The European Commission has granted clearance for Actavis’ pending acquisition of Allergan, the two companies announced today.The clearance fulfilled the final regulatory condition necessary to close the pending acquisition, which is expected to be effective on or around March 17 and remains subject to customary closing conditions, according to a press release.
Author: Healio ophthalmology
Iridex reports record revenues in fourth quarter fiscal year 2014
Iridex reported record revenues for the fourth quarter and fiscal year 2014, according to a press release.Revenues totaled $11.8 million in the fourth quarter 2014, an 11% increase from $10.6 million in the fourth quarter 2013. In the fiscal year 2014,…
Publication Exclusive: 20 ways to be a better board member
“Corporate Governance: The manner in which boards direct a corporation … the set of processes, customs, policies, laws and institutions affecting the way people direct, administer or control a corporation.”–Wikipedia“People who enjoy meetings should not be in charge of anything.” – Thomas SowellMeetings are the Rodney Dangerfield of business management, getting no respect and lots of eye rolling. But practice meetings are indispensable in a business as braided and fast-changing as health care, and as perfectionistic as ophthalmology.
VIDEO: OCT angiography of wet AMD and Diabetes
At Retina 2015, Nadia K. Waheed, MD, discusses available OCT devices and how ophthalmologists can use the devices in their clinical practice.
VIDEO: Key pearls and strategies for success in correcting presbyopia with IOLs
At Hawaiian Eye 2015, Frank A. Bucci, Jr., MD, discusses what he has learned on success with correcting presbyopia with IOLs from his first 5,000 cases.
Ophthotech reaches $50 million enrollment milestone goal for Fovista phase 3 trial
Ophthotech has achieved a second $50 million enrollment milestone goal for Fovista under its ex-U.S. licensing and commercialization agreement with Novartis, according to a press release.Fovista, an anti-PDGF compound, is being combined with anti-VEGF …
Glaucoma Research Foundation awards more than $1 million in research grants
The Glaucoma Research Foundation has awarded more than $1 million in research grants, according to a press release. Four principal investigators, Alfredo Dubra, PhD, Jeffery L. Goldberg, MD, PhD, Andrew Huberman, PhD, and Vivek Srinivasan, PhD, are eac…
Alimera reports 342% total net revenue increase in 2014
Alimera Sciences reported total net revenue of $8.4 million in 2014, a 342% increase from approximately $1.9 million in 2013, according to a press release.The company began to recognize revenue in the second quarter of 2013, after the commercial launch…
Open Payments program cycles into next round of reporting
Lessons learned since the launch of the National Physician Payment Transparency Program are the impetus for government, industry and physician collaboration to improve the reporting system going forward.Disclosure data from 2013 were posted on a federa…
Surgical management of cases with zonular dialysis and subluxated cataracts
Capsular stability is an essential, required and integral part of safe modern-day cataract surgery. Any destabilization of the cataractous lens adds to the surgical challenge, and proper surgical planning is important for a successful outcome and optim…
Girl presents with lifelong history of poor vision in both eyes
A 15-year-old girl presented to the eye clinic at the New England Eye Center for a second opinion regarding reduced vision in both eyes since infancy.She was born at 36 weeks’ gestation with an unremarkable birth history. Her mother denied any history of perinatal infections or prolonged perinatal hospitalizations. During infancy, her mother noted the patient would close her eyes or fall asleep whenever outside during daylight hours and was more interactive at night. In early childhood, she was taken to an ophthalmologist and was documented to have poor vision (Read more...)
The learning curve: Is it really worth it?
Premium surgeons face many challenges on a daily basis, from managing patient expectations, managing the ocular surface and treating corneal astigmatism to calculating proper IOL powers, but the most daunting challenge is learning about and/or implementing a new surgical maneuver or device. Wikipedia describes the familiar expression “a steep learning curve” as intended to mean that the activity is difficult to learn, although a learning curve with a steep start actually represents rapid progress. Either way the steep learning curve is interpreted, the premium surgeon has to encounter it, whether (Read more...)
GrayBug raises $1.74 million in Series A2 financing
GrayBug has secured $1.74 million in Series A2 financing, according to a press release.The financing round was led by a new investor, Hatteras Venture Partners, and an existing investor, Maryland Venture Fund.
Higher incidence of Acanthamoeba keratitis persists more than 10 years after outbreak
PHILADELPHIA — The incidence of Acanthamoeba keratitis, although still rare, is about 10 times greater than before an outbreak of the disease occurred in 2004, according to a study presented here.“Acanthamoeba keratitis, after the outbreak in 2004, really reached a peak in 2007, but we saw that the incidence never returned to its pre-2004 baseline,” Travis C. Jenkins, MD, said at the Wills Eye Alumni Conference.
Ocular Therapeutix reports positive results from phase 3a trial of OTX-DP
Ocular Therapeutix announced positive top-line clinical results from a phase 3a trial on the safety and efficacy of OTX-DP for the treatment of ocular inflammation and pain after cataract surgery. The trial enrolled 247 patients who were treated with O…
FDA, EMA grant Nightstar orphan drug designation for gene therapy to treat choroideremia
Nightstar has received orphan drug designation from the FDA and the European Medicines Agency for a gene therapy to treat choroideremia, according to a press release.The designation will provide regulatory support in development activities such as prot…
Eleven Biotherapeutics reports increase in revenue in 2014
Eleven Biotherapeutics reported total revenue of $2.2 million in 2014 compared with $1.3 million in 2013, according to a press release.Net loss applicable to common stockholders was reported at $34.7 million, or $2.37 per share, in 2014 compared with $…
Speaker: Diabetic retinopathy screening may be possible at hemodialysis centers
PHILADELPHIA — Hemodialysis centers may be an ideal setting for patients with diabetes to undergo diabetic retinopathy screening, a speaker said here.“Patients with diabetes on dialysis have increased barriers to getting access to eye care,” Nika Bagheri, MD, said at the Wills Eye Alumni Conference. “Teleophthalmology provides an opportunity to improve access to eye care in this high-risk population.”
Shareholders approve Actavis’ planned acquisition of Allergan
Shareholders of Actavis and Allergan today approved all proposals related to Actavis’ planned acquisition of Allergan, the companies announced in a press release.The shareholder approvals satisfy some conditions of the closing of the transaction, which is expected to occur late in the first quarter or early in the second quarter of 2015, according to the release. In November, Actavis announced plans to acquire Allergan in a transaction valued at $66 billion, or $219 per share in cash and Actavis shares.
Akorn reports increase in revenue for fourth quarter, full year
Akorn reported total consolidated revenue of $601.9 million in 2014 compared with $317.7 million in 2013, according to a press release. Annual GAAP net income was $40.9 million, or $0.38 per diluted share, compared with $52.4 million, or $0.46 per dilu…