Welcome to our dedicated page for Bausch + Lomb Corporation news (Ticker: BLCO), a resource for investors and traders seeking the latest updates and insights on Bausch + Lomb Corporation stock.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) is a global eye health company that regularly issues news on its business segments, financing activities, partnerships and product pipeline. As an ophthalmic goods manufacturer with operations in vision care, surgical products and ophthalmic pharmaceuticals, the company’s announcements cover a broad range of topics relevant to investors and those following the eye health sector.
News updates include financial results, such as quarterly revenue performance across the Vision Care, Surgical and Pharmaceuticals segments, as well as details on operating income, adjusted metrics and guidance ranges. The company also uses press releases to outline strategic plans and multi-year financial targets, describe its product pipeline in areas like dry eye, glaucoma, ocular surface pain and age-related macular degeneration, and highlight clinical-stage programs and anticipated launches across consumer, pharmaceutical, surgical and contact lens businesses.
Bausch + Lomb’s news flow also features information on capital structure and liquidity, including amendments to its credit agreement, new term loan tranches, revolving credit facilities and senior secured notes offerings, along with the intended use of proceeds for refinancing existing debt. Governance and leadership developments, such as board appointments, committee assignments and changes related to director nomination agreements, are disclosed through current reports and accompanying press releases.
In addition, the company issues news about partnerships and initiatives in eye health, including collaborations with organizations focused on glaucoma research and awareness, and sustainability programs like the ONE by ONE Recycling Program and the Every Contact Counts program. For readers tracking BLCO, this news page aggregates these updates so they can review company communications on financial performance, strategic direction, product development, governance and eye health initiatives in one place.
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.
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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.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) announced a webinar to discuss findings from the National Eye Institute's 10-Year Follow-on Study of the Age-Related Eye Disease Study 2 (AREDS2). The webinar, titled "More InSight: A Closer Look at the New AREDS2 Data and What It Means For Patients," will take place on October 18, 2022. The session aims to help eye care professionals understand how to apply the study results regarding a specific nutrient formula's impact on Age-related Macular Degeneration (AMD) patients. Key insights will be provided by leading experts in the field.
Bausch + Lomb released its inaugural Visionary Report on September 13, 2022, highlighting the lack of awareness regarding Age-related Macular Degeneration (AMD) among Americans over 50. Despite 81% of respondents prioritizing eyesight, only 37% recognize AMD as a significant threat. Approximately 16 million Americans suffer from AMD, with this number expected to rise. The report indicates a critical gap in understanding AMD, as 61% are unaware that a dilated eye exam is required for diagnosis. Bausch + Lomb aims to enhance awareness and education about AMD through this report.