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Bausch Health names new CFO, says eye care unit spinoff on track

By Reuters Staff 1 Min Read (Reuters) - Bausch Health Companies Inc on Thursday named insider Sam Eldessouky as its new finance chief, at a time when the Canadian drugmaker looks to speed up the spinoff of eye care unit Bausch + Lomb. Current CFO Paul Herendeen will take on the role of advisor to the chairman and chief executive officer, the company said. Eldessouky’s appointment comes amid calls from activist investor Glenview Capital Management for Bausch to spin-off Bausch + Lomb by year-end. The company in August said it would offload the unit into a separate publicly listed firm. Bausch last month agreed to add directors from Icahn Group to its board, weeks after activist investor Carl Icahn disclosed a nearly 8% stake.

Research and Markets: Europe Aesthetic Medical Laser Systems Market Forecast to 2027 - Increase in the Number of Product Launches in the Aesthetic Medical Market

Research and Markets: Europe Aesthetic Medical Laser Systems Market Forecast to 2027 - Increase in the Number of Product Launches in the Aesthetic Medical Market - ResearchAndMarkets.com ResearchAndMarkets.com s offering. Standalone Lasers Segment Held Largest Share of Type in Europe Aesthetic Medical Laser Systems Market in 2019 Europe Aesthetic Medical Laser Systems Market is expected to reach US$ 489.86 million in 2027 from US$ 248.21 million in 2019. The market is estimated to grow with a CAGR of 9.1% from 2020-2027. Based on type, the aesthetic medical laser systems market is segmented into standalone lasers and multiplatform lasers. The standalone lasers segment held the largest share of the market in 2019, whereas the multiplatform segment is anticipated to register the highest CAGR in the market during the forecast period.

Bausch Health Companies Inc (BHC): Price Down $-0 17 (-0 52)% Over Past Day, Up $0 13 (0 4)% Over Past Hour

iShares NASDAQ Biotechnology Index Fund (NASDAQ:IBB), (ABCL) - The Daily Biotech Pulse: Bausch Calls Truce With Icahn, Pfizer s Brain Inflammation Vaccine Gets Priority Review, BriaCell IPO

iShares NASDAQ Biotechnology Index Fund (NASDAQ:IBB), (ABCL) - The Daily Biotech Pulse: Bausch Calls Truce With Icahn, Pfizer s Brain Inflammation Vaccine Gets Priority Review, BriaCell IPO
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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