Valeant says on hunt for more deals, including contact lenses

(Corrects to show that Valeant based in Laval, Quebec, not Toronto)

July 31 (Reuters) – Valeant Pharmaceuticals International Inc on Thursday said it remains on the hunt for other companies, including makers of innovative contact lenses, as it presses on with efforts to take over Botox-maker Allergan Inc .

On a conference call with investors, Valeant Chief Executive Officer Michael Pearson said the company will not be content to remain the No. 4 global player in the contact lens industry.

Valeant officials said Allergan shareholders would profit more through a merger with Laval,


European contact lens market dominated by silicone hydrogel lenses

Industry analysts estimate that in the period 2007 to 2013, the global lens market expanded at an average annual growth rate of 1.6%. Recent market research indicates that this figure is likely to be appreciably higher in certain markets around the world.

Currently, the largest lens markets are United States, United Kingdom, France, Germany and Thailand. According to industry analysts, the strongest growth during the period 2014 – 2018 is expected to come from Greece (18.5%), Sri Lanka (17.7%), Kyrgyzstan (16.9%), Kazakhstan (16.4%), and Lithuania (15.9%).

Today, contact lenses and spectacle lenses of other material than glass represent


Google developing smart contact lenses with Novartis

More: Tech, Google Previous: Google Play widens lead in app downloads thanks to emerging markets Next: Facebook-powered vending machine gives users perfect flavour match Source:

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Google agrees contact lens deal

A smart contact lens that can monitor the glucose levels in the eye is a step closer to reality. Google’s announced a partnership with Swiss pharmaceutical company Novartis to develop it. The technology giant first unveiled the concept in January, which works using tiny sensors and microchips fitted into contact lenses that can then measure [...]

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What Else Could Smart Contact Lenses Do?

Last week Google and Novartis announced that they’re teaming up to develop contact lenses that monitor glucose levels and automatically adjust their focus. But these could be just the start of a clever new product category. From cancer detection and drug delivery to reality augmentation and night vision, our eyes offer unique opportunities for both [...]

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