Bausch Health Adds Two Icahn-Designated Directors to its Board, as Company Outperforms 2020 Revenue Guidance

By Staff
Thursday, February 25, 2021 12:27 AM LAVAL, Quebec—Bausch Health Companies Inc. (NYSE/TSX: BHC) will expand its board of directors with the addition of two designees from the Carl Icahn Group as part of an agreement with the investor's group, which said earlier this month that it has increased its ownership stake in the health care company to almost 8 percent. In a separate announcement Wednesday, Bausch reported that “despite unprecedented business challenges resulting from the COVID-19 pandemic … Bausch Health finished the year strong and outperformed the high end of [its] latest revenue guidance range.”

Alcon Reports Fourth-Quarter Sales Gain and Notes That New Product Launches Drove Market-Share Gains in 2020

By Staff
Wednesday, February 24, 2021 12:24 AM GENEVA, Switzerland—Alcon (SIX/NYSE:ALC), a global leader in eyecare, reported Tuesday that its worldwide sales for the fourth quarter rose 2 percent on a reported basis to $1.9 billion. The increase was 1 percent on a constant currency basis.

Bausch Health’s Board Responds After Icahn Capital Reports Holding an 8 Percent Stake in the Health Company

By Staff
Tuesday, February 16, 2021 12:24 AM LAVAL, Quebec—Bausch Health Companies issued a statement Friday in response to the news that activist investor Carl Icahn had accumulated a sizable stake in the health care company, as Icahn Capital noted in a Securities and Exchange Commission filing late last week.

ABB Optical Group Announces Winners of Optometry Student Challenge

By Staff
Friday, January 22, 2021 12:18 AM CORAL SPRINGS, Fla.—Three optometry students who presented scientific posters will be recognized during the 2021 Global Specialty Lens Symposium virtual conference as winners of the 6th Annual Optometry Student Challenge, a program designed by ABB Optical Group, in collaboration with Paragon Vision Sciences, to foster the study of contact lenses.

AOA Takes Issue With NAOO's Position on Legislation Related to Contact Lens Rule

By Staff
Thursday, January 21, 2021 12:33 AM NEW YORK—The American Optometric Association (AOA) has squared off against another eyecare industry organization—the National Association of Optometrists and Opticians (NAOO)—in a dispute in which the AOA calls into question whether the NAOO “can claim to be a representative organization of doctors.” The AOA’s complaint stems from the divergent views each group apparently took on an AOA-supported Contact Lens Rule Modernization Act.

CooperVision Specialty EyeCare Plans Upgrades and Expansion at Manufacturing Facilities in Arizona and Quebec

By Staff
Thursday, January 21, 2021 12:21 AM SAN RAMON, Calif.—CooperVision Specialty EyeCare said this week that it plans to make investments in its Gilbert, Ariz., and Sherbrooke, Quebec, manufacturing facilities. The moves are in response to the growing adoption of the company’s specialty contact lenses by eyecare professionals, the announcement noted. The Gilbert site—in suburban Phoenix—currently produces Paragon CRT contact lenses and materials. The group’s ambitious expansion plans will grow the facility to more than 45,000 square feet by 2025, with a refurbished shipping and warehouse center, and a substantially larger specialty lens manufacturing floor.

CooperVision Partners With EcoExploratorio to Create Scientific Room of Interactive Marine Life in Puerto Rico

By Staff
Monday, January 4, 2021 12:15 AM JUANA DIAZ, Puerto Rico—As part of its educational mission in STEM disciplines, EcoExploratorio Inc. has established a collaborative partnership with CooperVision to create the Scientific Room of Marine Life at the Puerto Rico Science Museum.

Congressional Directive Will Delay Implementation of the FTC Contact Lens Rule

By Staff
Wednesday, December 30, 2020 12:21 AM WASHINGTON—The Health Care Alliance for Patient Safety (APS) said late Monday that Congress has taken action “to delay the implementation, effective date and enforcement of the Federal Trade Commission’s (FTC) updated Contact Lens Rule until March 31, 2021.”

Safilens Turns 20 and Continues Growing as R&D and Innovation Position Italian Firm Among Leading Contact Lens Companies

By Staff
Wednesday, December 30, 2020 12:18 AM STARANZANO, Italy—Safilens,  a contact lens company based here, noted in a recent announcement that it is celebrating its 20th anniversary.

CooperVision Sites on Six Continents Contribute to Optometry Giving Sight’s 2020 World Sight Day Challenge

By Staff
Monday, December 28, 2020 12:18 AM SAN RAMON, CALIF.—Despite facing countless obstacles brought about by the COVID-19 pandemic, CooperVision employees rallied to raise funds for Optometry Giving Sight’s World Sight Day Challenge.

Largest-Ever Study on Children’s Soft Contact Lens Wear Safety Shows Very Low Complication Rates

By Staff
Tuesday, December 22, 2020 12:15 AM SAN RAMON, Calif.—The largest-ever retrospective study of its kind has found very low complication rates in children who wear soft contact lenses, similar to rates in adults. The newly published outcomes offer eyecare professionals valuable real-world information to better counsel parents and caregivers as they consider proven myopia management options to help slow myopia progression, according to a recent announcement.

New Contact Lens Update Provides Global View of ECPs’ Response During Pandemic

By Staff
Monday, December 21, 2020 12:10 AM WATERLOO, Ontario—The Centre for Ocular Research & Education (CORE) has published issue number 57 of its free online education magazine, Contact Lens Update.

A. Thomas Bender and Allan E. Rubenstein, MD, to Retire from CooperCompanies’ Board

By Staff
Monday, December 14, 2020 12:24 AM SAN RAMON, Calif.—CooperCompanies (NYSE:COO) announced that A. Thomas Bender and Allan E. Rubenstein, MD, have decided to retire and will not stand for re-election at the annual meeting of stockholders in March 2021.

CooperCompanies Reports ‘Solid’ Q4 Results and Notes Market-Share Gains in Contact Lens Segment

By Staff
Friday, December 4, 2020 12:24 AM SAN RAMON, Calif.—CooperCompanies (NYSE: COO) on Thursday reported that its fourth-quarter revenue fell 1 percent year-over-year to $681.6 million. In its business units, CooperVision (CVI) revenue dipped 1 percent to $506.3 million, and CooperSurgical (CSI) revenue fell 4 percent to $175.3 million. For the fiscal year, which ended Oct. 31, 2020, revenue totaled $2.430 billion, a decrease of 8 percent from fiscal 2019 (also down 8 percent at constant currency). CVI revenue totaled $1.843 billion, down 7 percent from fiscal 2019 (down 6 percent at constant currency).

2020 Popular Science ‘Best of What’s New Awards’ Recognize CooperVision’s MiSight Contact Lens

By Staff
Friday, December 4, 2020 12:15 AM SAN RAMON, Calif.—CooperVision’s innovative MiSight 1 day contact lens has been awarded a 2020 Popular Science “Best of What’s New Award” in the health category.