Vistakon, which claims to be the world's largest supplier of contact lenses, is teaming up with Allergan, the second-largest international supplier of contact lens solutions and other eye care products, to expand the contact lens market by optimizing the comfort factor. The two companies will carry out coordinated research, education and marketing initiatives in the sector to help expand the total contact lens market.
This new global alliance follows market studies in the USA and Europe indicating that consumers have a preference for a combination of Vistakon's Acuvue 2 contact lenses and Allergan's Complete Comfortplus multi-purpose solutions. The combination beat the next entry 4 to 1 in Europe.
Vistakon is the contact lens division of Johnson & Johnson, which raised its net income in the second quarter ended June 30 to $1,331 million on total revenues of $7,508 million. Allergan posted a higher net profit of $51.9 million in the quarter on total sales of $404.1 million. In constant currencies, revenues rose by 12.8 percent to $173.9 million in eye care pharmaceutical products, and by 16.2 percent in ophthalmic surgery to $65.1 million. Contact lens care products declined by 2.8 percent to $88.5 million, but sales of Complete brand solutions rose by 23.3 percent.