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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 Companies Inc. (NYSE:BHC) partners with the Colorectal Cancer Alliance to enhance awareness and access to colorectal cancer screenings in Philadelphia. This initiative, launching in May, targets communities with significant health disparities. Salix Pharmaceuticals, a subsidiary, will provide its bowel preparation product to individuals requiring colonoscopies, essential for early cancer detection. With colorectal cancer's 90% survival rate if detected early, this partnership aims to address socioeconomic inequities that hinder screening access. Colorectal cancer remains a leading cause of cancer deaths in the U.S., with 106,970 estimated new colon cancer cases in 2023. Salix’s commitment signifies a proactive approach to public health and cancer prevention.
Bausch Health Companies (NYSE:BHC) will release its first-quarter financial results on May 4, 2023, at 8:00 a.m. U.S. EDT.
A conference call and live webcast will follow the results announcement, where the company will discuss its business updates. All relevant materials will be provided on the Investor Relations section of Bausch Health's website prior to the call.
Participants can register for the live Q&A session to receive a PIN before the call. The company, committed to enhancing global health, develops products primarily in fields like gastroenterology, neurology, and eye health.
Bausch Health Companies Inc. (TSX:BHC)(NYSE:BHC) announced the retirement of board members Richard De Schutter and Dr. Argeris Karabelas, effective at the upcoming 2023 annual shareholder meeting. With their departure, the board size will reduce to 10 members. Chairperson John A. Paulson expressed gratitude for their contributions. The board's committee structure has been refreshed, details of which are available on the company's website. Bausch Health continues its mission to enhance lives through healthcare products across various sectors, including gastroenterology and eye health.
Bausch Health reported fourth-quarter revenues of $2.2 billion for 2022, flat compared to 2021 but up 4% organically. Full-year revenues were $8.1 billion, down 4% from 2021, but up 2% organically. The company reduced debt by $464 million in Q4 2022 and $3.2 billion since Bausch + Lomb's IPO. Operating loss for Q4 was $236 million due to a goodwill impairment charge. However, net loss for the year improved to $225 million from $948 million in 2021. Bausch Health forecasts 2023 revenues (excl. B+L) between $4.45 and $4.6 billion.
KBRA's fourth-quarter 2022 U.S. Bank Compendium offers insights into the U.S. banking sector, analyzing performance metrics and credit quality indicators for banks under KBRA's long-term ratings. The report highlights loan quality, loss absorption capacity, and key trends affecting bank performance amidst a low problem loan environment. It also details the top 10 banks with lowest cost deposit franchises and significant changes in financial ratios. Additionally, the Compendium features a quarterly ESG Bulletin, and a supplement with 158 debt issues from rated banks.
Bausch Health (NYSE/TSX:BHC) announced the opening of the 2023 Salix Gastrointestinal Health Scholars Program, offering scholarships of up to $10,000 to 10 students living with gastrointestinal (GI) diseases. This initiative, now in its fourth year, aims to support students in pursuing higher education. Applicants can apply until May 15, 2023, and must submit essays detailing their experiences with GI conditions. The program comprises various categories, including awards for undergraduate and graduate students, as well as scholarships for working and single parents. Recipients will be notified in summer 2023.
Bausch Health Companies Inc. (BHC) is set to announce its fourth-quarter and full-year financial results on February 23, 2023. The announcement will be followed by a conference call at 8:00 a.m. U.S. EST to discuss the results and provide a business update. Investors can access all related materials on the Investor Relations section of the Bausch Health website. A replay of the call will also be available there. Bausch Health operates globally, specializing in various pharmaceutical sectors, including gastroenterology, neurology, and eye health.
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