Contact Solution Recall Blog

Due at least in part to the recall of its controversial contact lens solution product, Complete MoisturePLUS, AMO, Inc. yesterday reported that its third quarter did not go as well as they had hoped.  The story was reported in an article published by Forbes, and the relevant passage from the piece appears below.

Advanced Medical Optics Inc., which makes ophthalmic surgical devices and eye care products, Thursday reported a loss in the third quarter, as lost sales from its contact lens solution recall offset revenue from newly acquired companies.

he company posted a loss of $25.9 million, or 43 cents per share, compared with a profit of $87.2 million, or $1.42 per share, a year ago.

Third-quarter earnings included a loss of 8 cents per share due to pretax acquisition charges and derivative losses.”

Recalls cost money, and that’s why companies are so hesitant to initiate them.  If you have suffered as a result of using Complete Moisture PLUS, get in touch with a contact lens solution attorney at Williams Kherkher either by clicking on the link provided or by calling us toll-free at (866) 950-9000.