Welcome to our dedicated page for Bausch + Lomb news (Ticker: BLCO), a resource for investors and traders seeking the latest updates and insights on Bausch + Lomb stock.
Bausch + Lomb Corporation reports developments across its global eye health business, including vision care, surgical devices and ophthalmic pharmaceuticals. Recurring updates cover contact lenses and lens care products, eye vitamins and redness-relief drops, dry eye and prescription ophthalmology brands, intraocular lenses, vitrectomy cutters and the Stellaris Elite Vision Enhancement System.
Company news also includes financial results and guidance, scientific presentations, R&D pipeline discussions, FDA 510(k) clearances, European product launches and sustainability programs such as ONE by ONE Recycling. Product-specific coverage frequently references Biotrue, LUMIFY, XIIDRA, MIEBO, PreserVision, INFUSE, ULTRA ONE DAY, enVista and Bi-Blade technologies.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) reported its fourth-quarter and full-year 2022 financial results with revenues of $996 million for Q4 and $3.768 billion for the year, showing organic revenue growth of 5% across all segments. The company faced a net loss of $1 million in Q4 compared to a $51 million profit in the same period the previous year. Adjusted EBITDA decreased to $181 million for Q4 and $720 million for the year. Despite foreign exchange impacts, the Vision Care and Surgical segments performed well, with notable product launches and a focus on strategic partnerships. Brent Saunders was appointed as the new CEO effective March 6, 2023.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) has appointed Brent Saunders as CEO and Chair of the Board, effective March 6, 2023. He succeeds Joseph C. Papa, who steps down as CEO and director. Saunders, who previously served as CEO from 2010 to 2013, brings over 25 years of health care leadership experience. The Board expressed confidence in Saunders' ability to guide the company through its separation from Bausch Health. During his advisory role beginning February 16, 2023, he collaborated closely with Papa to ensure a smooth transition. The company focuses on advancing eye health and developing innovative treatments.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) has announced a new social media campaign titled ‘What Sight Inspires You’, aimed at raising awareness for Age-related Macular Degeneration (AMD) during AMD Awareness Month in February. The campaign focuses on personal stories from the SightMatters community, which supports individuals living with AMD. Approximately 16 million Americans suffer from this condition, with numbers projected to rise. Although there is no cure, lifestyle changes and collaboration with eye doctors can help manage AMD risks. This initiative reflects Bausch + Lomb's commitment to eye health and supporting patients.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) and Modulight Corporation announced FDA approval for the ML6710i photodynamic laser. This laser is approved for use with Bausch + Lomb's VISUDYNE® therapy, targeting predominantly classic subfoveal choroidal neovascularization caused by Age-related Macular Degeneration (AMD). The ML6710i, designed for easy use and transport, will be available in the first half of 2023. This innovation addresses a significant unmet need in photodynamic therapy, allowing eye care professionals to treat patients more effectively.
Bausch + Lomb Corporation (BLCO) will announce its fourth-quarter and full-year 2022 financial results on February 22, 2023. The company will hold a conference call at 8:00 a.m. ET to discuss the financial outcomes and provide an update on business developments. Interested parties can access the call via web link or dial-in options for both North American and international participants. Replay details will also be available until March 8, 2023.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) has acquired AcuFocus, a leader in ophthalmic medical devices, enhancing its surgical portfolio with the IC-8 Apthera intraocular lens (IOL). This IOL, approved by the FDA in July 2022, is the first small aperture non-toric EDOF IOL, catering to cataract patients with up to 1.5 diopters of astigmatism. The global premium cataract IOL market is projected to grow at a CAGR of approximately 13% from 2022 to 2027. With 94 million people affected by cataracts worldwide, Bausch + Lomb aims to offer innovative solutions to meet unmet medical needs, driving long-term growth.
Bausch + Lomb Corporation (BLCO) has introduced PreserVision® AREDS 2 Formula mini soft gels with the new OCUSorb™ technology, enhancing the absorption of lutein and zeaxanthin. This product maintains the clinically proven AREDS 2 formula, which is vital for individuals with Age-related Macular Degeneration (AMD), a leading cause of vision loss in older adults. The new formulation offers superior nutrient absorption, aiming to support the nearly 16 million Americans affected by AMD. It is now available nationwide in retail outlets and online.
Bausch + Lomb Corporation (NYSE/TSX: BLCO), a global eye health leader, will present a company update at the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, at 3:00 p.m. PT. This presentation will highlight recent performance, achievements, and future goals for the company. The presentation can be accessed on their Investor Relations page. With over 400 products, Bausch + Lomb is committed to enhancing vision for individuals worldwide, supported by a robust global presence.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) will participate in the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, at 3:00 p.m. PT. CEO Joseph C. Papa and CFO Sam Eldessouky will represent the company, which focuses on eye health products. A live webcast will be available on the company’s Investor Relations page. Founded in 1853, Bausch + Lomb offers over 400 products, including contact lenses and ophthalmic surgical devices, serving customers in nearly 100 countries.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) and Novaliq GmbH are advancing NOV03, a new ophthalmic solution targeting dry eye disease linked to Meibomian gland dysfunction. Recent publication in Ophthalmology highlights positive results from the pivotal Phase 3 GOBI trial, meeting all co-primary endpoints with statistical significance achieved as early as day 15. The FDA has set a PDUFA date of June 28, 2023 for NOV03's review, which could provide a much-needed treatment option for millions suffering from this condition.