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: BHC, TSX: BHC) generates a wide range of news relevant to investors, health care professionals and industry observers. As a global, diversified pharmaceutical company with operations in gastroenterology, hepatology, neurology, dermatology, dentistry, aesthetics, international pharmaceuticals and eye health, its disclosures cover both business performance and strategic activity.
News updates commonly include financial results and segment performance, such as quarterly revenue trends across Salix, International, Solta Medical, Diversified Products and Bausch + Lomb. The company also releases information on capital structure actions, including exchange offers for senior secured notes and amendments to credit agreements at Bausch Health and Bausch + Lomb, which are detailed in press releases and Form 8-K filings.
Bausch Health’s news flow highlights business development and acquisitions, for example the acquisition of DURECT Corporation to expand its hepatology portfolio and the acquisition of Wuhan Shibo Zhenmei Technology Co., Ltd. to strengthen Solta Medical’s distribution in China. Product and geographic expansion updates, such as OraPharma’s commercial expansion into Canada and Puerto Rico and regulatory milestones for aesthetic devices, also feature prominently.
In addition, the company announces conference participation and investor events, including presentations at healthcare conferences where management provides strategic and business updates and may discuss guidance ranges. For those tracking BHC, this news page offers a centralized view of official announcements on operations, financing, governance and growth initiatives. Investors and followers of the pharmaceutical and medical aesthetics sectors can review these items to understand how Bausch Health is executing on its stated priorities and managing its diversified portfolio.
Bausch Health announced that new Health Economic Outcomes Research (HEOR) data on RELISTOR will be shared at PAINWeek 2021 in Las Vegas from Sept. 7-11, 2021. The research highlights the use of RELISTOR in treating opioid-induced constipation (OIC) in emergency department patients. Three abstracts will be presented, showcasing broad utilization across care settings. RELISTOR, an opioid antagonist, is indicated for OIC in adults, including those with chronic non-cancer pain and advanced illness.
Bausch Health Companies (NYSE/TSX: BHC) announced participation in several upcoming investor conferences. Executives, including Sam Eldessouky and Joseph C. Papa, will represent the company at the J.P. Morgan European High Yield & Leveraged Finance Conference on Sept. 9, 2021, and the Deutsche Bank 29th Annual Leveraged Finance Conference on Oct. 4, 2021. The Morgan Stanley Global Healthcare Conference is scheduled for Sept. 13, 2021. Live webcasts will be accessible on the company's Investor Relations page.
Bausch Health Companies Inc. (NYSE/TSX: BHC) reported second-quarter 2021 revenues of $2.100 billion, a 26% increase year-over-year. However, the company faced a GAAP net loss of $595 million, worsening from $326 million in Q2 2020. Adjusted EBITDA reached $826 million, up 33%. The company announced plans for an IPO of Solta Medical and appointed Thomas J. Appio as CEO of Bausch Pharma. Guidance for 2021 revenue was revised to $8.40 - $8.60 billion, reflecting divestitures and quality issues.
Bausch Health is pursuing an initial public offering (IPO) of its Solta Medical business, aiming to pay down debt and unlock value from this high-growth medical aesthetics segment. Solta, which reported 2020 revenues of $253 million and a 32% CAGR from 2017 to 2020, provides advanced skin rejuvenation technologies. The IPO is anticipated in Q4 2021 or H1 2022, depending on market conditions. Scott A. Hirsch has been appointed CEO of Solta as Bausch Health prepares for this strategic move.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced plans to reduce its debt by $350 million through the redemption of senior notes due Sept. 2, 2021. This redemption will utilize cash on hand and funds generated from operations. The company has redeemed a total of $1 billion in debt in 2021, enhancing its financial position. An irrevocable notice of redemption will be issued, with payments processed via the Depository Trust Company.
Bausch Health Companies Inc. (NYSE/TSX: BHC) has finalized the sale of its equity interests in Amoun Pharmaceutical Company to Abu Dhabi-based ADQ, yielding approximately $740 million, subject to adjustments. This strategic move is set to allow Bausch Health to reduce its overall debt. CEO Joseph C. Papa emphasized the company's commitment to enhancing shareholder value and preparing for the planned spinoff of Bausch + Lomb. The transaction follows a definitive agreement made earlier in March 2021.
Bausch Health Companies (NYSE/TSX: BHC) announced the recipients of its 2021 Aspire Higher scholarship program, awarding scholarships of up to $10,000 to nine students affected by dermatologic conditions. This initiative aims to support these students in achieving their academic goals. Since its inception in 2012, the program has awarded $648,000 in total. The chosen recipients were selected from nearly 150 applications based on their personal essays. The program recognizes a diverse range of educational pursuits across various scholarship categories.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced the winners of its 2021 Salix Gastrointestinal Health Scholars Program, awarding $100,000 in scholarships to ten students with gastrointestinal (GI) diseases. Each recipient will receive $10,000 to support their higher education goals. The competitive selection process considered over 150 applications, highlighting the personal challenges faced by students due to their GI conditions. Salix Pharmaceuticals aims to assist these students in overcoming educational hurdles, reflecting the company’s commitment to improving the lives of those living with GI diseases.
Bausch + Lomb, part of Bausch Health Companies (NYSE/TSX: BHC), will present 14 scientific posters on its ophthalmic surgical technologies at the American Society of Cataract and Refractive Surgery annual meeting from July 23-27, 2021, in Las Vegas. These presentations cover key areas such as the clinical performance of IOL platforms and the impact of COVID-19 on surgeries. The event marks a significant return to in-person scientific exchanges, emphasizing the company's commitment to research and improved patient outcomes.
Bausch Health Companies (NYSE/TSX: BHC) announces the U.S. launch of Biotrue® Hydration Boost Lubricant Eye Drops and Biotrue® Micellar Eyelid Cleansing Wipes designed for dry, irritated eyes. These products are preservative-free, pH-balanced, and utilize naturally inspired ingredients to provide instant relief. They will be available at major retailers like Walgreens and CVS, with a suggested price starting at $11.99. This launch responds to an increasing need for eye care products in the context of rising digital device usage.