04:05:29 EDT Mon 20 May 2024
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Bausch Health Companies Inc
Symbol BHC
Shares Issued 360,989,744
Close 2024-01-05 C$ 10.96
Market Cap C$ 3,956,447,594
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Bausch Health delivers oral arguments in patent dispute

2024-01-08 13:26 ET - News Release

Mr. Thomas Appio reports

COURT OF APPEALS FOR THE FEDERAL CIRCUIT HEARS ORAL ARGUMENTS ON PATENT DISPUTE

Bausch Health Companies Inc. and its gastroenterology business, Salix Pharmaceuticals Inc., have provided an update. As scheduled, oral arguments were heard today at the U.S. Court of Appeals for the Federal Circuit in the matter of Salix Pharmaceuticals et al. versus Norwich Pharmaceuticals Inc. As expected, no ruling was issued by the court following these oral arguments.

"We were pleased to have had the opportunity to present our oral arguments to the Court of Appeals today," Thomas J. Appio, chief executive officer, said. "We look forward to the court's decision in due course. We will continue to advocate for the safety of patients who have benefited from continued access to Xifaxan, and look forward to continuing to serve those patients."

About Xifaxan

Xifaxan (rifaximin) 550-milligram tablets are indicated for the reduction in risk of overt hepatic encephalopathy (HE) recurrence in adults and for the treatment of irritable bowel syndrome with diarrhea (IBS-D) in adults.

About Salix Pharmaceuticals Inc.

Salix Pharmaceuticals is one of the largest specialty pharmaceutical companies in the world committed to the prevention and treatment of gastrointestinal diseases. For more than 30 years, Salix has licensed, developed and marketed innovative products to improve patients' lives and arm health care providers with life-changing solutions for many chronic and debilitating conditions. Salix currently markets its product line to U.S. health care providers through an expanded sales force that focuses on gastroenterology, hepatology, pain specialists and primary care. Salix is headquartered in Bridgewater, N.J.

About Bausch Health Companies Inc.

Bausch Health Companies is a global diversified pharmaceutical company whose mission is to improve people's lives with its health care products. It develops, manufactures and markets a range of products primarily in gastroenterology, hepatology, neurology, dermatology, international pharmaceuticals and eye health, through its controlling ownership interest of Bausch + Lomb Corp. With its leading durable brands, Bausch Health is delivering on its commitments as it builds an innovative company dedicated to advancing global health.

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