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BHC · Bausch Health Companies Inc.

Company guidance, FDA catalysts, dilution risk and cash runway, built from SEC, FDA and ClinicalTrials.gov filings and updated every day.

$1.8B Cash on Hand
CF+ Cash Runway
2.9% Short Interest
$7.5 Analyst Target (5)
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🧪 Trial & FDA Catalysts

📊 Drug Pipeline

DrugIndicationMost advanced trialStatus
Rifaximin
FDA approved May 2004 · Xifaxan
Pouchitis Phase 4 · NCT06312683 Recruiting
Perfluorohexyloctane
FDA approved May 2023 · Miebo
Dry Eye Phase 4 · NCT06346340 Completed
Bupropion Hydrobromide
FDA approved Apr 2008 · Aplenzin
Major Depressive Disorder Phase 4 · NCT02129751 Not yet recruiting
Halobetasol Propionate And Tazarotene
FDA approved Apr 2019 · Duobrii
Acne Keloidalis Nuchae Phase 3 · NCT05608499 Terminated
Lifitegrast
FDA approved Jul 2016 · Xiidra
Dry Eye Disease Phase 3 · NCT07111013 Withdrawn
Halobetasol Propionate
FDA approved Nov 2018 · Bryhali
Acne Keloidalis Nuchae Phase 3 · NCT05608499 Terminated
Plecanatide
FDA approved Jan 2017 · Trulance
Functional Constipation (FC) Phase 2 · NCT07723924 Active not recruiting
Brodalumab
FDA approved Feb 2017 · Siliq
Breast Cancer Phase 1 · NCT06673329 Recruiting
Clindamycin
FDA approved Nov 2000 · Clindagel
Acne Early Phase 1 · NCT05582434 Active not recruiting
(Xiidra®) Lifitegrast Ophthalmic Solutio Ocular Surface Disease Phase 4 · NCT07490535 Not yet recruiting
Perfluorohexyloctane ophthalmic solution Dry Eye Phase 4 · NCT07054606 Completed
Miebo four times per day Dry Eye Syndrome (DES) Phase 4 · NCT07650708 Recruiting
IDP-118 Lotion Psoriasis Phase 4 · NCT03988439 Completed
Determine the ability of the TearScience Dry Eye Phase 4 · NCT07722624 Active not recruiting
CABTREO is a fixed-combination product o Acne Vulgaris Phase 4 · NCT07524946 Recruiting
Determine the ability of the iTrace™, BO Dry Eye Phase 4 · NCT07790211 Recruiting

Also used in these trials (approved or third-party drugs, not BHC's own candidates): Adapalene And Benzoyl Peroxide, Clindamycin Phosphate.

Source: ClinicalTrials.gov trials sponsored by the company, one row per candidate at its most advanced registered trial. FDA approvals: Drugs@FDA. Wrong or missing drug? Report it

💰 Cash Runway & Dilution Risk

BHC holds $1.8B in cash and short-term investments (as of Jun 30, 2026) and its operations are currently cash-flow neutral or positive.

Dilution pressure: 0 · Low

Source: SEC EDGAR (XBRL cash flow and financing filings). Dilution Watch: every company ranked → · Get an alert when BHC files for a raise →

👥 Who Owns BHC

Insiders 21.1% Other 5%+ holders 19.1% Institutions (313 holders) 59.8% Public and other holders 0%
HolderTypeShares% of sharesAs of
John Paulson
Director
Insider 73,686,111 19.70% 2026-06-30
PAULSON & CO. INC.
10% owner
Insider 73,255,869 19.59% 2025-11-25
Alex Meruelo 5%+ holder (13D) 36,761,788 9.83% 2025-03-31
Icahn Capital LP 5%+ holder (13D) 34,721,118 9.28% 2025-05-20
Goldentree Asset Management LP Institution (13F) 34,665,731 9.27% 2026-06-30
Royal Bank of Canada Institution (13F) 10,832,582 2.90% 2026-06-30
Healthcare of Ontario Pension Plan Trust Institution (13F) 8,000,000 2.14% 2026-06-30
Vanguard Capital Management LLC Institution (13F) 7,465,468 2.00% 2026-06-30
Goldman Sachs Group Inc Institution (13F) 6,225,131 1.66% 2026-06-30
MFN Partners Management, LP Institution (13F) 6,000,000 1.60% 2026-06-30
SG Americas Securities, LLC Institution (13F) 5,535,771 1.48% 2026-06-30
Acadian Asset Management. LLC Institution (13F) 5,482,986 1.47% 2026-06-30

Share count 373,990,561 (latest 10-Q/10-K). Insiders: each officer's, director's and 10% owner's latest Form 3, 4 or 5, direct and indirect shares; options are not counted. 5%+ holders: latest Schedule 13D or 13G of each holder above 5%. Institutions: the total held by all 13F filers (Yahoo Finance); the table lists the largest (13F quarter ending 2026-06-30). Sources have different dates, so the split is approximate. Source: SEC EDGAR.

📈 Recent Insider Activity (Form 4)

Trade dateInsiderTransactionSharesPriceOwned after
2026-08-19
filed 2026-08-20
Lenar Aimee J.
Sale (S) 36,827 $7.03 334,853
2026-07-17
filed 2026-07-20
Lenar Aimee J.
Tax withholding (F) 5,260 $4.83 371,680
2026-07-15
filed 2026-07-17
Lenar Aimee J.
Tax withholding (F) 23,395 $4.89 376,940
2026-07-14
filed 2026-07-15
LEE STEVEN HYOSIG
Tax withholding (F) 3,125 $4.75 70,114
2026-06-30
filed 2026-07-02
WECHSLER AMY B
Award (A) 1,394 $4.93 314,979

Only open-market purchases (P) and sales (S) are trading decisions. Awards (A), option exercises (M) and tax withholding (F) are compensation mechanics. Source: SEC Form 4.

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Data: SEC EDGAR, FDA, ClinicalTrials.gov, Yahoo Finance • Informational purposes only, not investment advice. • All tracked stocks A–Z

This data is for informational purposes only, not investment advice. BioRadar does not provide buy/sell recommendations. Past performance does not guarantee future results. Always do your own due diligence.