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EssilorLuxottica and CooperCompanies will leverage their shared expertise and global leadership in myopia management to accelerate the commercialization of SightGlass Vision spectacle lenses. Through this partnership, they will further strengthen innovation opportunities and go-to-market capabilities to grow the myopia control category.
The last few decades have seen a Agreementts rise in the prevalence of myopia across the globe, notably under the effect of lifestyle changes. Today affecting 2.
Our applications are powerful, easy-to-use and available on all devices.
Myopia is the leading cause of visual impairment in children and, over time, may contribute to an increased risk of developing permanent vision impairment, including macular degeneration, retinal detachment, cataract and glaucoma, and blindness associated with Company Analysis Joint Venture Agreements myopia. By combining their scientific expertise and product development capabilities, EssilorLuxottica and CooperCompanies intend to Joiint awareness and offer additional solutions to help address this global eye health issue.
By combining our strengths, we look forward to increasing the life-changing offerings available to global eye-care-practitioners to combat childhood myopia. The joint venture will acquire SightGlass Vision from CooperCompanies, and the closing of the acquisition and creation of the joint venture is subject to regulatory approvals and other customary closing conditions.
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About EssilorLuxottica EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Formed inits mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations.
The Company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux and Transitions, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family.
For more information, please visit www. Cooper operates through two business units, CooperVision and CooperSurgical.
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CooperVision brings a refreshing perspective on vision care with a commitment to developing a wide range of high-quality products for contact lens wearers and providing focused practitioner support. Headquartered in San Ramon, Calif. Corporate Communications — media essilorluxottica.
Investor Relations — ir essilorluxottica. The drugmaker said it immediately hired external counsel to conduct an independent probe after it was made aware of the allegations.]
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