Novartis Chief Executive Jimenez to Retire in 2018, Narasimhan Named Successor

Joseph Jimenez (l) will retire next year and be succeeded by Vasant (Vas) Narasimhan, MD.​ BASEL, Switzerland—Novartis AG (NYSE: NVS) chief executive officer Joseph Jimenez, who has led the company since 2010, announced Monday that he plans to step down as CEO in January and retire from the company on Aug. 31, 2018. The pharma company, which also owns Alcon, said its board of directors has appointed Vasant (Vas) Narasimhan, MD, the company’s global head of drug development and chief medical officer, to succeed Jimenez, effective Feb. 1, 2018. Dr. Narasimhan, a member of the company’s executive committee, joined Novartis…


Prevent Blindness Works With Eagles Charitable Foundation to Train Philadelphia School Nurses

PHILADELPHIA—Prevent Blindness, the leading volunteer eye health and safety organization in the U.S., oversaw the administration of vision-screening training and certification at a professional development meeting for Philadelphia school nurses held here Friday. The professional development meeting was hosted by the Philadelphia Eagles Charitable Foundation and was held at Lincoln Financial Field, home of the NFL’s Eagles. It was the seventh annual professional development meeting the foundation has hosted for Philadelphia school nurses, according to a statement about the event. According to the statement, studies indicate that about one in four school-aged children have a vision problem that requires treatment…


Couple in South Carolina Files Lawsuit Against Amazon Over Defective Eclipse Glasses

CHARLESTON, S.C.—A South Carolina couple filed a lawsuit against Amazon Inc. last week in federal district court here, claiming that the online retailer sold faulty glasses that were marketed as being safe for viewing the solar eclipse in mid-August. The couple is seeking to have the lawsuit become a class action. They claim in the lawsuit that their vision was affected after viewing the Aug. 21 solar eclipse with the viewing glasses they purchased via Amazon.com. Amazon, as early as Aug. 10, began to notify customers that it was recalling potentially hazardous solar eclipse glasses that it could not verify…


Cooper Companies Report ‘Solid’ Financial Results and Market-Share Gains in Third Quarter

PLEASANTON, Calif.—The Cooper Companies Inc. (NYSE:COO) reported “solid results” for its third quarter that reflect “market-share gains” and improved profitability, president and chief executive officer Robert S. Weiss said in the financial announcement late Thursday. The company said revenue for the quarter ended July 31 increased 7 percent year-over-year to $556 million (at constant currency exchange). At the business-unit level, CooperVision (CVI) revenue rose 8 percent to $437.3 million (at constant exchange) and CooperSurgical (CSI) revenue increased 13 percent to $118.7 million, according to the announcement. “This was another solid quarter with market-share gains, improving profitability and strong cash generation,”…


Safilo Unveils Newly Renovated Optical Collection, Reinforcing Its Design Heritage

PADUA, Italy—Safilo Group unveils a completely renovated optical collection, redesigned with a new concept and positioning while reinforcing the company’s technical and aesthetic heritage. The collection will be available in select optical stores this fall. This new Safilo collection builds on the company’s heritage of technical and aesthetic content with a new range of optical frames which celebrate superior design, functional innovation and “Made in Italy” know-how that the brand is recognized for. The Safilo optical frames which speak to a “demanding and educated consumer” and celebrate the Italian DNA of the brand includes a balance of mixed styles in…