Senate Subcommittee Explores Contact Lens Pricing and Unilateral Price Policies

By Staff
Friday, August 01, 2014 12:30 AM WASHINGTON, D.C. – The issue of contact lens pricing, particularly whether new Unilateral Price Policies (UPP) being implemented this year by several major contact lens companies, was the topic explored by a hearing of the U.S. Senate’s Judiciary Antitrust Subcommittee on Wednesday of this week.

U.S. Senate Judiciary Subcommittee Holding Antitrust Hearing Today on Pricing and Competition in CL Industry

By Staff
Wednesday, July 30, 2014 1:15 PM WASHINGTON, D.C. – The U.S. Senate’s Judiciary Antitrust Subcommittee is holding a hearing this afternoon here on pricing and competition in the contact lens industry. The title of the hearing session, posted on the U.S. Senate’s Judiciary Committee’s website, is “Pricing Policies and Competition in the Contact Lens Industry: Is What You See What You Get?”

1-800 CONTACTS Breaks Ground on New Corporate HQ

By Staff
Friday, July 18, 2014 12:27 AM DRAPER, Utah—At a groundbreaking ceremony this week, 1-800 CONTACTS, Inc. announced it will be constructing a new corporate headquarters facility here.

Alcon to License Google Technology for Smart Contact Lenses and IOLs

By Staff
Tuesday, July 15, 2014 7:35 AM BASEL, Switzerland— Alcon, the eyecare division of Novartis, has entered into an agreement with a division of Google Inc.  to license its "smart lens" technology for all ocular medical uses.

Johnson & Johnson Vision Care Introduces Unilateral Pricing Policy on ‘Strategic Brand’ CLs, Discontinues Some Acuvue Brands

By Staff
Wednesday, July 02, 2014 12:27 AM JACKSONVILLE, Fla—Last week, in a letter addressed to eyecare professionals dated June 24, 2014, Laura Angelini, president, Johnson & Johnson Vision Care – North America, announced the company’s launch of its “Enterprise Strategy” and “roadmap for the future,” part of which includes resetting the price of specific contact lens products in the U.S. according to a new “unilateral pricing policy.”

Cooper to Buy Sauflon for $1.2B

By Staff
Tuesday, July 01, 2014 7:31 AM PLEASANTON, Calif.—The Cooper Companies, Inc. (NYSE: COO) has entered into definitive agreements to acquire Sauflon Pharmaceuticals Ltd., a European manufacturer and distributor of soft contact lenses and solutions, for $1.2 billion.

Alcon Introduces Monthly Replacement Color Si Hy CLs

By John Sailer
Monday, June 16, 2014 12:00 AM FORT WORTH, Texas—Alcon has launched the first monthly replacement color contact lenses available in the U.S. using silicone hydrogel technology.

The Unique Point of View of One OD Focused on Contact Lenses

By Marge Axelrad
Tuesday, May 13, 2014 12:00 AM NEW YORK—Contact lenses continue to be one of the market’s more dynamic vision correction categories, with a range of new materials, designs and modalities that are propelling more premium product solutions for patients.

AOA, FDA and Hollywood Campaign Warns of Risk from Decorative Contact Lenses

By Staff
Monday, May 05, 2014 12:21 AM LOS ANGELES, Calif.—The U.S. Food & Drug Administration (FDA), American Optometric Association (AOA) and the Entertainment Industries Council (EIC) have teamed with entertainment industry-leading artists from the TV series American Horror Story on a first-of-its-kind Decorative Contact Lens Campaign to bring the dramatic realities of illegal and unsafe lens use to the forefront.

Essilor Completes Coastal.com Acquisition

By Staff
Monday, April 28, 2014 1:06 PM CHARENTON-LE-PONT, France— Essilor International (Reuters: ESSI.PA) announced that it has completed the acquisition of all outstanding common stock of Coastal.com, a leading online vision care retailer.

Multifocal CL Options Appeal to Long-Term Wearers

By Marge Axelrad
Monday, March 17, 2014 12:00 AM NEW YORK—Recognizing the value of contact lenses within the total vision correct offerings of a practice, and factoring in the aging of long-time contact lens wearers, has supported high growth in the multifocal market.

Cooper Companies’ 2014 First Quarter Results Indicate Market Share Gain for CooperVision

By Staff
Monday, March 10, 2014 12:23 AM PLEASONTON, Calif.—The Cooper Companies, Inc. (NYSE:COO) announced financial results for the 2014 fiscal first quarter ended Jan. 31, 2014. Overall first quarter revenue increased 7 percent year-over-year to $405 million.

Unilens Vision Reports Royalty Income Increased in Q2 2013

By Staff
Monday, February 17, 2014 12:23 AM LARGO, Fla.— Unilens Vision Inc. (OTCQB: UVIC), which develops, licenses, manufactures, distributes and markets specialty contact lenses, reported its operating results for the second quarter and first half of FY 2014.

The Vision Care Institute Schedules Live Contact Lens Seminars for 2014

By Staff
Wednesday, February 12, 2014 12:18 AM JACKSONVILLE, Fla.— The Vision Care Institute has announced its 2014 schedule of live training seminars, all of which are two-day events taking place at the Johnson & Johnson company’s facilities here, except the eight-hour Costco Independent OD Roadshow on April 1 in Los Angeles.
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