Welcome to our dedicated page for Bausch Health Companies news (Ticker: BHC), a resource for investors and traders seeking the latest updates and insights on Bausch Health Companies stock.
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 Companies Inc. (NYSE/TSX: BHC) endorses the new K76.82 ICD-10 code for hepatic encephalopathy (HE) launched by CMS, coinciding with Liver Awareness Month. This code aims to improve identification of patients with advanced liver disease, where readmission rates indicate a 20% 1-year mortality. Salix Pharmaceuticals, a subsidiary, has developed a digital toolkit to help healthcare providers adopt the new code. The prevalence of liver conditions, exacerbated by COVID-19, underscores the need for improved clinical documentation and patient care options.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced the expiration and final results of its Exchange Offers and Consent Solicitations for senior notes. As of the expiration on September 27, 2022, over $5.59 billion of Existing Senior Notes were validly tendered. Around $3.125 billion of New Secured Notes will be issued, including $1.774 billion in new 11.00% First Lien Secured Notes due 2028. The company received consents for Proposed Amendments related to several senior notes, allowing it to move forward with supplemental indentures.
Kimball Electronics (Nasdaq: KE) expanded its Board of Directors by appointing Tom Vadaketh as a new director effective
Bausch Health Companies Inc. (NYSE/TSX: BHC) reported on September 14, 2022, the results of its Exchange Offers to exchange existing senior notes valued at up to $4 billion for new secured notes. As of September 13, 2022, holders had tendered approximately $5,577,725,000 in existing notes. The exchange is expected to result in approximately $3,119 million in new secured notes, comprising new first and second lien notes. The Offers will expire on September 27, 2022.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced the FDA's tentative approval of Norwich Pharmaceuticals' rifaximin 200 mg product, classified under a Paragraph III filing. The approval will not lead to full authorization until July 24, 2029, when the last of Bausch's patents for XIFAXAN expires. Currently, XIFAXAN contributes less than 1% of Salix's revenues. XIFAXAN is used to treat travelers' diarrhea and has additional indications for major gastrointestinal conditions.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced clarifications regarding its Exchange Offers to exchange existing senior notes for new secured notes. Key points include that Eligible Holders waiving rights related to the exchanged notes and retaining rights under unsold notes. The Offers are exclusively for specific eligible investors, including non-U.S. persons and qualified institutional buyers. All other terms of the Offers remain unchanged. Interested Eligible Holders are encouraged to consult the Exchange Offer Memorandum for full details.
Bausch Health Companies announced the commencement of Exchange Offers to exchange existing senior notes for new secured notes totaling up to $4 billion. The new notes include $2.5 billion in 11% First Lien Secured Notes due 2028 and $500 million in 14% Second Lien Secured Notes due 2030. A support agreement has been signed by holders representing 22.8% of existing notes. The offers will expire on September 27, 2022, with an early tender deadline on September 13, 2022. Investors should assess the details in the Exchange Offer Memorandum.
Bausch Health Companies Inc. (NYSE/TSX: BHC) has transferred approximately 38.6% of its issued shares in Bausch + Lomb Corporation to a wholly-owned unrestricted subsidiary. The Company retains 50.1% of Bausch + Lomb, maintaining an overall 88.7% ownership. This transfer aligns with Bausch Health's plan for the separation of Bausch + Lomb, providing strategic flexibility while evaluating options. The separation is subject to lockup expirations, debt leverage ratios, and necessary approvals.
KBRA has released its latest U.S. Bank Compendium, analyzing the 2Q22 results for U.S. banks rated by KBRA amidst rising interest rates. The report discusses how banks are adjusting to these changes and potential impacts on profitability amid economic uncertainty. Key performance metrics, including credit ratios and returns on assets, are highlighted. The Compendium also provides a quarterly ESG Bulletin featuring Univest Financial Corporation (NASDAQ: UVSP) along with summaries of all publicly traded banks in KBRA's rated universe.
Bausch Health Companies (NYSE/TSX: BHC) announced that the U.S. District Court in Delaware upheld certain patents for XIFAXAN® (rifaximin) 550 mg while invalidating others. The company plans to appeal this decision, with expectations for the appeal to conclude in 12 to 18 months. Currently, Norwich Pharmaceuticals cannot launch a generic version of XIFAXAN until it receives FDA approval for a revised application that excludes the XIFAXAN HE indication. XIFAXAN is indicated for treating IBS-D and preventing hepatic encephalopathy recurrence.
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