Why Bausch Health Companies Stock Sank Today

Why Bausch Health Companies Stock Sank Today

Source: 
Motley Fool
snippet: 

Shares of Bausch Health Companies (NYSE: BHC) were sinking by 8.6% as of 2:51 p.m. EDT on Tuesday. The decline came after Bausch Health announced that it had filed a lawsuit against Novartis (NYSE: NVS) subsidiary Sandoz, related to alleged infringement of patents for diarrhea drug Xifaxan.