Bausch Health Companies Inc. (NYSE:BHC) Q1 2024 Earnings Call Transcript

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Think we have an outstanding opportunity. As you saw, the performance of our business this quarter has been – was outstanding, led by China, led by Asia Pacific as well. We are looking at our strategies on Thermage. I would say we just had the launch meeting last week and it went extremely well. Our strategy here is again, if you look at the opportunities in China today, and you hear a lot about the economics of China in terms of post-COVID. You hear a lot about the property market, but if you look at the patient that we target, and you look at the – even though in China, COVID had an impact, but there was also a lot of savings that took place. So, they weren’t traveling, weren’t doing many things. So, we see that our patient population has the opportunity and the economics to use our products.

And what you see also in China, you see that non-invasive treatments are very, very popular. Solta has a great name in China. We have a great brand. So, now having it approved by the NNPA as the first RF device to be approved, we think we have a great opportunity. We’re building our team. In fact, I’m going to be in China in the next couple of weeks to talk to the team, make sure we have the strategies in place, and then executing those strategies accordingly. But I lived there for many years, so I’m really confident we are going to have a real successful business in China. And I’m piggybacking on it. We already do, but we’re just going to grow more on that. Thank you for the question.

Operator: Thank you. We’ve reached the end of the question-and-answer session. I’ll now hand the conference back to Chief Executive Officer, Thomas Appio, for closing remarks. Please go ahead.

Thomas Appio: Yes. What I would just try to say is to everyone on the call, I really appreciate everyone’s questions today, and really making sure that we’re looking at the performance of our business and what the pipeline is, and what the future can be. So, I really thank everyone for joining today. As I said many times, we had a solid Q1, fourth consecutive quarter of growth. Really want to build on this momentum in Q2. I would also say is, the team here at Bausch Health is all in. we know what we need to do and really making sure we execute with excellence. So, making sure you saw the priorities, what our priorities are, delivering our commitments and continuing to position this company for the future. And what I, lastly I’d like to say is, we look forward to keeping you all updated, and really thank you for your interest in and the support of our company. Really appreciate it, and have a great day.

Operator: Thank you, everyone. This concludes today’s event. You may disconnect at this time, and have a wonderful day. Thank you for your participation.

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