Special Situation Investing

Thursday, April 27, 2006

(BOL) Bausch & Lomb knew of lens solution problems in advance

In a recent news article, BOL has admitted that months before the lens solution scandal broke, it knew about potential problems. From the article:

"Bausch stock price fell 3.5 percent after The Wall Street Journal reported Thursday that Hong Kong authorities had told the Rochester, N.Y.-based company about eye infections among users of its contact solution in November, 2005. But the company only stopped selling ReNu with MoistureLoc, the product in question, on April 13, 2006. A Bausch spokeswoman acknowledged to CNNMoney.com that the report was accurate."


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