Contact Lenses

Valeant Reports ‘Organic’ Growth Within B+L Segment During Second Quarter

LAVAL, Quebec—Valeant Pharmaceuticals International (NYSE: VRX) (TSX: VRX), parent of Bausch + Lomb, reported Tuesday that total revenues in its second quarter declined 8 percent to $2.23 billion from $2.42 billion in the second quarter of 2016. The company attributed the decrease to lower volume and price in its U.S. diversified products segment, among other factors. In the quarter ended June 30, the company’s net loss was $38 million, which compares with a $302 million loss in the year-ago period, an improvement of $264 million, according to Valeant’s announcement. “The decrease in net loss primarily reflects the increase in recovery…


Sightbox, a Membership and Supply Service for Contact Lenses, Raises $2.4 Million

PORTLAND, Ore.—Startup firm Sightbox, which offers an annual membership-linked supply service for contact lens wearers, recently raised $2.4 million in new funding to support its growth, a spokesman confirmed. The new funding round – which included investments from Rogue Venture Partners, Portland Seed Fund, Jumpstart Foundry, Vista River Healthcare, G Ventures and Irish Angels – brings the company’s total funding to $4.2 million. In addition, individual angel investors from the United States participated in the new round of funding, the spokesman confirmed. Under the parameters of the Sightbox membership model, members pay a monthly fee of $39, which covers an…


Johnson & Johnson Sees Sales Growth Accelerating in Second Half of 2017

NEW BRUNSWICK, N.J.—Johnson Johnson (NYSE: JNJ) reported Tuesday that its sales in the second quarter rose 1.9 percent to $18.8 billion, in part a reflection of sales growth within its medical devices business segment (specifically the cardiovascular business and the Acuvue contact lens product line). Adjusted net earnings totaled $5.0 billion in the quarter, representing an increase of 3.1 percent. Both sales and earnings results are compared to the same period in 2016. Operational sales results increased 2.9 percent, with the negative impact of currency at 1 percent, according to JJ’s announcement. Domestic sales increased 1.6 percent in the quarter….


Texas AG Reaches Settlement with Online Contact Lens Provider

Attorney General, Ken Paxton of Texas.​ AUSTIN, Texas—Attorney General Ken Paxton of Texas announced that his office has reached a settlement with THEG Inc., which does business as the online contact lens distributor and wholesaler Fine Clear of Bergenfield, N.J. The settlement follows from the attorney general’s claim that Fine Clear sold contact lenses to consumers without requiring them to provide a valid prescription, according to the announcement. Hyunyil Cho of New York, who is identified in the settlement as president of THEG, also is named as a “respondent” in the settlement. Terms of the settlement call for Fine Clear…


MPG&E Will Distribute Safilens Products in Germany for the Next Five Years

STARANZANO, Italy—Safilens announced that MPGE will be the exclusive distributor of its products in Germany for the next five years. Headquartered in Bordesholm, Germany, MPGE, an independent distributor, specializes in the sale of contact lenses and lens care products. “Demand for our products in Germany has steadily grown over the last few years,” said Daniele Bazzocchi, general manager of Safilens. “This is why we decided to move ahead to expand our sales in the country. Naturally, our choice went to MPGE, a company that has consistently set itself apart, thanks to its team of highly-qualified professionals and the excellent service…