Bausch Health stock soars after company says rival application for generic version of its IBS drug can’t be approved until 2029

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Bausch Health Cos. Inc. on Wednesday said a U.S. district court stuck with an earlier judgment that prevented an application for a rival generic version of...

Bausch Health Cos. Inc. BHC on Wednesday said a U.S. district court stuck with an earlier judgment that prevented an application for a rival generic version of its Xifaxan irritable bowel syndrome drug from getting FDA approval until 2029, sending shares higher during regular and after-hours trade. The company and its gastroenterology business Salix Pharmaceuticals said in a statement that the U.S.

district court stuck with an earlier judgment that prevented an application for a rival generic version of its Xifaxan irritable bowel syndrome drug from getting FDA approval until 2029, sending shares higher during regular and after-hours trade. The company and its gastroenterology business Salix Pharmaceuticals said in a statement that the U.S.

 

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