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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.

Essilor Launches Plan to Enable 50% of Employees to Become Shareholders

(Charenton-le-Pont, France) – Essilor International’s Board of Directors has approved an ambitious plan to promote employee shareholding, with the long-term objective to see 50% of employees worldwide become shareholders of the company.
Essilor is today launching an international plan to promote and expand employee shareholding around the world, in order to consolidate and further develop its employees’ involvement in the Group’s growth and success. Through the plan, Essilor aims to allow 50% of its employees to own shares in the company, compared to 20% currently.

This ambition to grow and further strengthen the Group’s shareholding culture extends to every country in which Essilor operates and all employees, regardless of their job status.

Employee shareholding is one of Essilor’s core principles, a pillar of its success and key to its sustainability. Employees have always been Essilor’s largest shareholder, and currently own more than 8% of its share capital. Three directors representing employee shareholders currently sit on Essilor’s Board of Directors. The company is also committed to enhancing the financial knowledge of all its employees, regardless of their position in the company or their geographical location.

A majority of Essilor’s employee shareholders are members of Valoptec Association which contributes to the Group’s long term growth, participates in its governance and supports its values and mission. Valoptec Association members meet every year for a vote of confidence on Essilor’s strategy and human resource policy.

To read full press release, click HERE.

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