Hoya Group Reports Significant Increases in Sales and Profits in First Quarter

By Staff
Friday, July 30, 2021 12:27 AM TOKYO—Boosted by strong sales in both North America and Europe, Hoya Group (7741:JP) on Thursday reported that sales for the first quarter (April 1 through June 30) of its current fiscal year totaled 158,000 million yen, an increase of 44.5 percent from the same period of the previous fiscal year. The quarterly profit before tax totaled 51,018 million yen, and quarterly profit amounted to 41,299 million yen, up 59.7 percent and 61.1 percent, respectively. The quarterly profit margin before tax was 32.3 percent, representing a year-on-year increase of 3.1 points.

Kings Guard Gaming and VSP Global Innovation Center Establish Partnership With a Focus on Eye Health and Vision Performance

By Staff
Thursday, July 29, 2021 12:24 AM SACRAMENTO, Calif.—Kings Guard Gaming, the official NBA 2K League affiliate of the Sacramento Kings, and the VSP Global Innovation Center have announced a multi-year partnership to promote eye health in the gaming community and leverage emerging technology to improve vision performance for the athletes.

Contact Lens Institute Unveils New Research Supporting 'See Tomorrow' Initiative and Offers Tips to Help ECPs Reconnect With Patients

By Staff
Monday, July 26, 2021 12:21 AM WASHINGTON, D.C.—In an effort to help ECPs identify and prepare for new opportunities arising from the COVID-19 pandemic, the Contact Lens Institute (CLI) presented findings from its new research looking at how patients’ views of health care and vision care have changed over the past 18 months, and how ECPs can act upon this new patient mindset.

Bausch + Lomb to Invest €90 Million in Waterford, Ireland, Facility to Expand Capacity for Biotrue ONEday Lenses

By Staff
Friday, July 23, 2021 12:18 AM WATERFORD, Ireland—Bausch + Lomb this week announced plans to invest €90 million to expand manufacturing operations at its Waterford facility in Ireland. The investment is expected to generate 130 additional jobs when production commences in 2023 and will provide the Waterford facility with additional capacity to meet expected demand for its Biotrue ONEday range of contact lenses, B+L said in the announcement. The investment will further strengthen the Waterford plant’s position in supporting Bausch + Lomb’s efforts to increase market share in the contact lens market.

Johnson & Johnson Reports Rebound in Sales and Earnings, With Vision Care Segment Also Bouncing Back from 2020’s Dropoff

By Staff
Thursday, July 22, 2021 12:24 AM NEW BRUNSWICK, N.J.—Johnson & Johnson (NYSE: JNJ) reported Wednesday that its second-quarter sales increased 27.1 percent to $23.3 billion, with operational sales growth of 23 percent and adjusted operational growth of 23.8 percent. Net earnings increased 73.1 percent, totaling $6.3 billion in the recent quarter compared with $3.6 billion in the year-ago period, according to the announcement.

India-Based Lenskart Raises Additional $220 Million Funding, Led by Temasek, Falcon Edge Capital

By Staff
Tuesday, July 20, 2021 12:21 AM NEW DELHI & MUMBAI, India—Omnichannel eyewear brand, Lenskart, raised $220 million funding from Temasek and Falcon Edge Capital. Other investors including Bay Capital and Chiratae Ventures also participated in this round.

Warby Parker Launches Virtual Vision Test, Enhanced Eyeglass and CL Rx Renewal App

By Staff
Monday, July 19, 2021 10:30 AM NEW YORK—Warby Parker today is significantly expanding its telehealth services by introducing Virtual Vision Test, a new and updated app that allows users to update both eyeglass and contact lens prescriptions. It is a one-stop solution for renewing an eyeglass or contact lens Rx using only an iPhone from anywhere, anytime. The test, which will cost $15, launches to the public today. The test in the app is a new iteration of the Prescription Check app that Warby introduced in 2017.

International Myopia Institute Releases New IMI Clinical Summaries

By Staff
Monday, July 19, 2021 12:15 AM SYDNEY—The International Myopia Institute (IMI) has announced the release of the second volume of the 2021 IMI White Papers Clinical Summaries in English and up to 12 other languages including Chinese, Vietnamese, Turkish, Spanish, French, Russian, German and Dutch. In addition, the IMI has released a yearly digest in a special issue of the peer-reviewed Investigative Ophthalmology and Visual Science (IOVS) journal. These IMI clinical summaries make the IMI’s evidence-based information in myopia management accessible to ECPs around the world in easy-to-understand language, and are one page in length each. More than 134 world-leading experts in the field of myopia contributed to these white papers.

Topcon Healthcare Acquires VISIA Imaging, Expanding Topcon's Portfolio and Capabilities in Anterior Segment Market

By Staff
Friday, July 16, 2021 12:27 AM TOKYO—Topcon Corporation, a leading provider of medical devices and software solutions for the global eyecare community, announced hat it has acquired VISIA Imaging S.r.l, an ophthalmic device manufacturer headquartered in Florence, Italy.

Heru Bolsters Executive Team With Addition of Four Seasoned Industry Veterans

By Staff
Friday, July 16, 2021 12:18 AM MIAMI—Heru Inc., the developer of wearable AI-powered vision diagnostics and augmentation software, has expanded its executive leadership team with the appointment of several strategic hires. Joining Heru are Mary Durbin, Ph.D. as chief scientific officer, Bob George as chief technology officer, Corey Nielson as chief customer officer, and John Trefethen, MFA as chief marketing officer. “These executives bring rich industry experience to the rapidly growing Heru team,” said Heru founder and CEO Mohamed Abou Shousha, MD, Ph.D.

Luxexcel Launches Platform for Manufacturing of Prescription Lenses for Smart Glasses

By Staff
Thursday, July 15, 2021 12:24 AM EINDHOVEN, The Netherlands—Luxexcel announced its next generation manufacturing platform, Luxexcel VisionPlatform 7, which makes it possible for businesses to integrate prescription lenses into the production of smart glasses in their manufacturing facilities. The platform includes new features geared for manufacturing smart lenses that are  lightweight, thinner and can be used in commercial frames similar to traditional eyeglasses.

CooperVision Launches Campaign to Educate Consumers on the Sustainability of clariti 1 day Contact Lenses

By Staff
Thursday, July 15, 2021 12:18 AM SAN RAMON, Calif.—As many eyecare practices look for more ways to connect with their sustainability-focused patients, CooperVision has launched a digital marketing campaign called “Do One Better.”

The Top Health and Fitness Metrics Tracked By U.S. Wearable Users

By Staff
Wednesday, July 14, 2021 1:38 PM The leading metrics among U.S. wearable users are fitness-related, according to a recent survey by eMarketer. When asked what health/fitness metrics do U.S. wearable users track with their devices, 59 percent count on these devices to tally their daily steps, and 42 percent use the tech to track workouts. According to the survey, 32 percent track calories with their devices and 17 percent track stress levels. Meanwhile, just 8 percent monitor chronic health conditions with smartwatches, fitness trackers, and the like.

EssilorLuxottica Creates Smart Eyewear Innovation Hub in France to Capture Rising Opportunities in Wearables

By Staff
Tuesday, July 13, 2021 12:27 AM CHARENTON-LE-PONT, France—EssilorLuxottica said Monday that it has created a dedicated innovation center in France to reinforce its expertise and expand its capabilities in electrochromic and smart eyewear technologies.

Ocuco Announces €40 million Refinancing, Including New Investment

By Staff
Tuesday, July 13, 2021 12:24 AM DUBLIN, Ireland—Ocuco Ltd., a leading provider of software to the eyecare industry, has announced a €40 million refinancing including a €25 million term extension of its facilities with Wells Fargo Capital Finance and a €10million commitment from the Ireland Strategic Investment Fund.