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Bausch Health Companies Inc. (NYSE/TSX: BHC) is a global leader in the pharmaceutical, medical device, and over-the-counter product industries, primarily focusing on the therapeutic areas of eye health, gastroenterology, and dermatology. The company is dedicated to advancing global health through innovation and efficient healthcare solutions.
With approximately 22,000 employees worldwide, Bausch Health operates in around 100 countries. The company's core business is organized into five segments: Salix Pharmaceuticals, International, Solta Medical, Diversified Products, and Bausch + Lomb, with the Bausch + Lomb segment generating the highest revenue. Bausch Health consistently delivers on its commitments to quality health care outcomes and customer focus.
Recent achievements include significant progress in the development of Amiselimod, a promising new treatment for ulcerative colitis, and the expansion of public drug plan listings for UCERIS® (budesonide) aerosol foam in multiple Canadian provinces. Additionally, Bausch Health has launched an awareness campaign for XIFAXAN®, an FDA-approved medication for reducing the risk of overt hepatic encephalopathy recurrence.
Financially, Bausch Health reported strong performance in the first quarter of 2024, with revenues of $2.15 billion, marking a 11% increase compared to the prior year. The company continues to strengthen its balance sheet while advancing its R&D pipeline and executing commercial strategies for global growth.
Bausch Health remains focused on protecting its intellectual property, as evidenced by recent litigation efforts to defend the XIFAXAN® franchise. The company is also committed to fostering partnerships and collaborations to enhance its product offerings and reach.
For more information, visit www.bauschhealth.com.
Bausch Health (BHC) reported strong Q3 2024 results with consolidated revenues of $2.51 billion, up 12% year-over-year, marking the sixth consecutive quarter of growth. The company achieved organic revenue growth of 9%, with all segments showing positive performance. Despite a GAAP net loss of $85 million, Adjusted EBITDA increased 10% to $909 million. Notable segment performances included Bausch + Lomb (+19%), Solta Medical (+35%), and Salix (+5%). Based on these results, BHC raised its full-year 2024 guidance, projecting revenues between $9.500-$9.675 billion and Adjusted EBITDA of $3.275-$3.375 billion.
Bausch Health announced upcoming presentations at the American College of Gastroenterology 2024 Annual Scientific Meeting, featuring key analyses of Xifaxan and Plenvu. The main highlight is a Presidential Plenary presentation comparing Xifaxan monotherapy to lactulose monotherapy in reducing overt hepatic encephalopathy (OHE) recurrence and mortality. Additional research includes data on Xifaxan's impact on OHE rehospitalizations in commercial and Medicare patients, and Plenvu's efficacy as a bowel preparation medication in patients with comorbid conditions or taking medications affecting bowel prep quality.
Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) has announced that it will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024. The company will host a conference call and live webcast at 5:00 p.m. U.S. EST to discuss the results and provide a business update.
All materials related to the financial results will be made available on the Investor Relations section of the Bausch Health website prior to the start of the call. Interested parties can access the webcast through the company's website. A replay of the conference call will also be available on the investor relations website for those unable to attend the live event.
To participate in the live Q&A session, individuals must register using a provided link to receive confirmation and further details via email.
Bausch Health and Salix have released the Liver Health Trends Report in Action, highlighting the urgent need for improved understanding of liver disease across healthcare providers. The report reveals that care for chronic liver disease (CLD) patients is increasingly falling on non-specialists who require better education and support.
Key findings include:
- Approximately 4.5 million U.S. adults are diagnosed with CLD, which can lead to cirrhosis
- CLD is the tenth leading cause of death in the U.S., with mortality projected to nearly triple by 2030
- People with cirrhosis have nearly double the post-emergency department visit mortality rate compared to chronic heart failure patients
The report calls for holistic, multi-disciplinary treatment approaches, consistent use of non-invasive screening tools, and better education to identify at-risk patients sooner. It also emphasizes the need for broader adoption of user-friendly guidelines, investment in community-based care resources, and increased awareness of screening guidelines for metabolic dysfunction-associated steatotic liver disease (MASLD).
Health Canada has approved CABTREO, a new triple-combination topical treatment for acne vulgaris in patients 12 years and older. Developed by Bausch Health (NYSE:BHC, TSX:BHC), CABTREO is the first and only triple-combination topical acne treatment approved in Canada, combining an antibiotic (clindamycin phosphate), a retinoid (adapalene), and an antibacterial agent (benzoyl peroxide). The once-daily gel has shown significant success in reducing both inflammatory and non-inflammatory acne lesions. CABTREO will be available in Canadian pharmacies in Q4 2024, offering a new option for millions of Canadians affected by acne.
Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) and its gastroenterology business, Salix Pharmaceuticals, have announced the recipients of the 2024 Salix Gastrointestinal Health Scholars Program. For the fifth consecutive year, 10 students living with GI diseases will each receive a $10,000 scholarship to support their higher education. The awardees were selected from over 275 applications across four categories: Undergraduate Scholar Awards, Graduate Scholar Awards, Single Parent's Scholar Award, and Working Parent's Scholar Award.
The program aims to assist students who balance their academic pursuits with GI challenges. Applicants submitted essays describing their experiences and the role of their healthcare providers in their educational journey. An independent panel of judges reviewed all applications.
Bausch Health (NYSE:BHC) reported strong Q2 2024 results, with consolidated revenues of $2.40 billion, up 11% on a reported basis and 8% organically. The company achieved a GAAP Net Income of $10 million and Adjusted EBITDA of $798 million, up 10%. Key highlights include:
- Xifaxan® revenues grew 10% in the Salix segment
- International segment revenues increased 7%, with strong growth in Canada and Latin America
- Solta Medical segment revenues rose 16%, driven by growth in Asia-Pacific
- Bausch + Lomb segment revenues increased 17%, with organic growth across all business units
The company has raised its full-year Revenue and Adjusted EBITDA guidance. Bausch Health continues to focus on advancing its R&D pipeline, strengthening its balance sheet, and executing commercial strategies for global growth.
Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) has responded to market rumors circulating in a news article by Reorg®. The company categorically denies considering any form of bankruptcy or insolvency proceedings, contrary to the unsubstantiated claims made in the initial report. Reorg® has since updated its article to clarify that Bausch Health has not engaged in discussions with creditors regarding bankruptcy. The company maintains its policy of not commenting further on speculation, emphasizing the importance of relying on official company statements for accurate information about its financial status and future plans.
Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) has announced two new additions to its Executive Leadership Team. Jean-Jacques Charhon will join as Chief Financial Officer on August 19, 2024, bringing over 25 years of financial leadership experience from companies like General Electric, Hewlett Packard, Novartis, and Purdue Pharma. Aimee Lenar joined on July 15, 2024, as Executive Vice President, US Pharma, overseeing Salix Pharmaceuticals, Neurology, Generics, Market Access, and Commercial Operations. Lenar has over 20 years of pharmaceutical industry experience, most recently at Galderma.
CEO Thomas J. Appio expressed confidence that these appointments will drive the company's transformation towards becoming a globally integrated and innovative healthcare company. John Barresi, who served as Interim CFO, will resume his role as SVP, Controller.
Bausch Health Companies (NYSE:BHC, TSX:BHC) will announce its second quarter 2024 financial results on August 1, 2024. The company will hold a conference call and live webcast at 8:00 a.m. U.S. EST on the same day to discuss the results and provide a business update. All related materials will be available on the Investor Relations section of Bausch Health's website before the call begins. A replay of the conference call will be accessible on the investor relations website. Interested participants can register for the live Q&A session via a provided link.
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