Alcon Independent Director Committee Determines Novartis' Merger Proposal to Alcon Minority Shareholders Is Inadequate
The Committee reports that it reached this decision after a careful review of the terms and financial aspects of Novartis' proposal and analysis of information provided by Alcon and its senior management team about the company's past and anticipated financial performance, growth prospects and merger synergy opportunities. The Committee worked closely with its independent financial and legal advisors, Greenhill & Co., Sullivan & Cromwell LLP and Pestalozzi, Zurich, in undertaking its analysis.
The Committee has posted additional information including answers to frequently asked questions, a summary of its financial analysis, and links to the Swiss Code of Obligations, the Swiss Merger Act and the Alcon Organizational Regulations on their Web site: www.transactioninfo.com/alcon.
Clompus Joins CooperVision as Vice President, Global Professional Relations
"Richard brings a wealth of experience and technical expertise to this role," said Jeffrey A. McLean, Executive Vice President, Global Commercial Strategy, CooperVision. "We look forward to his contribution as we continue to develop our professional relations strategy, clinical programs, and enhance the overall experience of our customers."
Dr. Clompus most recently served as Director of The Vision Care Institute, LLC, supporting student and doctor education in the U.S., Canada, and Puerto Rico. Prior to that, he was part of Johnson & Johnson Vision Care where he held leadership positions within The Spectacle Lens Group and Vistakon. He is a member of the American Optometric Association, charter member of the AOA Contact Lens Section, and Fellow of the American Academy of Optometry.
Dr. Clompus was also in private practice for 20 years, establishing an innovative optometric practice in West Chester, PA, providing multidisciplinary eye care and contact lens specialty services. He has published many journal articles and is a contributing author to several publications. Dr. Clompus graduated from the Pennsylvania College of Optometry and completed a family practice residency at the University of Alabama School of Optometry in Birmingham.
Inspire Announces Endpoints Not Met in Phase 3 Prolacria Trial for Dry Eye
"We have provided the top-line results from this trial to our partner Allergan and we will be conducting a thorough review of the program before determining next steps, if any," stated Christy L. Shaffer, Ph.D., President and CEO of Inspire.
Trial 03-113 was a six-week, randomized, placebo-controlled trial in 490 patients who had a fluorescein staining score of three in the central region of the cornea at baseline, using the National Eye Institute scale of zero to three. The primary endpoint was the proportion of subjects receiving Prolacria, administered four times daily as eye drops, that achieved clearing, or a staining score of zero, in the central region of the cornea in the study eye at the six-week trial endpoint, compared to those receiving placebo. The secondary endpoint was the proportion of patients receiving Prolacria that achieved greater than or equal to a two-unit reduction in staining scores at the six-week trial endpoint, compared to those receiving placebo.
Visual Acuity and Stability for Your Patients with Astigmatism
For more information, click here.
ACUVUE® Brand Contact Lenses are indicated for vision correction. As with any contact lens, eye problems, including corneal ulcers, can develop. Some wearers may experience mild irritation, itching or discomfort. Lenses should not be prescribed if patients have any eye infection, or experience eye discomfort, excessive tearing, vision changes, redness or other eye problems. Consult the package insert for complete information. Complete information is also available from VISTAKON®, Division of Johnson & Johnson Vision Care, Inc., by calling 1-800-843-2020 or by visiting jnjvisioncare.com.
ACUVUE®, ACUVUE® OASYS™, and VISTAKON® are trademarks of Johnson & Johnson Vision Care, Inc.
© Johnson & Johnson Vision Care, Inc. 2009.
Alcon to Purchase Ophthalmic Pharmaceutical Assets from Sirion
In addition to these marketed products, Alcon also acquired the global rights, excluding Latin America, for Zyclorin. This product is currently in clinical development to treat dry eye and other ocular surface diseases.
The closing of this agreement is expected to occur by the end of the first quarter of 2010 and is contingent upon customary closing conditions and required regulatory approvals.
Menicon Appoints Lockie Global Sales Manager, Disposable Lens Products
Lockie joins Menicon with nearly 20 years' experience in the soft contact lens and lens care business, having worked in a variety of positions with several leading companies, including Allergan (now AMO) and the Eyecare Division of Biocompatibles Ltd.
Following the acquisition of Biocompatibles Eyecare by CooperVision, Lockie joined Clearlab, the Singapore-based soft contact lens manufacturer, as Global Commercial Director. Clearlab's Research and Development was acquired by Menicon in 2007 at which time Lockie left to launch his own company, acting as a commercial consultant for several optical businesses.
Mr. Toshio Matsushima, Senior Executive Officer for Menicon, commented, "We are pleased to welcome Graham to Menicon. His knowledge and experience will be invaluable in expanding our soft contact lens business in the global markets."
Still Time to Register for the 2010 Global Specialty Lens Symposium!
There is still time to register for the Global Specialty Lens Symposium. With an expert international faculty and a CE-accredited agenda, the 2010 GSLS will include insightful presentations by experts in the field, hands-on demonstrations of cutting-edge products as well as scientific papers and posters. Look for detailed information and register online at www.GSLSymposium.com.
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Optometry Raises Nearly $500,000 to Help Give Sight to Those in Need
World Sight Day is an initiative of VISION 2020: The Right to Sight and is supported by the World Health Organization (WHO); the International Agency for the Prevention of Blindness and non-government organizations with the shared goal of eliminating avoidable blindness by the year 2020, in order to give all people in the world the right to sight.
At the end of 2009, Optometry Giving Sight distributed nearly $3 million through its partners to help screen and provide basic eye care services to more than 3.5 million people, train 1,550 mid-level eye care personnel, and create 101 vision centers/optical labs. The funds were to projects in Sri Lanka, Southern Africa, East Timor, Latin America, Indigenous Australia, Papua New Guinea, as well other parts of the world. Learn more about Optometry Giving Sight and read more from World Sight Day Challenge participants at www.givingsight.org.
New Chief Marketing Officer for 1800CONTACTS
Blackwood was previously Chief Marketing Officer for Monster.com, an online career services company. She led all aspects of Monster's global marketing function including the first global brand launch in the company's history.
Prior to joining Monster.com, Blackwood directed marketing for Computer Associates, one of the world's largest management software companies, based in New York. She managed all aspects of global branding and marketing communications to customers in more than 140 countries.
Blackwood served in other senior marketing management roles at FleetBoston Financial (now part of Bank of America), RBC Dain Rauscher and Morgan Stanley Investments. She started her career as a retail marketer in Chicago.
Abstract: Lipophilic vs. Hydrodynamic Modes of Uptake and Release by Contact Lenses of Active Entities Used in MPS
Five commercial contact lenses were cycled in lens cases in a PHMB- and an Aldox-containing MPS. Single-cycle soaks (6, 16 or 64h) and multi-cycle soaks (6, 16, 142 and 48h) were used to assess kinetics and saturation effects of uptake. Lens capacity for uptake of each entity was determined using a semi-saturation model. Release kinetics was assessed for these semi-saturated lenses (100-mL MPS-soaked) in 2mL of a tear mimic fluid.
Lenses that exhibited low uptake in a single cycle (with 3mL of MPS) became saturated within approximately 3 cycles. PHMB uptake was highest with non-silicone hydrogel (non-SiHy) and/or ionic lenses (approximately 70% depletion in 16h). PHMB uptake by non-ionic SiHy lenses was low (<40% depletion in a single 3-mL soak of 64h). Aldox uptake was highest for all SiHy lenses (approximately 80% depletion in 16h).
The authors concluded that PHMB uptake capacity was highest by ionic and non-SiHy lenses, while Aldox uptake capacity was much higher with all SiHy lenses than with any non-SiHy lens. The slower desorption of PHMB (t(1/2)= approximately 120min) compared to Aldox (t(1/2)= approximately 20min) may partially explain observed higher staining after 2-4h with PHMB products used with some lenses, whereas any clinical effects from Aldox would be expected to manifest soon after insertion.
Powell CH, Lally JM, Hoong LD, Huth SW. Lipophilic versus hydrodynamic modes of uptake and release by contact lenses of active entities used in multipurpose solutions. Cont Lens Anterior Eye 2009.
Fitting Tip: How hard to rub contact lenses?
The patient may be improperly cleaning their lenses. To demonstrate adequate pressure on the lens, I squirt the normal amount of MPS into the patient's palm and rub the palm myself with the pressure normally used to digitally clean the contact. More often than not, the patient replies that they never rubbed that hard - demonstrating that the patient is not cleaning but merely touching the lens. The patients say they thought they would tear the lens if they rubbed harder. I tell them to rub as hard as I did - follow-ups show improved patient comfort when more pressure is applied.
Mark Greenwell, OD
Papillion, NE
Editor's Commentary: Don't Miss GSLS
As noted by the agenda, we have an excellent line-up of internationally recognized faculty prepared to discuss all facets of contact lenses. As with last year, it will prove to be amongst the world's premiere meetings on contact lenses.
Jason J. Nichols, OD, MPH, PhD, FAAO
Report possible grievances related to the Fairness to Contact Lens Consumers Act or associated Contact Lens Rule at: https://www.ftccomplaintassistant.gov/.