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July 2020 StatsCan Report Shows Slowing Bounce-Back

While June 2020 retail sales (unadjusted) showed considerable upside compared to the previous month, the rate of the bounce-back has slowed considerably with the release of JULY 2020 Retail sales by StatsCan. 

From the APRIL low of $43.6 M, May retail sales increased 35.8% and June increased 19.0% over May. July numbers however are a stark reminder that full recovery of economic activity may not yet be in the cards.  July retail sales reached $57.2 M a mere 1.7% increase.   

Source:  StatsCan retail trade sales by Province and Territory

Looking for good news, the July 2020 result  did post 4.5% higher than July 2019.

Taking a sector-specific view July 2020 Canadian Health and Personal Care(H&PC)  retail sales show a similar trend to that of all retail sales.

June H&PC sales showed a strong bounce back of 10% from May, but the July sales rebound, while still positive, was only up 1.5% compared to the prior month. 

H&PC retail category is a broad swath of personal care retail operations that includes pharmacies and  optical stores but excludes mass merchandisers and private optometry clinics. As such, the H&PC retail category might not be an exact benchmark for individual practices.

Not all regions across the country shared equally in the relatively positive numbers. 

Source:  StatsCan retail trade sales by Province and Territory

British Columbia and Quebec lead the way with +5.5% and +4.2% month over month sales growth respectively while Ontario and Man-Sask showed declines of 1.3% and 2.6% respectively in July.

Health Canada Approves First Sight-Restoring Gene Therapy for Inherited Eye Diseases

On October 14, 2020, Health Canada announced their approval of the first sight-restoring innovative treatment voretigene neparvovec (Brand name: Luxturna). This announcement is the first targeted gene therapy approved in Canada for any disease. This treatment is specifically for individuals with the inherited blinding eye diseases retinitis pigmentosa (RP) or Leber congenital amaurosis (LCA) resulting from mutations in the RPE65 gene that leads to vision loss and eventually blindness.

“Lives will be transformed in Canada because of approval of this research-delivered groundbreaking treatment. For the first time, it means we have a treatment option – bringing hope to families affected by genetic mutations causing blindness and to everyone in the vision loss community.” says Doug Earle, President & CEO, Fighting Blindness Canada.  

For families like the Gandhi’s, the approval of this treatment has been years in the waiting. Sophia Gandhi, mother of Zara, 10 years old born with blindness due to LCA from the RPE65 gene mutation says, “Zara was diagnosed with blindness at 6 months old. We had great doctors, but treatment options were not available to help improve Zara’s limited sight. When we learned about Luxturna many years ago, we knew one day it must and would come to Canada (…).”

Dr. Elise Héon a clinician-scientist in the field of ocular genetics with The Hospital for Sick Children in Toronto, and Zara’s eye doctor says, “This milestone approval of Luxturna is a significant step forward in the treatment of inherited blinding eye diseases. Until now, patients like Zara had no treatment options and the progression towards complete blindness was inevitable. These families now have hope with the promise of a one-time treatment option that can improve or restore vision, especially night vision.” The Hospital for Sick Children will be one of the sites for this treatment in Canada.

While this treatment has been approved by Health Canada, families are awaiting recommendations from Canadian Agency for Drugs and Technologies In Health (CADTH) and the Institut national d’excellence en santé et en services sociaux (INESSS) for coverage in provincial drug benefit programs later this fall.

Earle adds, “People with vision loss due to the RPE65 mutation for the first time in history have a chance for improved vision. And now, it’s the provincial governments turn. Health Canada’s approval of the treatment will not mean much if Canadian families can’t afford to access it. We are calling on the provinces to fund this groundbreaking treatment for Canadian families in need.”

“Fighting Blindness Canada urges all eye health practitioners to encourage their patients and families to continue supporting the science by getting their genetic testing done. Genetic testing will identify if they can be treated now and help advance research of all inherited blinding eye diseases.” says Doug Earle. “Please visit FightingBlindness.ca to obtain a step by step guide of how to get genetic testing done in your province.”

Click HERE for the full press release.

HOYA Wins Prestigious Silmo d’Or Award in Paris

HOYA Vision Care announces that its MiYOSMART lens has won the Silmo d’Or Award in the Vision category at the recent SILMO Paris Optical Fair. The spectacle lens was developed to address and manage myopia in children through years of partnership with the Hong Kong Polytechnic University and launched in Hong Kong and the Peoples Republic of China in 2018.

The MiYOSMART lens, an easy to use, non-invasive treatment to control myopia, has been shown to slow the progress on average by 60% based on results from a two-year clinical trial published in the British Journal of Ophthalmology.

“Innovation and collaboration to bring the best solutions to Eye Care Professionals and their patients is at the core of HOYA Vision Care’s mission,” says Alexandre Montague, CEO HOYA Vision Care. “It is an honour to be recognized by our peers receiving the Silmo d’Or Award for our ground-breaking MiYOSMART lens which is successfully managing and controlling myopia in children.”

After launching MiYOSMART in several Asian markets, Canada – as reported by Optik NOW in July 2020 – and Australia, HOYA Vision Care began the roll out of the MiYOSMART lens in Europe in 2020, starting in France.

MiYOSMART has not been approved for use in the treatment of Myopia in all countries, including the U.S., and is not currently available for sale in all countries, including the U.S.

Click HERE for the full press release.

MIDO 2021 Set for June to Ensure Peak International Business Opportunities

MIDO 2021 drops its traditional February dates to schedule a June show to ensure an exhibition offering peak international traffic potential and profitable business transactions to exhibitors and visitors. The new dates are June 5 to June 7, 2021 at Fiera Milano.

The hope is that the arrival of summer will make for safer travel between countries, confirming MIDO as a pivotal force behind the industry’s business activities.

“Considering that more than half of the exhibitors and visitors typically come from 160 countries around the world – stated Mido president, Giovanni Vitaloni – it seems fairly clear that an international trade show scheduled prior to June could put their participation at risk. Therefore, MIDO 2021 in June is the best choice to get us back to our mission – to organize and maximize the opportunities for international trade, bringing new luster and vitality to this key sector.

We have no doubt – concluded Vitaloni – that our Italian and international visitors will appreciate the opportunity to visit Milan while the weather is fine and we reaffirm our intention to celebrate MIDO’s 50th anniversary in an atmosphere of regained peace of mind.”

Click HERE for the full press release.

Canadian Tire Makes Long-Term Donation of Smartphones

The CNIB Foundation has announced a new ongoing commitment from Canadian Tire Corporation (CTC) to support Canadians with sight loss through its Phone It Forward program.

The Phone It Forward program takes modern, gently used smartphones, refurbishes them, outfits them with accessible apps, and puts them directly into the hands of Canadians who are living with sight loss. Recipients are also provided with training on how to use their refurbished phones with confidence.

“From being able to recognize the faces of loved ones, to accessing emergency assistance from sighted volunteers, to being able to travel safely and independently using accessible navigation apps, modern smartphones can be truly life-changing for people with sight loss,” said John M. Rafferty, President and CEO of the CNIB Foundation.

CTC, which has supported a wide variety of CNIB Foundation programs and initiatives since the early 2000s, has pledged to provide an ongoing donation of corporate smartphones. 

Despite how life-changing smartphones can be for people with sight loss, 46% of Canadians who are blind don’t own a smartphone – at least not one that’s advanced enough to help them in their daily lives. The Phone It Forward program helps get an all-in-one communications and accessibility solution into the hands of Canadians with sight loss, helping to reduce barriers and drive independence.

Click HERE for the full press release.

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