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CooperVision Renews Global Gold Sponsorship of Optometry Giving Sight

SYDNEY — Optometry Giving Sight is pleased to announce that CooperVision, Inc. has renewed its commitment as a Global Gold Sponsor for another three years, effective from January 1, 2017.

Mr. Miller noted that CooperVision’s cumulative support for vision care projects that are helping to eliminate uncorrected refractive error is expected to exceed USD$2 million by the end of 2016. In addition to its charitable donation, the company also contributes funding through a patient rebate donation program in the United States, now in its fifth year with more than 80,000 patients having participated; the One Bright Vision cause-related marketing program in Europe, and its global Fight for Sight employee fundraising campaign with matching support from The Cooper Companies in support of the World Sight Day Challenge.

CooperVision also supports a number of specific programs in partnership with Optometry Giving Sight, providing funding as well as sending experts on site for professional guidance and observation. The aforementioned One Bright Vision initiative will screen 30,000 children ages 7-12 in the Chennai region of India during 2016, following a similar effort that screened 100,000 children in Tanzania from 2013 to 2015. Another initiative funded in part by CooperVision is helping introduce optometry as a course of study in Vietnam.

To read the full press release, click HERE.

 

Voluntary Recall of PeroxiClear Cleaning Solution in the US and Canada

Bausch + Lomb is conducting a voluntary recall, proposed Class II, of PeroxiClear 3% Hydrogen Peroxide Cleaning & Disinfecting solution in the United States and Canada. PeroxiClear is a specialty contact lens solution with a special lens case and neutralizing disc. PeroxiClear is indicated for soft and rigid gas permeable contact lenses.

Although this voluntary recall represents low risk to the consumer and is unlikely to cause serious health consequences, the company is voluntarily recalling the product from retailers, wholesalers, and eye care professionals out of an abundance of caution. It is unlikely that Bausch + Lomb will be able to return the product to the marketplace within 12 months.

The company chose to initiate this voluntary action based on internal testing that simulated normal product use. Testing showed occasional occurrences where the residual peroxide remaining in the lens case after neutralization was out of product specification.

PeroxiClear solution is unlikely to cause serious health consequences. If the residual hydrogen peroxide is above product specification the user of the product could experience temporary symptoms of burning/stinging, irritation, red eye and in rare circumstances other more serious health consequences.

This voluntary recall is limited to PeroxiClear only. No other Bausch + Lomb products are affected by this voluntary recall.

Click HERE to read the full press release:

Safilo Acquires LENTI (BERGAMO – Italy)

Padua – Safilo Group announces the acquisition of a further 24.4% interest in Lenti S.r.l., a manufacturer of sun lenses based in Bergamo, already 75.6% owned. As a result, Safilo has expanded its ownership to 100% of the company.

This acquisition further reinforces Safilo’s stronghold in lens manufacture, where the Group already plays an innovator role thanks to Polaroid, the inventor of the original polarized lenses, and the Smith Chroma Pop technology. With Lenti, Safilo is in a position to use uniquely advanced processes and technology for the development and production of the state-of-the-art decorated lenses that are currently setting the trend for the most sought after fashion-luxury brands around the world.

Lenti was founded in 1995 through the collaboration of several optical production specialists, led by Mr. Marco Negri and Safilo. Today, Lenti designs, develops and manufactures lenses end-to-end, counting on the most advanced Research & Development and Manufacturing capabilities that are leading the Eyewear industry and Fashion tendencies with unique graphic design lenses.

Click HERE to read full press release.

 

The Cooper Companies Joins Standard & Poor’s 500 Index

PLEASANTON, CALIF. — CooperVision, Inc. announced that its parent company—The Cooper Companies (NYSE:COO)—was added to the regarded Standard & Poor’s 500 Index after the close of the U.S. markets Thursday. The company, which is part of the health care sector of the index, joins well-known companies including Apple, Google, P&G and others.

“This is a great accomplishment for The Cooper Companies and for CooperVision as we play an integral role in the organization’s collective success,” said Dan McBride, executive vice president, chief operating officer of The Cooper Companies and president of CooperVision. “Being named to the S&P 500 Index recognizes our performance in the health care sector. This achievement is a testament to the continued growth of the company and the dedication of our employees.”

As part of the S&P 500, The Cooper Companies becomes one of only 500 publicly traded U.S. companies that serves as a benchmark for the overall health of the stock market and the U.S. economy. The S&P 500 Index is recognized as an important listing of publicly traded companies and is acknowledged and relied upon by investors globally.

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