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FTC Reportedly Investigating Valeant’s Acquisition of Gas Permeable CL Maker

According to the non-profit news organization ProPublica, the US Federal Trade Commission is investigating if Canadian pharmaceutical company Valeant illegally cornered the market for a material used in gas permeable lenses.

Valeant disclosed on Monday, October 19, that it had received a letter from the FTC regarding its acquisition of Paragon Vision Sciences, a manufacturer of gas permeable lenses, but did not comment further.

According to ProPublica, the FTC is concerned that Valeant’s acquisitions of Baush + Lomb and Paragon Vision Sciences now give Valeant monopoly control over the gas permeable market. Valeant now controls 85 to 90 percent of the GP lens supply chain, says Jan Svochak, president of the Contact Lens Manufacturers Association.

Valeant shares lost one third of their market value last week.

Further information: http://www.propublica.org/article/federal-investigators-looking-at-valeant-contact-lens-dealings

Watching Movies Improves Vision in Children with Amblyopia

Popular children’s movies, combined with dichoptic training, offer a novel approach to treating amblyopia, according to a new report by researchers affiliated with the Department of Ophthalmology at McGill University and the Retina Foundation of the Southwest in Dallas, Texas.

The technique, published in the Journal of the American Association for Pediatric Ophthalmology and Strabismus (AAPOS), involves the images of a popular movie sent to each eye individually, with blobs obscuring portions of the film. The blobs were shaped so that the entire screen could only be seen with binocular vision, with the image in the stronger eye presented in reduced contrast to overcome suppression.

”Children achieved 1-4 lines of improvement in visual acuity with just six sessions (nine hours) of dichoptic (both eyes looking at target at same time) movie viewing over two weeks,” explained Dr. Eileen Birch, of UT Southwestern Medical Centre. “Patching, by comparison, requires 120 hours of treatment to achieve 1 line of improvement in amblyopic children who have already been treated with spectacles for 12-16 weeks.”

Whether the improvement is persistent is yet to be determined, but the researchers are hopeful that these preliminary results will be confirmed in a controlled clinical trial.

Further information: http://www.alphagalileo.org/ViewItem.aspx?ItemId=157319&CultureCode=en

 

(Photo from Retina Foundation of the Southwest)

Newly Released Limited Edition Nike Sunglasses Inspired by the Burnside Skatepark

Paying tribute to Nike’s roots in Portland Oregon, Nike Vision welcomes the Unrest and Flatspot to its collection. The Nike Unrest replicates the graffiti found on the Burnside skate park by putting the same graphics on the outside of the temples. Inside the temple features the latitude and longitudinal coordinates of the skate park. The Flatspot was designed with a flat panel on the lower eyewire of the lens, mimicking the flatspot on the skate board wheel created by powersliding. Both models are created with Nike Max Optics Lens Technology and maintain a light weight injected 6 base design.

Distributed by Marchon: www.marchon.com

Essilor Reports 4.8% Like-for-Like Growth in 3rd Quarter Revenues

Essilor International reported revenue growth of +4.8%, including a +8% currency effect primarily from strong US$ sales in USA.

The report cites sales in North America and Europe, led by “stepped-up” consumer marketing campaigns and faster growth in the sun glasses and readers division as the major contributors to sales growth.

While specific sales figures for the Canadian market are not released, the report indicates Canadian growth in Rx sunglasses through independent ECPs was generated from marketing campaigns, particularly the “Perfect Pair” offer and new products, such as Eyezen™.

The nine-month year to date consolidated revenue for the global group is +8.4% excluding the positive currency effect.

Click HERE to view the full Q3 report.

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