Eye-Care Recall Reverberates on Wall Street

Product problem seen influencing bids for Bausch & Lomb
By Marie Morris,  Newser Staff
Posted May 29, 2007 1:24 PM CDT
Eye-Care Recall Reverberates on Wall Street
'   (Advanced Medical Optics)

In the wake of reports linking its Complete MoisturePlus contact lens solution to a rare eye infection that can lead to blindness, Advanced Medical Optics has recalled the product. Competitor Bausch & Lomb's stock price dropped on the news, since the recall may put AMO's plans to enter the bidding war for B&L in jeopardy.

A CDC investigation disclosed Friday linked the solution to the infection. The problem appears to be an agent the solution fails to protect against, an ophthalmologist told CBS News, rather than contamination of the product itself. The infection is not related to the fungus that forced Bausch & Lomb to withdraw its ReNu with MoistureLoc solution from the market last year. (Read more contact lenses stories.)

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