CooperVision

CooperVision, Inc.
Public
Industry Medical devices
Predecessor Martin H. Smith Co., Cooper Tinsley Laboratories, Inc.
Founded 1958 (1958)
Headquarters Pleasanton, California, United States of America
Area served
 Worldwide
Key people
 Enrique Sinigaglia Director & CEO
Products Contact lenses
Revenue Increase $1.1 billion in fiscal (2011)[1]
Parent The Cooper Companies, Inc.
Website CooperVision
CooperVision in Ontario

CooperVision, Inc. is a business unit of The Cooper Companies, Inc.. It is a soft contact lens manufacturer. The company was founded in 1980, and it is headquartered in Pleasanton, CA. Its products are sold in over 100 countries.

CooperVision manufactures in Juana Díaz, Puerto Rico; Scottsville, New York; and Hamble in Hampshire, England. It has major distribution centers in the U.K., U.S., and Belgium.[2]

History

CooperVision's parent company, The Cooper Companies, Inc., started in 1958 as the Martin H. Smith Co. The company name changed to Cooper Laboratories, Inc. in 1967. In 1978, the company reorganized into Cooper Laboratories, Cooper Medical Devices, Cooper Dental, Cooper International, and CooperVision. CooperVision was incorporated in 1980. The company then went public in 1983.[3] In 1987, CooperVision, Inc. changed its name to The Cooper Companies, Inc. and organized into three groups: Cooper Technicon, CooperSurgical, and CooperVision.[4]

In 2004, CooperVision acquired Ocular Sciences, Inc., a global manufacturer and marketer of soft contact lenses. This acquisition helped the company become the third-largest soft contact lens manufacturer in the world.[5] (Technically acquisition concluded on January 7, 2005)

In 2011, CooperVision announced its rebranding, developed by Siegel+Gale, a global branding firm.[6] In 2012, this rebrand was one of five companies to win the "Best of Awards" by REBRAND.[7]

Also in 2011, CooperVision initiated a product recall on a limited number of lots of Avaira spherical and toric lenses. This was a result of identifying certain lots that did not meet the company’s updated quality requirements.[8]

In 2013, researchers from CooperVision, along with others from Linköping University, the University of Ottawa, FibroGen Inc., and Synsam Opticians participated in a study on the partial success of artificial corneas. This study was published in the Science Translational Medicine and reported on the BBC.[9]

In August 2014, CooperVision completed the acquisition of Sauflon Pharmaceuticals Limited, a UK based manufacturer of daily disposable silicone based contact lenses.[10]

Products

CooperVision develops, manufactures, and markets a range of contact lenses to a worldwide market. CooperVision produces both spherical contact lenses and specialty lens products in varying wearing and replacement schedules (i.e., how long a lens can be worn prior to removal and before it must be discarded).

America's Best, Walmart and Vision Source Private Label Contacts are manufactured by CooperVision.

Identical Lenses

According to FTC Lens rules a contact seller may replace a private label brand with an identical contact made by the same manufacturer.[11]

Store Store Brand Identical Name Brand
America's Best Sofmed 55 Biomedics 55 Premier[12]
Target Optical Target 55 Aspheric Biomedics 55 Premier [12]
Walmart and Sam's Club UltraFlex II Biomedics 55 Premier [12]

Philanthropy

CooperVision is involved in various schemes and scholarship programmes in the UK, including the Park Sport initiative, a scheme run by Eastleigh Borough Council that offers different sporting activities to local families for free.[13] It also hosts a Student Research Scholarship which encourages optometry students to take part in contact lens-based research projects.[14]

In 2012, The Cooper Companies, Inc. and CooperVision donated $100,000 to Optometry Giving Sight’s World Sight Day Challenge.[15]

CooperVision is a founding patron and sponsor of Optometry Giving Sight, a global fundraising program that aims to provide everyone with access to an eye examination and glasses, should they need them, wherever they are in the world.[16] They also initiated the One Bright Vision campaign in partnership with Optometry Giving Sight.

Awards

CooperVision won the SILMO d'OR award for their MyDay contact lenses at the Mondial de l'Optique of Paris during the 20th Silmo d'Or ceremony in 2013.[17]

References

  1. ↑ The Cooper Companies, Inc. (2011-12-16). "Form 10-K for the fiscal year ended October 31, 2011". Washington, D.C.: U.S. Securities and Exchange Commission. File 001-08597, film 111266546. Retrieved December 27, 2011.
  2. ↑ "Shareholder information" (PDF). Retrieved October 18, 2013.
  3. ↑ "History". CooperVision. Retrieved October 18, 2013.
  4. ↑ "History". The Cooper Companies, Inc. December 31, 2013. Retrieved August 23, 2015.
  5. ↑ Salgado, Brian. "Salgado, Brian CooperVision. Supply Chain World". Scw-mag.com. Retrieved October 18, 2013.
  6. ↑ "Pierce, Lisa McTigue CooperVision rebrands, launches 'vivid' visual identity. Packaging Digest". Packagingdigest.com. Retrieved October 18, 2013.
  7. ↑ "2012 REBRAND 100 Global Awards Brands". Rebrand.com. Retrieved October 18, 2013.
  8. ↑ "Lamar, Mia Cooper expands Avaira contact lens recall Marketwatch. Retrieved December 19, 2012". Marketwatch.com. Retrieved October 18, 2013.
  9. ↑ "Partial Success of Artificial Corneas. The Shields Gazette". Shieldsgazette.com. Retrieved October 18, 2013.
  10. ↑ "Acquisition of Sauflon Pharmaceuticals Limited". The Cooper Companies, Inc. August 6, 2014.
  11. ↑ https://www.ftc.gov/tips-advice/business-center/guidance/contact-lens-rule-guide-prescribers-sellers
  12. 1 2 3 http://www.visiondirect.com/biomedics-55-premier-contact-lens/qxp151438?catid=11588
  13. ↑ "Daily Echo". Daily Echo. September 30, 2013. Retrieved October 18, 2013.
  14. ↑ "Optometry.co.uk". Optometry.co.uk. September 30, 2013. Retrieved October 18, 2013.
  15. ↑ "GlobalNewswire". Globenewswire.com. Retrieved October 18, 2013.
  16. ↑ "Our Mission". GivingSight. Retrieved October 18, 2013.
  17. ↑ "Silmo | Mondial de l'Optique | Paris". En.silmoparis.com. September 26, 2013. Retrieved October 18, 2013.

External links

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