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Contact Lens Care Products Results In Eye Infection | |
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May 05, 2006 at 9:33 PM
Corporate News
The stock, which is trading near three-year lows, has fallen nearly 40 percent this year and is the weakest health-care issue in the Standard & Poor's 500 index. U.S. Centers for Disease Control and Prevention found that about 27% of the cases involved ReNu brand, ReNu MultiPlus, suggesting the company's entire ReNu franchise may be at risk. Bausch was planning to repurchase all of five series of bonds totaling nearly $544 million. Banc of America Securities analyst David Maris said that the company would be left with little cash. But a Bausch & Lomb spokesman said the company has ample cash to cover its debt repurchase. Cal Warriner, a West Palm Beach attorney says that there an increase in the number of cases against the company. His firm now handles more than 100 cases against Bausch & Lomb.
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