July 07, 2009
Company News
Caraco Pharmaceutical Laboratories reduced its workforce by approximately 350 employees, after FDA seized much of its inventory, based on manufacturing defects. The 350 layoffs represent a little over half of the company's entire work force, reportedly 670 employees prior to the layoffs.
French ophthalmic optical products manufacturer Essilor acquired Barnet & Ramel Optical, Apex Optical, ABBA Optical and Vision Pointe Optical in the US, as well as a majority stake in OptiSource International. The company is also extending its reach in Europe and the Middle East, acquiring De Ceunynck in Belgum, and Amico in Dubai.
French ophthalmic optical products manufacturer Essilor acquired Barnet & Ramel Optical, Apex Optical, ABBA Optical and Vision Pointe Optical in the US, as well as a majority stake in OptiSource International. The company is also extending its reach in Europe and the Middle East, acquiring De Ceunynck in Belgum, and Amico in Dubai.
