June 26, 2017 3:35 PM ET

Healthcare Equipment and Supplies

Company Overview of Paragon Vision Sciences, Inc.

Company Overview

Paragon Vision Sciences, Inc. manufactures corneal reshaping, specialty contact lenses, as well as oxygen permeable contact lens materials. It offers CRT contact lenses that enable eye care professionals to treat myopia and corneal refractive therapy. It sells its products through laboratory partners and distributors around the globe. Paragon Vision Sciences, Inc. was formerly known as Paragon Optical Inc. The company was founded in 1976 and is headquartered in Mesa, Arizona. As of May 8, 2015, Paragon Vision Sciences, Inc. operates as a subsidiary of Valeant Pharmaceuticals International, Inc.

947 East Impala Avenue

Mesa, AZ 85204-6619

United States

Founded in 1976

Phone:

480-507-7601

Fax:

480-926-7369

Key Executives for Paragon Vision Sciences, Inc.

Chief Executive Officer
President
Chief Financial Officer and Vice President of Finance & Operations
Vice President of Sales & Business Development of Europe, Middle East and Africa
Vice President of Marketing, US & Canada
Compensation as of Fiscal Year 2016.

Paragon Vision Sciences, Inc. Key Developments

Paragon Vision Sciences Receives Paragon CRT Contact Lenses Approval from China Food and Drug Administration

Paragon Vision Sciences announced China Food and Drug Administration approval and commercial availability of its corneal reshaping/orthokeratology brand, Paragon CRT Contact Lenses in China. The contact lenses, a non-surgical treatment option for managing myopia (nearsightedness) are now available in 50 countries around the world, including the United States. Orthokeratology is a non-surgical, option used to treat nearsightedness and low degrees of astigmatism using therapeutic contact lenses worn overnight. While asleep, the lenses gently reshape the front surface of the eye (cornea), resulting in clear vision the following day after the therapeutic CRT lenses are removed. Essilor China will serve as the exclusive distributor for Paragon CRT Contact Lenses in China. The lenses will be widely available to eye care practitioners within the next few months.

Valeant Pharmaceuticals Reportedly Selling Paragon

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) is reaching out to potential buyers for Paragon Vision Sciences, Inc., amid scrutiny from the Federal Trade Commission, according to two people familiar with the matter. It is unclear whether the process will result in a sale and the identity of the potential buyers is unknown. A spokesperson for Valeant said Valeant does not comment on market rumors or speculation and noted that Valeant is cooperating fully with Federal Trade Commission.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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