Valeant's Not Out of the Woods Yet

Management also announced it will change its name to Bausch Health Company and trade under the ticker BHC. The name change might help alleviate stigma with potential investors due to Valeant’s troubled past, but management’s current turnaround strategy will stay in place. Unrelated to the name change, we note that management’s ability to stabilize the business could increase the odds of better terms for asset sales, particularly in segments with the best prospects, such as ophthalmology, gastrointestinal, and even dermatology if a number of the firm’s new products and pipeline candidates, like Siliq (launched in 2017) and Duobrii (June PDUFA date) for psoriasis, work out.

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