Bausch and Lomb chief details growth plans
17 October 2011 00:00 in Medical Company Restructures
Bausch and Lomb's chief executive officer Brent Saunders has outlined plans to build on the company's foundations for growth in the coming years.
In an interview with Reuters, the business leader said the company in considering "virtually every opportunity" to expand, both through partnerships and via a planned initial public offering.
"We clearly have an aspiration to come back to the public market over the next couple of years," he said.
Mr Saunders said the firm has an advantage over its competitors due to its sole focus on and dedication to the field of eye health, which allows it to develop innovative products such as a "unique" lens material planned for launch next year.
The chief executive also noted the company's expanded hiring policy in developing markets as a driver of growth, as well as its streamlining initiatives in recent years.
This comes after a number of products launched in the last few weeks, including the lens offerings PureVision2 For Astigmatism and enVista.
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Story collated for Zenopa by the Axonn News Agency