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Appointments at OSI

SOI_KDandavinoOptometric Services Inc. (OSI) has announced the appointment of Karina Dandavino as the director of marketing.

New to the position, Dandavino’s duties now consist of managing all marketing activities for the company and its subsidiaries.

Dandavino has been a member of the OSI team since 2002 and held a number of positions. Before her recent appointment, she had been assistant director of marketing since 2008.

Given her years of experience within the company, she has acquired a thorough understanding of the optometry industry in Canada. Furthermore, she was a veteran of the fashion world prior to joining OSI.

OSI has also announced that Steve Bélanger, formerly director of marketing accounts at OSI, will step into the position of assistant director of marketing.

For further information, click HERE (French text only)

University of Waterloo develops new treatment for dry eyes

Scientists from the University of Waterloo have developed a nanoparticle-based topical solution to combat dry eyes with a single weekly application.

Patients currently have to administer a solution three times a day to reduce pain and irritation. The solution developed at the University of Waterloo gradually delivers the correct amount of drug-infused nanoparticules to the surface of the eyeball over a period of five days before the body metabolizes them.

One weekly dose replaces 15 doses or more of the traditional treatments. The substance causes no irritation. If clinical trials are conclusive, this therapy could be available on the market within five years.

For further information: http://link.springer.com/article/10.1007/s12274-014-0547-3#page-1

Sales growth at Sàfilo

The North American market is the driving force behind Sàfilo’s third quarter growth.

Sàfilo Group reported an increase in sales of 7.3% in the third quarter of 2014, compared with the same period in 2013. The company’s total revenues reached CA$371.2 million during the quarter.

In the North American market, sales increased by 14.1% over the same quarter in 2013. Sales in emerging markets, a priority for Sàfilo, increased by 27%, thanks to the strong performance of the Chinese and Brazilian markets.

Sales increased by 1.9% in Europe but dropped by 3.7% in Asia.

For further information: http://investors-en.safilo.com/phoenix.zhtml?c=195673&p=irol-newsArticle_pf&ID=1986112

Record quarter for Allergan

In the third quarter of 2014, Allergan posted its strongest sales increase in the company’s history.

Allergan’s sales were CA$2 billion in the third quarter, up by 17.2% compared with the same period in 2013. Earnings totalled CA$350 million.

Pharmaceutical eyecare products (including Refresh and Restasis) showed a 14.2% sales increase to CA$915 million.

Allergan could not miss out on trumpeting its success, and perhaps it was thumbing its nose at Valeant. The latter is attempting to acquire Allergan and recently boasted its… second best quarter ever (see news clip from October 30).

For more information: http://agn.client.shareholder.com/releasedetail.cfm?ReleaseID=878172

Novartis and Alcon deliver solid results

Novartis and its Alcon division delivered a good performance in the third quarter of 2014.

Novartis recorded net sales of CA$16.5 billion, a 4% increase compared with the same period last year.

Alcon’s third-quarter sales were CA$3 billion, a 5% increase over the same period in 2013. Alcon reported an increase of 3% in its pharmaceutical ophthalmic products, and a 3% increase in its vision care products. In the vision care segment, the strong sales growth of Dailies Total and AirOptix Colors contact lenses offset a decline in contact lens care solutions.

For more information: http://www.novartis.com/downloads/investors/financial-results/quarterly-results/q3-2014-media-release-en.pdf

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