Bausch Health Companies Inc Stock Price, News & Analysis

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.

Bausch Health Companies (NYSE/TSX:BHC) announced a favorable ruling from the US District Court for the District of New Jersey regarding its products DUOBRII and BRYHALI. The court upheld the validity of all asserted patents, preventing the approval of generics by Padagis Israel Pharmaceuticals until the patents expire in 2031 and 2036, respectively. This decision reinforces Bausch Health's commitment to its patent portfolio and the strength of its intellectual property. DUOBRII and BRYHALI are both topical medications for treating plaque psoriasis.

Salix Pharmaceuticals, part of Bausch Health (NYSE:BHC), has launched new social media initiatives for Constipation Awareness Month in December. This campaign raises awareness about constipation-related diseases including opioid-induced constipation, irritable bowel syndrome with constipation, and chronic idiopathic constipation. Salix's efforts include collaborations with influencers and extensive educational content that reached over 240 million consumers in 2022. The company aims to enhance public understanding of gastrointestinal disorders and will continue working with patient advocacy groups to support education and research in 2023.

Bausch Health Companies Inc. (NYSE:BHC) has declared 1261229 B.C. Ltd. as an unrestricted subsidiary, which controls 88.7% of Bausch + Lomb Corporation. This change means Bausch + Lomb and its subsidiaries are no longer bound by Bausch Health's debt covenants. The company is actively exploring options to optimize stakeholder value, focusing on balance sheet and liquidity strategies. These developments may impact the company's financial flexibility and strategic positioning moving forward.

KBRA has published its third-quarter 2022 U.S. Bank Compendium and 2023 Sector Outlook, analyzing results for U.S. banks. The report acknowledges the resilience of rated banks amid tightening economic conditions, citing improved capital profiles and higher loss buffers. Despite economic uncertainties, the report maintains a Stable Outlook for the U.S. banking industry. Key metrics, trends, and the top performing banks based on deposit costs and reserves are discussed. The Compendium also includes a quarterly ESG Bulletin featuring Berkshire Hills Bancorp, Inc. (BHLB).

Bausch Health Companies Inc. (NYSE:BHC) announced the presentation of a de novo abstract at The Liver Meeting® 2022 in Washington, D.C., from November 4-8. The abstract is titled "Rifaximin Plus Lactulose Versus Lactulose Alone for Reducing the Risk of Overt Hepatic Encephalopathy Recurrence: A Pooled Subgroup Analysis." XIFAXAN® (rifaximin) is indicated for the reduction of overt hepatic encephalopathy recurrence and treatment of irritable bowel syndrome with diarrhea. The company emphasizes safety information related to XIFAXAN use.

Bausch Health Companies reported third-quarter 2022 revenues of $2.046 billion, marking a 3% decline year-over-year, attributed to foreign exchange and divestitures. Despite this, organic revenue grew by 2%. The company also executed a successful debt exchange, reducing debt by $2.5 billion, which is expected to enhance financial flexibility. Operating income decreased significantly to $244 million from $574 million in Q3 2021 due to rising expenses and lower revenues. Bausch Health updated its full-year guidance, projecting revenues between $8.0 - $8.17 billion.

Bausch Health Companies (NYSE:BHC) and its dermatology division, Ortho Dermatologics, announced the presentation of nine posters at the Innovations in Dermatology Conference on Nov. 3-5, 2022, in Las Vegas. The posters will highlight new analyses of JUBLIA (efinaconazole) and SILIQ (brodalumab), along with encore presentations of DUOBRII and ARAZLO. Ortho Dermatologics aims to engage with dermatologists and provide insights on their products, including the recently recognized JUBLIA, which received the APMA Seal of Approval.