CooperVision Launches MiSight® Soft Hydrophilic Contact Lenses Across Mainland China to Advance Myopia Management in Children

Opening a New Future for Myopia Management in Chinese Children and Adolescents

ShanghaiJuly 5, 2022PR Newswire -- Today, the online launch event for CooperVision's MiSight soft hydrophilic contact lenses in mainland China, themed "United Vision, Dual Focus of the Times," was successfully held. In the presence of several renowned domestic and international ophthalmology and optometry experts, CooperVision, in collaboration with its exclusive partner for MiSight in mainland China, EssilorLuxottica, officially launched the MiSight soft hydrophilic contact lenses. As the first and only product approved by the U.S. Food and Drug Administration (FDA)...^[1]Soft contact lenses for slowing the progression of myopia in children aged 8-12 years at the initial fitting-  MiSight -Officially approved by the National Medical Products Administration (NMPA) in 2021^[2].The full-scale launch in mainland China will provide a new option for myopia management products, meeting the diverse needs of more Chinese children and adolescents with myopia, and further supporting myopia management for children and adolescents.

MiSight Officially Launched in Mainland China

Mr. Juan Carlos Aragon, Global President of CooperVision Specialty EyeCareCooperVision is committed to providing innovative, advanced, and life-related international eye care products. After seven years of clinical research, we are honored to officially launch this groundbreaking myopia management product for children and adolescents in the Chinese market in collaboration with EssilorLuxottica — CooperVision MiSight Soft Hydrophilic Contact Lenses. With the full-scale launch of MiSight in mainland China, more than 30 markets worldwide will use MiSight to protect the vision health of children and adolescents. We believe that healthy vision is one of the greatest gifts in everyone’s life. When we safeguard this gift for our children, we are creating a healthier and brighter future for them.

Speech by Mr. Juan Carlos Aragon, Global President of CooperVision Specialty EyeCare

Mr. Lin Guoliang, President of Vision Care, Greater China, EssilorLuxottica"As a global leader in vision care and eyewear design, manufacturing, and distribution, EssilorLuxottica is committed to eliminating uncorrected poor vision worldwide by 2050. In the field of myopia, we have been striving to implement comprehensive myopia management solutions. Partnering with CooperVision to fully launch MiSight in mainland China marks another milestone in this effort. Leveraging the group's diverse channels and extensive market coverage, we aim to bring the innovative myopia management product MiSight to more children and adolescents in China, meeting their varied needs across different life scenarios."

Speech by Mr. Lin Guoliang, President of Vision Care, EssilorLuxottica Greater China

As a new option in China's myopia management solutions for children and adolescents, CooperVision's MiSight soft hydrophilic contact lenses feature a concentric dual-focus design that creates myopic defocus, aiming to slow the axial elongation of the eye. These lenses meet the two needs of myopia correction and myopia management for children and adolescents.

CooperVision MiSight Soft Hydrophilic Contact Lenses

Professor Zhou Xingtao, president of the Eye, Ear, Nose and Throat Hospital affiliated to Fudan University, said: "The situation of myopia in China is not optimistic. Myopia has shown a trend of younger age, and the prevalence of myopia among children and adolescents remains high. According to data from the National Health Commission, the overall prevalence of myopia among children and adolescents in China was 53.6%, 50.2%, and 52.7% in 2018, 2019, and 2020 respectively. In 2020, the prevalence of myopia among primary school students was 35.6%, among junior high school students was 71.1%, and among high school students was as high as 80.5%."^[3]. New products and methods related to myopia prevention and control will provide us with scientifically effective means, and MiSight is a very good example."

Professor Xingtao Zhou, President of the Eye, Ear, Nose and Throat Hospital Affiliated to Fudan University, Delivers a Speech

MiSight will be gradually launched in major cities across China and can be professionally fitted by ophthalmologists with intermediate titles or above at medical institutions, where regular follow-up examinations will also be conducted.

CooperVision MiSight Soft Hydrophilic Contact Lenses

AboutCooperVision

CooperVision, a subsidiary of Cooper Companies (NYSE: COO), is dedicated to being a world leader in contact lens manufacturing. The company utilizes various advanced materials and optical designs to offer a full range of products, including daily disposables, two-week disposables, and monthly disposables, as well as premium rigid gas permeable lenses for orthokeratology and scleral lenses. CooperVision is renowned for its corrective contact lenses that address complex visual impairments, such as astigmatism, presbyopia, myopia in adolescents, and highly irregular corneas. It also provides the most comprehensive product lines for single vision, astigmatism, and multifocal needs. By effectively combining innovative products with a service philosophy that prioritizes professional support for eye care practitioners, CooperVision brings novel expertise to the vision care market and delivers genuine product advantages to consumers and contact lens wearers. For more information, please visitwww.coopervision.com.

About EssilorLuxottica

EssilorLuxottica (ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP) is a global leader in the design, manufacture, and distribution of lenses, frames, and sunglasses. Founded in 2018, its mission is to help people around the world "see more and be more" by addressing their evolving vision health needs and desire to express personal style. EssilorLuxottica is composed of two complementary leading companies: one a pioneer in advanced lens technology and the other a creator of exquisite eyewear craftsmanship. Together, they set new industry standards for vision health and consumer experience. The group owns renowned eyewear brands such as Ray-Ban and Oakley, high-tech lens brands like Varilux and Transitions, and leading global retail chains including Sunglass Hut, LensCrafters, and GrandVision. With approximately 180,000 employees, EssilorLuxottica reported estimated revenue of 21.5 billion euros in 2021. EssilorLuxottica's shares are listed on Euronext Paris and included in the Euro Stoxx 50 and CAC 40 indices. For more information, please visitwww.essilorluxottica.com。

References:

1.https://www.fda.gov/news-events/press-announcements/fda-approves-first-contact-lens-indicated-slow-progression-nearsightedness-children"Currently the first and only one"—based on a Google and FDA official website search on 2022.06.25 for #slow progression+myopia+contact lens#

2. Product Name: Soft Hydrophilic Contact Lenses (Imported Medical Device Registration No. 20213160308)

Scope of application: This product is suitable for individuals aged 8-12 years at the initial fitting, with myopia ranging from -0.75D to -4.00D and astigmatism no greater than 0.75D, who have no ocular diseases and are phakic, to correct myopia. Additionally, the product features a concentric bifocal design, allowing part of the optical zone light to focus in front of the retina, creating myopic defocus, with the aim of slowing axial elongation of the eye. The product must be fitted by an ophthalmologist with intermediate or higher professional titles in medical institutions and regular follow-up examinations should be conducted. It must be used strictly in accordance with the instructions.

3. National Health Commission Press Conference on July 13, 2021 - Introduction to the Prevention and Control of Myopia in Children and Adolescents and the Health of Students During Summer Vacation. Link:http://www.nhc.gov.cn/xwzb/webcontroller.do?titleSeq=11389&gecstype=1