All CooperVision articles – Page 3
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ArticleEMEA and APAC drove CooperVision Q1 growth
CooperCompanies has reported a 16 percent year-on-year revenue increase to $787.2 million for the first quarter of its 2022 financial year, with double-digit progress for both its CooperVision and CooperSurgical divisions. CooperVision Q1 sales rose by 11 percent in reported terms as compared to the same period in 2020, or ...
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News briefs
CooperVision and WCO publish guide to myopia management
CooperVision and the World Council of Optometry (WCO) have issued a guide to the management of childhood myopia. Addressed to practitioners, the document takes the form of a FAQ (frequently asked questions) and covers such matters as the identification of children with myopia, myopia measurement, reasons to change tack in ...
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ArticleTop 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value. ...
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ArticleEMEA rebound drove CooperVision in Q4
CooperVision has reported a 12 percent year-on-year increase in Q4 revenues to $564.8 million, an 11 percent hike at constant exchange rates. As compared to 2019, sales grew by 10.8 percent. Commenting on the quarterly results, Al White, CEO of CooperCompanies, noted that the revenue growth had been driven by ...
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News briefs
Top management reshuffle at CooperCompanies
CooperCompanies announced earlier this week that Jerry Warner, executive vice president of Americas and global sales, would be promoted to the position of president of CooperVision, effective Feb. 1, 2022. Warner, who spent 11 years at Bausch + Lomb in product marketing and management before joining CooperVision in 2012, will ...
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News briefs
CooperVision reveals new MiSight research data
CooperVision has disclosed new clinical trial data for its MiSight 1 day myopia contact lens, showing no rebound in children myopia one year after cessation of treatment. After six years of clinical trial using MiSight 1 day, study participants were transitioned to single vision lens in order to measure whether ...
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ArticleFirst launch and 2-year trial results announced for SightGlass Vision
In conjunction with the commercial launch of the product in the Netherlands, CooperVision released last week the results of the ongoing clinical trial on the performance of its SightGlass Vision lenses in terms of myopia progression reduction after two years of research. The CYPRESS clinical study, as it is called, ...
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ArticleFast-growing Cooper gears up for MiSight launch
Cooper Companies reported a 32 percent year-on-year revenue increase for the third quarter of its current financial year to a total of $763 million with a solid performance in both its CooperVision and CooperSurgical divisions, which respectively grew by 24 percent to $557.5 million and by 60 percent to $205.9 ...
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News briefs
CooperVision’s MiSight 1 Day approved in China
CooperVision announced yesterday that its MiSight 1 Day contact lens has been approved by the Chinese National Medical Products Administration, the national medical and pharmaceutical regulator in the country, following a priority review. Myopia prevalence has increased significantly in recent years, reaching 14.3 percent of 6 years old children and ...
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News briefs
CVI reinforces myopia management team
CooperVision (CVI) announced three appointments in senior manager positions last week, two of them in its fast growing myopia management division. Jennifer Lambert is taking the position of senior global brand director of myopia management. A seasoned marketing manager with experience at international companies, including Bausch + Lomb ...
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ArticleCVI doubles myopia management sales
Although the segment still accounts for less than 3 percent of CooperVision revenues, much of the talk during the Q2 results’ presentation by the company yesterday revolved around myopia management and the company’s performance in this product category. Answering questions from financial analysts, Al White , president and ...
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News briefs
CooperVision acquires No7 Contact Lenses
Following a multi-year partnership with No7 Contact Lenses , CooperVision announced on April 27 the acquisition of the U.K.-based contact lenses’ specialist for an undisclosed amount. The company will be integrated in the CooperVision Specialty EyeCare group. CooperVision said that the acquisition would allow the group to offer ...
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News briefs
New results of large-scale research on children myopia in France
KRYS GROUP, a leader in the French optical retail sector, and the Poitiers university hospital, started in 2013 a large-scale research on the progression of myopia among French children aged between 4 and 17 years old. The latest results of this ongoing research, which was based on data collected for ...
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News briefs
WCO seeks to set a standard of care for myopia
Having approved a resolution to the effect, the board of directors of the World Council of Optometry (WCO) is encouraging optometrists to set a standard of care for myopia . According to the WCO’s president, Paul Folkesson , myopia is projected to affect more than five billion people by ...
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Article
CVI returns to growth in Q1, except for EMEA
CooperVision (CVI), the contact lenses’ division of Cooper Companies , started the 2021 fiscal year on a positive note with a return to growth after two consecutive quarters of declining sales. Total CVI quarterly revenues increased by 4 percent year-on-year to $507 million in reported terms, and by 1 ...
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ArticleThe European soft contact lenses’ market decreased by 9% last year
The European wholesale market for soft contact lenses decreased by 9.1 percent year-on-year to €1,376 million in 2020 according to data collected in 13 countries by Euromcontact, the European federation of national associations and international contact lenses manufacturers. The countries included in this research are: Belgium, Luxemburg, Denmark, France, Germany, ...
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ArticleEssilux to buy 50% of SightGlass Vision from CooperCompanies
EssilorLuxottica will buy a 50 percent stake of SightGlass Vision , which focuses on developing lenses to reduce the progression of myopia in children, from CooperCompanies, the parent company of CooperVision. CooperCompanies held a minority ownership interest in SightGlass Vision and bought the company in January. Under ...
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ArticleCooperVision expands manufacturing facilities as demand grows
CooperVision announced the expansion of manufacturing facilities located in North America and Europe due to growing demand for its contact lenses. It also believes that the Covid-19 pandemic will force eye care professionals (ECP) to review their long-term business practices. The Gilbert site, situated in suburban Phoenix and ...
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ArticleCVI gains market share in contact lenses
CooperVision (CVI) saw a 1 percent year-on-year drop in sales to $506.3 million in the fourth quarter of CooperCompanies ’ financial year, which ended on Oct. 31. At constant currency rates, the division’s top line fell by 3 percent. Nevertheless, the company claims to have gained market share in ...
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ArticleCooperVision Q3 sales down by 12%
CooperVision (CVI) saw a 12 percent drop in sales to $449.3 million in the third quarter of CooperCompanies ’ financial year, which ended on July 31, and the division’s gross margin narrowed to 61 percent from 65 percent a year earlier owing to the impact of the Covid-19 pandemic. ...
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