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 Companies (BHC) and Novaliq GmbH have completed enrollment for the second Phase 3 study (MOJAVE) of the investigational drug NOV03, aimed at treating dry eye disease due to meibomian gland dysfunction, involving 622 participants. The drug, if approved, could become a first-in-class treatment. A New Drug Application is planned for submission to the FDA in 2022. Previous Phase 3 trials showed statistically significant results, and ongoing studies aim to reaffirm these findings.
Bausch Health Companies Inc. (NYSE/TSX: BHC) will announce its second-quarter 2021 financial results on August 3, 2021. A conference call and live web cast will be held at 8:00 a.m. EDT to discuss these results, along with a business update. All relevant materials will be available on the company's Investor Relations webpage before the call. Bausch Health focuses on improving lives through its pharmaceutical, medical device, and over-the-counter products primarily in eye health, gastroenterology, and dermatology.
Bausch Health Companies (NYSE/TSX: BHC) announced a significant debt reduction of $150 million by redeeming its 6.125% Senior Notes due in 2025. This redemption, effective August 2, 2021, will bring the total debt redeemed in 2021 to $650 million, utilizing cash generated from operations. The company aims to strengthen its balance sheet and enhance financial flexibility. Bausch Health is committed to advancing healthcare through its diverse range of pharmaceutical products.
Bausch + Lomb, a unit of Bausch Health Companies (NYSE: BHC), announced the U.S. launch of expanded parameters for the Bausch + Lomb ULTRA® Multifocal for Astigmatism contact lenses. The addition of -2.25D and -2.75D cylinder power increases options for the 32 million people in the U.S. with both astigmatism and presbyopia. This enhancement aims to address the challenges eye care professionals face when fitting these patients, promising improved comfort and visual clarity.
Bausch Health Companies Inc. (NYSE/TSX: BHC) has extended the expiration date for its cash tender offer to purchase all outstanding 7.00% Senior Secured Notes due 2024 by one business day to June 22, 2021, due to the Juneteenth holiday. The Tender Offer commenced on May 24, 2021, and aims to facilitate the purchase of the Notes as outlined in the Offer to Purchase dated May 24, 2021. Goldman Sachs & Co. LLC is the dealer manager for this Tender Offer, providing assistance to holders of the Notes.
Bausch Health Companies (NYSE/TSX: BHC) announced the resignation of D. Robert Hale from its Board of Directors, effective June 21, 2021. Hale, a director since 2015, cited increased professional obligations, including joining the board of another company in Japan. CEO Joseph C. Papa expressed gratitude for Hale's contributions, emphasizing the company's commitment to executing the spinoff of Bausch + Lomb. The company aims to establish two strong boards with diverse representation to better serve stakeholders.
Bausch + Lomb, part of Bausch Health Companies (NYSE/TSX: BHC), announced an agreement with Lochan LLC to develop next-generation eyeTELLIGENCE™ software, aimed at enhancing efficiency in ophthalmic surgeries. Expected to launch in 2022, the software will integrate various surgical processes, reducing manual data transfers that lead to errors. This initiative follows Bausch + Lomb's 2018 introduction of eyeTELLIGENCE, designed to improve practice efficiency through cloud technology.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced the results of its cash tender offer for its outstanding 7.00% Senior Secured Notes due 2024, valid until June 21, 2021. As of June 7, 2021, $545,079,000 in Notes have been tendered. The offer includes a total consideration of $1,019.25 per $1,000 principal, which includes a $30 early tender premium. The early settlement date is set for June 8, 2021. The offer is contingent upon the completion of a $1.6 billion private offering of senior secured notes. After the tender offer, remaining Notes will be redeemed according to the terms of the indenture.
Bausch Health and Clearside Biomedical announced that the FDA has accepted the resubmitted New Drug Application for XIPERE (triamcinolone acetonide suprachoroidal injectable suspension). The PDUFA action date is set for October 30, 2021. XIPERE targets macular edema associated with uveitis, a leading cause of vision loss. If approved, it would be the first therapy utilizing the suprachoroidal space for treatment. Clearside's SCS Microinjector aims to improve drug delivery, potentially minimizing adverse effects compared to traditional methods.
Bausch + Lomb and Prevent Blindness have initiated a collaboration for Cataract Awareness Month in June to educate the public about cataracts, a common cause of vision loss. They aim to alleviate anxiety surrounding cataract surgery, which has a 99% success rate. Bausch + Lomb will donate $1 for every social media 'like' or 'share' of certain posts, up to $50,000, to support Prevent Blindness's initiatives for increasing access to cataract care as cases are predicted to rise significantly.