Finance Watch: Bausch + Lomb Completes Split From Bausch Health Via IPO
PepGen Went Public On 5 May As Well
Executive Summary
Public Company Edition: Bausch remains the majority shareholder, but B+L is a separate operating company. Also, Rezolute raises $130m in dual financings and BridgeBio outlines job cuts and will out-license assets to conserve cash.
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BridgeBio, BMS Set Sail In Expanded SHP2 Collaboration
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Bausch Investors Initially Pessimistic Following B+L Spinout
With its IPO of Bausch + Lomb bringing in $630m in proceeds, Bausch Health is moving forward with its plan to use the eye care unit’s separation to pay down its remaining debt.