Division of Cooper Cos. Inc.
Latest From CooperVision Inc.
Almost one-third of contact-lens patients in the US order lenses online at least some of the time. Manufacturers such as CooperVision are introducing mobile apps that allow them to compete with online-only retailers like 1-800 Contacts.
Device fundraising during the fourth quarter totaled $2.6 billion, making it the strongest quarter of the year. Q4 M&A activity reached $3.9 billion, higher than Q3's $3.4 billion, but still one of the lowest quarters of the year. Both fourth quarter diagnostics financings and M&As hit an all-year low of $622 million, and $2.8 million, respectively.
Industry stakeholders say proposed revisions to the US Federal Trade Commission's Contact Lens Rule, including one related to lens substitutions, could create problems for suppliers. The rule will be up for discussion at a March 7 meeting.
Under tax reform legislation recently passed by Congress, a 20% tax on products made in domestic territories will adversely affect the many device firms with Puerto Rican plants that currently enjoy a lower, 4% tax rate on profits. And a second tax provision usually relied upon by medtech companies, the R&D tax credit, also loses ground under the final Senate bill passed Dec. 2.
- Medical Devices
- Therapeutic Areas
- North America
- Parent & Subsidiaries
- Cooper Cos. Inc.
- Senior Management
Gordon Heneweer, VP, CFO
Daniel G McBride, Pres.
Dennis Murphy, Chief Commercial Officer
Andrew Sedgwick, EVP, Commercial Strategy & Bus. Dev.
Francis Erard, VP, R&D
- Contact Info
Phone: (585) 385-6810
209 High Point Dr., Ste, 100
Victor, NY 14564
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