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Bausch + Lomb Corporation (BLCO) is a globally recognized leader in the field of eye health, offering comprehensive solutions across three primary business segments: vision care, surgical, and ophthalmic pharmaceuticals. With a history spanning over a century, the company has cemented its reputation as a trusted provider of innovative products and services that address a wide range of eye care needs.
Core Business Segments
Vision Care
The vision care segment encompasses two primary categories: contact lenses and ocular health products. Bausch + Lomb holds a significant share of the global contact lens market, offering a diverse range of lenses tailored to different vision correction needs, including daily disposables, extended-wear lenses, and specialty lenses for astigmatism and presbyopia. Its ocular health products include over-the-counter solutions such as Biotrue and Lumify, which cater to dry eye relief, redness reduction, and overall eye health maintenance.
Surgical
The surgical segment focuses on advanced technologies and equipment designed for ophthalmic procedures. This includes a comprehensive suite of intraocular lenses (IOLs), instruments for cataract and vitreoretinal surgeries, and cutting-edge surgical systems. These solutions are widely used by ophthalmologists to improve patient outcomes in complex eye surgeries, reinforcing Bausch + Lomb's role as a key player in the surgical eye care market.
Ophthalmic Pharmaceuticals
Bausch + Lomb's ophthalmic pharmaceuticals segment features a diverse portfolio of prescription medications that address various eye conditions, including glaucoma, inflammation, and retinal diseases. Notable products include treatments such as Xipere, Vyzulta, and Lotemax. With over 100 prescription eye care products, the company offers one of the most extensive pharmaceutical portfolios in the industry, meeting the needs of both patients and healthcare professionals.
Market Position and Competitive Landscape
Bausch + Lomb operates in the highly competitive eye health and medical device industry, where innovation and trust are paramount. Its competitors include prominent players like Alcon and CooperVision, among others. The company's differentiation lies in its extensive product offerings, longstanding reputation, and commitment to advancing eye care through research and development. By addressing a wide spectrum of eye health needs, Bausch + Lomb has positioned itself as a comprehensive provider in the global market.
Challenges and Opportunities
Operating in a regulated industry, Bausch + Lomb faces challenges such as stringent compliance requirements, pricing pressures, and the need for continuous innovation to stay competitive. However, the company also benefits from opportunities in emerging markets, increasing prevalence of eye conditions, and growing demand for advanced surgical solutions and pharmaceutical treatments. Its ability to adapt to market dynamics and invest in cutting-edge technologies underscores its resilience and growth potential.
Commitment to Eye Health
Bausch + Lomb's mission is deeply rooted in improving lives through better vision. Its investments in research and development, coupled with a focus on quality and safety, reflect its dedication to delivering products that enhance eye health worldwide. As a publicly traded company, Bausch + Lomb continues to build on its legacy of innovation and trust, serving the needs of patients, healthcare providers, and partners across the globe.
Bausch + Lomb (NYSE/TSX: BLCO) has announced that its innovative recycling programs, ONE by ONE and Biotrue Eye Care, have successfully collected over 58 million units (approximately 356,723 pounds) of used contact lenses and related materials since their inception. This effort, in collaboration with TerraCycle, helps reduce environmental pollution caused by non-biodegradable plastics in the U.S. The ONE by ONE program has been active since November 2016, while the Biotrue program began in April 2021. These initiatives highlight Bausch + Lomb's commitment to sustainability.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) will participate in the 5th Annual Evercore ISI HealthCONx Conference on November 30, 2022, at 9:40 a.m. ET. The event will feature CEO Joseph C. Papa and CFO Sam Eldessouky. A webcast of the presentation will be available on the company's Investor Relations page.
Founded in 1853, Bausch + Lomb is a global leader in eye health, offering over 400 products, including contact lenses and ophthalmic pharmaceuticals. The company is headquartered in Vaughan, Ontario, with a significant global presence.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) reported third-quarter 2022 revenues of $942 million, a 1% decline year-over-year, impacted by $55 million in foreign exchange losses. Adjusted EBITDA was $187 million, down from $207 million in 2021. The net loss attributable to the company was $18 million, compared to a net income of $60 million the previous year. Despite challenges, organic revenue grew 5%, driven by strong performance in all segments. The company revised its full-year 2022 guidance due to currency headwinds, with revised revenues expected between $3.70 billion and $3.75 billion.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) has launched Project Watson, a new line of health care products for dogs in the U.S., aimed at enhancing their eye, ear, and overall wellbeing. Developed in collaboration with veterinarians, products include eye wash, eyelid wipes, ear wash, ear wipes, and health supplements targeting eye health and general health. The rollout begins in November 2022 at major retailers like Chewy and Walmart, contributing to Bausch + Lomb's longstanding commitment to pet care and addressing unmet health needs in pets.
Bausch + Lomb Corporation (BLCO) announced its participation in the American Academy of Optometry meeting from Oct. 26-29, 2022, in San Diego. The company will present four scientific posters highlighting its Biotrue Hydration Plus Multi-Purpose Solution, which offers enhanced moisture for contact lens wearers. CEO Joseph C. Papa emphasized the solution's benefits for eye care professionals and patients. Additionally, Bausch + Lomb will sponsor nine educational events focusing on various eye health topics, including dry eye disease and the latest clinical data.
Bausch + Lomb (NYSE/TSX: BLCO) will announce its third-quarter 2022 financial results on November 2, 2022, at 8:00 a.m. ET. A conference call and live webcast will follow, providing insights and updates on the company's performance. Interested parties can access the webcast on the company's website. Bausch + Lomb, a global leader in eye health with over 400 products, continues to focus on enhancing vision care and maintaining a strong market presence in nearly 100 countries.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) has launched an enhanced version of its Ocuvite Adult 50+ eye vitamin, now featuring 30 micrograms of vitamin D. This antioxidant aims to support healthy cell function and protect eye health, especially as aging can weaken the eyes’ natural defenses against daily stressors like screens and sunlight. The new formulation will replace the existing Ocuvite Adult 50+ and will be available in stores from October 2022 at a retail price of $12.85 for a 50-count bottle.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) announces participation at the World Cornea Congress VIII on September 28-29, 2022, in Chicago. Key presentations include one podium and two poster presentations showcasing pivotal findings from Phase 3 trials of the investigational treatment NOV03 (perfluorohexyloctane) and data from its ARMOR surveillance study, which monitors antibiotic resistance among ocular pathogens. The FDA has recently accepted Bausch + Lomb's New Drug Application for NOV03, indicating progress in their clinical development program.
Bausch + Lomb will present seven scientific podium and poster presentations at the American Academy of Ophthalmology (AAO) annual meeting in Chicago, scheduled from September 30 to October 3, 2022. Key presentations will focus on investigational treatment NOV03 for dry eye disease, a biosimilar candidate to Lucentis, and other products. The company will sponsor two educational events discussing dry eye disease, a condition affecting approximately 18 million Americans. This marks Bausch + Lomb's first participation as a publicly traded company.
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