CooperVision, a part of
The Cooper Companies Inc.
), a company focused on contact lens and women's health, recently
revealed that it introduced the MyDay daily disposable contact
lenses to the British Contact Lens Association (BCLA) Clinical
Conference & Exhibition.
The MyDay lenses are highly oxygen permeable as they are made
of a special chemical, named Smart Silicone (stenfilcon A). These
lenses provide greater water in their composition, better wetness
and an easier usage. They are expected to be launched in
Europe in Sep 2013 and in other markets from early
Research suggests that 90% of contact lens wearers are pleased
with the comfort level provided by the MyDay lenses. In a
scientific comparison conducted with the leading brand, MyDay
came out ahead on parameters such as ease of usage, dryness,
comfort and level of satisfaction.
The outlook for the contact lens industry is favorable. Trade
up to value added lenses, such as silicone hydrogel or one-day
lenses, constitutes a major avenue for growth. A trade up to
1-day disposable lenses sharply increases per user sales and
profit. The company continues to grow sales at higher than market
Cooper is a leader in the high-margin toric lens market. It
offers multiple designs of toric lenses across a wide range of
parameters, unlike some of its competitors, who offer toric
lenses in a limited number of designs.
However, Cooper faces formidable competition in each of its
major product lines. Competition comes from well established
global contact lens makers. Depressed levels of consumer spending
have heightened the company's competitive pressures.
The stock currently carries a Zacks Rank #3 (Hold). We are
also positive about
Becton, Dickinson and Company
) each of which carries a Zacks Rank #2 (Buy) and are
expected to do well.
BECTON DICKINSO (BDX): Free Stock Analysis
CONMED CORP (CNMD): Free Stock Analysis
COOPER COS (COO): Free Stock Analysis Report
STERIS CORP (STE): Free Stock Analysis Report
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