Why Bausch Health Stock Is Bolting Higher Today
Shares of the specialty pharmaceutical company Bausch Health Companies (NYSE: BHC) are surging today in response to the news that Joseph Papa has resigned from the board of directors effective immediately. Specifically, the drugmaker's shares were up by a noteworthy 15.9% as of 10:56 a.m. ET Friday.
Over the past six years, Papa has been instrumental in lowering the company's sky-high debt and keeping it out of bankruptcy court. That said, Bausch's turnaround has hit multiple obstacles in 2022.
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Source Fool.com
