Alcon Continues Its Successful Rollout of PRECISION1 Daily Disposable Contact Lenses, Now Available in Key Markets Throughout Latin America, Asia & Europe

Rhea-AI Summary

Alcon has launched PRECISION1, the first daily disposable contact lens using SMARTSURFACE Technology, enhancing visual performance and comfort. Available in Europe, North America, and parts of Latin America and Asia, PRECISION1 for Astigmatism addresses the needs of up to 41% of patients with astigmatism, as only 10% currently wear toric lenses. The lenses aim to improve retention rates among new users by tackling common issues like poor vision and comfort. Alcon emphasizes its commitment to eye care and enhancing the lens-wearing experience.

Positive

• Launch of PRECISION1 lenses using SMARTSURFACE Technology.
• Addresses significant market gap with PRECISION1 for Astigmatism.
• Potential to attract new contact lens wearers.
• Focus on improving retention rates among new wearers.

Negative

• None.

• PRECISION1 is the first mainstream daily disposable contact lens to use SMARTSURFACE Technology to deliver lasting visual performance and comfort¹
• Available in Europe, PRECISION1 for Astigmatism features the proven PRECISION BALANCE 8|4 lens design for a stable contact lens-wearing experience²

 

GENEVA--(BUSINESS WIRE)-- Alcon (SIX/NYSE: ALC), the global leader in eye care dedicated to helping people see brilliantly, continues its successful rollout of PRECISION1^TM. The spherical lens is now available in key markets throughout Latin America and Asia, and PRECISION1 for Astigmatism is available in markets throughout Europe. PRECISION1 for Astigmatism and PRECISION1 sphere are also available throughout North America.

PRECISION1 contact lenses are designed to address the common reasons why 20% of new wearers drop out in the first three weeks: poor vision, poor comfort and handling issues.³ The lenses provide precise vision, long-lasting comfort and ease of handling to allow new wearers,¹ especially those with long busy days, an exceptional lens-wearing experience.

Inspired from the water gradient lens material in DAILIES TOTAL1^®, PRECISION1 is the first-and-only contact lens with Alcon’s proprietary SMARTSURFACE^® Technology. This features a permanent, micro-thin, high-performance layer of moisture at the lens surface that helps support a stable tear film.⁴

A stable tear film is vital to visual performance and comfort, especially for contact lens wearers.⁵

“Reinforcing our mission to help people see brilliantly, we are proud of the PRECISION1 contact lens launch, designed for people with an on-the-go lifestyle, in many markets across the globe,” said Antoine Delgrange, Alcon Vice President for Vision Care International Marketing. “We understand the consumer journey can be challenging; so, as an added benefit, we are offering the opportunity for our customers to provide their new lens wearers with an exclusive activation program to make their introduction to contact lenses easy and enjoyable. The program includes resources to increase consumer confidence with their new lenses.”

“I think of PRECISION1 as the contact lens of the future. It’s so comfortable to wear and easy to fit that the wearing experience amazes my patients,” said Dr. Teodoro Tarud, optician and owner of Centro Óptico de la Costa, Columbia.*

The launch of PRECISION1 for Astigmatism provides a significant opportunity to attract new contact lens wearers. Studies show that 41% of patients have astigmatism that needs correction,⁶ but only 10% wear toric contact lenses.⁷ "Our patients love the comfort of PRECISION1! This is the best launch I have ever seen. We can fit more patient types now that toric and minus lenses are available," said Fiona Kavanagh, owner and optician at Jennings Opticians, Ireland.^**

“We are committed to providing eye care professionals (ECPs) with a comprehensive portfolio of lens-wearing options based on the specific needs of their patients,” said Cheryl Donnelly, International Head of Professional Affairs at Alcon. “Now, with PRECISION1 and PRECISION1 for Astigmatism, ECPs and optical retailers can offer more lens wearers a next-generation contact lens with exceptional all-day performance.”

For more information, visit PRECISION1® One-Day Contact Lenses | PRECISION1® (myalcon.com)

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “commitment,” “look forward,” “maintain,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties and risks that are difficult to predict. Some of these factors are discussed in our filings with the United States Securities and Exchange Commission, including our Form 20-F. In particular, our expectations could be affected by uncertainties regarding the success of our separation and spin-off from Novartis. Should one or more of these uncertainties or risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated. Therefore, you should not rely on any of these forward-looking statements.

Forward-looking statements in this press release speak only as of the date of its filing, and we assume no obligation to update forward-looking statements as a result of new information, future events or otherwise.

About Alcon

Alcon helps people see brilliantly. As the global leader in eye care with a heritage spanning more than seven decades, we offer the broadest portfolio of products to enhance sight and improve people’s lives. Our Surgical and Vision Care products touch the lives of more than 260 million people in over 140 countries each year living with conditions like cataracts, glaucoma, retinal diseases and refractive errors. Our more than 23,000 associates are enhancing the quality of life through innovative products, partnerships with eye care professionals and programs that advance access to quality eye care. Learn more at www.alcon.com.

* Teodoro Tarud is a paid Alcon consultant.

** Fiona Kavanagh is a paid Alcon consultant.

References

1. Grant T, Tang A. A Survey of contact lens wearers and eye care professionals on satisfaction with a new smartsurface silicone hydrogel daily disposable contact lens. Clin Optom 2020;12:9–15.
2. In a clinical study, wherein subjects were fitted with PRECISION1 for Astigmatism contact lenses (N=78 eyes); Alcon data on file, 2020.
3. Sulley A, Young G, Hunt C, et al. Retention rates in new contact lens wearers. Eye & Contact Lens. 2018;44:S273-S282.
4. In vitro analysis of verofilcon A contact lenses for surface properties; Alcon data on file 2019.
5. Craig JP, Willcox MDP, Argueso P, et al. The TFOS international workshop on contact lens discomfort: Report of the contact lens interactions with tear film subcommittee. Invest Ophthalmol Vis Sci. 2013; 54:TFOS123-TFOS156.
6. Luensmann D, Schaeffer J, Rumney N, et al. Spectacle prescriptions review to determine prevalence of ametropia and coverage of frequent replacement soft toric contact lenses. Contact Lens and Anterior Eye; 2018; 41 (5); 412-420.
7. Multi-Sponsor Surveys 2014 Gallup target market report.

    

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Media Relations

Bree Bovay

+ 41 76 469 2770 (Geneva)

globalmedia.relations@alcon.com

Investor Relations

Karen King

Allen Trang

+ 41 589 112 110 (Geneva)

+ 1 817 615 2789 (Fort Worth)

investor.relations@alcon.com

Source: Alcon Inc. Corporate

FAQ

What is the significance of Alcon's PRECISION1 contact lenses?

PRECISION1 is the first daily disposable lens utilizing SMARTSURFACE Technology, providing enhanced visual performance and comfort.

Where is PRECISION1 for Astigmatism available?

PRECISION1 for Astigmatism is available in Europe, North America, and select markets in Latin America and Asia.

What market needs does PRECISION1 address?

It addresses the needs of patients with astigmatism, where only 10% currently wear toric lenses, despite 41% needing correction.

How does PRECISION1 aim to improve user retention?

It tackles common reasons for dropouts, such as poor vision and comfort, to enhance the lens-wearing experience.

What technology is used in PRECISION1 lenses?

PRECISION1 lenses feature Alcon's proprietary SMARTSURFACE Technology for a stable tear film and lasting comfort.