement. “Resolving this action enables Bausch Health to close the door on one of the more meaningful and unpredictable liabilities associated with the legacy Valeant era,” Bausch Health chairman and CEO Joseph C. Papa said in the announcement.

Marcolin Group and GCDS Announced Exclusive Global Partnership

By Staff
Wednesday, December 18, 2019 12:21 AM LONGARONE, Italy—Marcolin Group and GCDS, a clothing and accessory brand founded by brothers Giordano and Giuliano Calza, have announced an exclusive global partnership for the design, production and distribution of sunglasses and eyeglasses under the Calza brothers’ GCDS brand. The partnership will last for a five-year period from 2020-2024. Marcolin Group manufactured their first eyewear collection for GCDS in 2019, and the collection was then shown at GCDS’s September 21, 2019 fashion show.

CooperVision Receives Puerto Rico Environmental Award for Fifth Consecutive Year

By Staff
Wednesday, December 18, 2019 12:18 AM SAN RAMON, Calif.—The Puerto Rico Aqueduct and Sewer Authority (PRASA) has honored CooperVision for the fifth consecutive year with its Pre-Treatment Excellence Compliance Award, according to an announcement this week. The award was given to the company’s Juana Diaz contact lens production and packaging facility. The recognition is based on adherence to operating permit conditions, made possible by ongoing investment in the site’s sustainable infrastructure and employee training, according to the announcement.