Bausch Health
Bausch Health Companies Inc. is a multinational specialty pharmaceutical company based in Laval, Quebec, Canada. It develops, manufactures, and markets a broad range of pharmaceutical products primarily in the areas of dermatology, gastrointestinal disorders, eye health, neurology, and branded generics.
History[edit]
Bausch Health was founded in 1959 by Milan Puskar and Don Panoz. In 2010, the company was acquired by Valeant Pharmaceuticals, a Canadian-based multinational pharmaceutical company. In 2018, Valeant changed its name to Bausch Health Companies Inc.
Products[edit]
Bausch Health's product portfolio includes both pharmaceutical and medical device products. These include prescription brands, branded generics, over-the-counter (OTC) products, medical devices, and biologic products.
Operations[edit]
Bausch Health operates through several business units: Bausch + Lomb, Salix Pharmaceuticals, Ortho Dermatologics, and Diversified Products. The company has operations in more than 100 countries and its products are sold in approximately 100 countries.
Financials[edit]
Bausch Health reported revenues of $8.6 billion in 2019. The company's largest segment, Bausch + Lomb, accounted for nearly half of the total revenue.
Controversies[edit]
Bausch Health has been involved in several controversies, including allegations of price gouging, anticompetitive behavior, and accounting irregularities. In 2015, the company faced a major scandal when it was revealed that it had been using a specialty pharmacy, Philidor Rx Services, to inflate its sales and earnings.
See also[edit]
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Bausch Health logo -
Milan Panić
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