Bausch Health Companies denies bankruptcy rumors after stock drop following Reorg report.
Bausch Health Companies, Inc. denied rumors of considering bankruptcy or insolvency following a report by Reorg, which cited unnamed sources. The company stated it has not been involved in discussions with creditors concerning bankruptcy proceedings. Bausch Health, a global pharmaceutical company, experienced a significant stock price decline on Wednesday after the initial report, with shares falling 23.4% to $5.80.
July 24, 2024
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