if VTI get wrapped up in a global distribution deal with Johnson and Johnson look out for 10 bags +
$33m market cap / $23m cash and $10m revenue
“The collaboration is part of a broader commitment from Johnson & Johnson Vision to lead with science and help reshape the future of myopia – and bring forward a novel portfolio of products and services to manage the progression of myopia in children.”
Alright kids. Hold onto your hats... in this Johnson and Johnson announcement four weeks ago they enter into a GLOBAL distribution deal with Menicon for menicons myopia lens range
Menicon bloom day myopia lenses are white labelled from VTI.
I find it strange there has been no market announcement on this given the strategic importance. It’s possible it’s focused initially on the Menicon night time range but the tie up can only be good for VTI and presume there is a very strong possibility could include bloom day also or in the future.
