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3M to Sell Safety Prescription Eyewear Business

3M announced today that it has entered into an agreement to sell its safety prescription eyewear business to HOYA Vision Care. The safety prescription eyewear business is part of 3M’s Personal Safety Division, which is in the Safety & Graphics Business. Terms of the transaction were not disclosed.

3M, with more than 90 years as an industry leader in safety prescription eyewear in North America, provides a comprehensive line of frames, prescription lenses, and premium coating options in a custom-made solution. 3M’s safety prescription eyewear business has annual global sales of approximately $45 million.

“After a thorough strategic review, we have decided to exit the safety prescription eyewear business to focus on our core personal safety businesses,” said Bernard Cicut, vice president and general manager, Personal Safety Division. 3M will retain its safety non-prescription eyewear business, often referred to as plano eyewear.

3M is a global leader in personal safety solutions, including respiratory protection, fall protection, hearing protection, and plano (non-prescription) eye protection.

The transaction is expected to close during the first quarter of 2017, subject to customary closing conditions. Approximately 140 3M employees are expected to join HOYA after the transaction has closed.

Laurent Vacherot Named New President of Essilor

At the December 6, 2016 Board of Directors’ meeting, Hubert Sagnières, Chairman and Chief Executive Officer of Essilor, proposed strengthening the Company’s executive management by appointing Laurent Vacherot as President and Chief Operating Officer. Laurent has been Co-Chief Operating Officer since 2010.

In his new role, Laurent Vacherot will take direct responsibility for Essilor’s operations with all operational executives reporting directly to him. Finance, Human Resources, Corporate Mission, Communications and Strategy will report to the Chairman and Chief Executive Officer.

After consulting the Nominations Committee and the Executive Officers and Remunerations Committee, the Board of Directors unanimously approved the proposal. It also proposed to appoint Laurent Vacherot as director, subject to the approval of shareholders at Essilor’s next Shareholders’ Meeting to be held on May 11, 2017.

Commenting on these changes, Chairman and Chief Executive Officer Hubert Sagnières said: “As industry leader, Essilor has been able to associate key strategic decisions with operational efficiency to carry out its mission of “improving lives by improving sight”. The exciting range of our key day-to-day operational challenges includes innovating, expanding in market segments complementary to our core businesses and gaining footholds in vast countries with extensive markets. The realignment of our organization will help us accelerate the implementation of our strategy and lay the groundwork for the Company and our teams to achieve meaningful and value-adding growth over the long term. I am delighted at the prospect of working even more closely with Laurent at the head of Essilor’s operational management, in carrying out our mission on behalf of our customers and in the interests of our shareholders and employees.”

Microbes in Your Gut Influence Major Eye Disease

Age-related Macular Degeneration (AMD) is the leading cause of irreversible blindness in the industrialized world, affecting over 10 million individuals in North America. A study lead by Dr. Przemyslaw (Mike) Sapieha, researcher at Hôpital Maisonneuve-Rosemont (CIUSSS de l’Est-de-l’Île-de-Montréal) and professor at the University of Montreal, published in EMBO Molecular Medicine, uncovered that bacteria in your intestines may play an important role in determining if you will develop blinding wet AMD.

AMD is characterized by a heightened immune response, sizeable deposits of fat debris at the back of the eye called soft drusen (early AMD), destruction of nerve cells, and growth of new diseased blood vessels (wet AMD, late form). While only accounting for roughly 10% of cases of AMD, wet AMD is the primary form leading to blindness. Current treatments becomes less effective with time. It is therefore important to find new ways to prevent the onset of this debilitating disease.

While many studies on the genetics of AMD have identified several genes that predispose to AMD, no single gene can account for development of the disease. Epidemiological data suggests that in men, overall abdominal obesity is the second most important environmental risk factor, after smoking, for progression to late-stage blinding AMD. Until now, the mechanisms that underscore this observation remained ill defined. Elisabeth Andriessen, a PhD student in the lab of Professor Sapieha found that changes in the bacterial communities of your gut, such as those brought on by a diet rich in fat, can cause long-term low-grade inflammation in your whole body and eventually promote diseases such as wet AMD. Among the series of experiments conducted as part of this study, the group performed fecal transfers from mice receiving regular fat diets, compared to those receiving a high fat diet, and found a significant amelioration of wet AMD.

“Our study suggests that diets rich in fat alter the gut microbiome in a way that aggravates wet AMD, a vascular disease of the aging eye. Influencing the types of microbes that reside in your gut either through diet or by other means may thus affect the chances of developing AMD and progression of this blinding disease”, says Dr Sapieha. Professor Sapieha holds the Wolfe Professorship in Translational Vision Research and a Canada Research Chair in retinal cell biology. The study was funded by the Foundation Fighting Blindness, the Canadian Institutes of Health Research, and the Fond de Recherche en Ophthalmologie de l’Université de Montreal.

http://nouvelles.umontreal.ca/en/article/2016/11/15/microbes-in-your-gut-influence-major-eye-disease/

US Ad Monitor Recommends B+L Discontinue Claims About PeroxiClear

Bausch + Lomb has voluntarily agreed to discontinue certain claims about PeroxiClear product, such as superior comfort over Clear Care, but was able to support its claim of keeping lenses moister for longer.

The National Advertising Division, an investigative unit of the ad industry’s self-regulator, looked into the B+L claims due to a challenge made by Alcon, manufacturer of the competing brand Clear Care.

The discontinued claims include “85% of Clear Care users agree PeroxiClear provides superior all-day comfort” and PeroxiClear “keeps lenses cleaner for longer” or “cleans lenses better” than Clear Care.

The NAD found that the consumer preference studies submitted by B+L were insufficiently reliable to support their claims of superior comfort, though the NAD does not consider claims on their merits.

B+L issued a statement saying that they would comply with the NAD’s recommendations, but they disagree with “NAD’s conclusion that the randomized clinical trial submitted by Bausch & Lomb is insufficient to substantiate the comparative comfort claims at issue.”

Read the full press release here.

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