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Guidance The company today issued fiscal year 2024 revenue growth and EPS guidance. The charges represent incremental costs of complying with the new European Union (E.U.) With these transactions, Medtronic intends to acquire all outstanding shares in EOFlow and delist the company. Do not take ARESTIN if you are allergic to minocycline or tetracyclines. For more information, visit www.bauschhealth.com and connect with us on Twitter and LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20230524005078/en/, Media Contact Information: Sandy Pound Thermo Fisher Scientific Phone: 781-622-1223 E-mail: sandy.pound@thermofisher.com, Investor Contact Information: Rafael Tejada Thermo Fisher Scientific Phone: 781-622-1356 E-mail: rafael.tejada@thermofisher.com, News Provided by Business Wire via QuoteMedia. These contact lenses feature 3-Zone Progressive technology and an OpticAlign design. Need more optical advice help? -Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc. (NYSETSX: BHC) ("Bausch Health"), today announced the U.S. launch of expanded parameters for Bausch + Lomb ULTRA Multifocal for Astigmatism contact lenses. ULTRA for Presbyopia is powered by proven 3-Zone Progressive design Our unique multifocal lens design is optimized for 7 biometrics, including pupil size, across 9 This information is provided to compare . New Parameters Provide a Broader Offering for Presbyopic Patients with Astigmatism LAVAL, QB, June 23, 2021 /PRNewswire/ -- Bausch + Lomb, a lead. New Parameters Provide a Broader Offering for Presbyopic Patients with Astigmatism LAVAL, QB, June 23, 2021 /CNW/ -- Bausch + Lomb, a leading glo. Cost of products sold, excluding amortization of intangible assets, Selling, general, and administrative expense, Net income attributable to noncontrolling interests, Basic weighted average shares outstanding, Diluted weighted average shares outstanding. Parameters. ULTRA Multifocal for Astigmatism is engineered with OpticAlign Design for a stable fit The company's FY23 earnings results reflected the continued unfavorable macroeconomic impact of foreign currency translation and inflation. /TMare trademarks of Bausch & Lomb Incorporated or its affiliates. New Parameters Provide a Broader Offering for Presbyopic Patients with Astigmatism. "Together, we'll work to advance innovation in wearable insulin patch technology to expand our reach to more individuals around the world living with diabetes. The charges primarily include business combination costs and changes in fair value of contingent consideration. Our Mission to alleviate pain, restore health, and extend life unites a global team of 95,000+ passionate people across 150 countries. By continuing to browse the site, you agree to our use of cookies. for Astigmatism lenses provide ballasting in the lower hemisphere for a stable fit. Bausch + Lomb ULTRA for Astigmatism contact lenses are approved for extended wear* for up to 7 days with the same monthly replacement schedule. Dr. Washington earned a Bachelor of Science, a Master of Science, and a doctorate in nuclear engineering from Texas A&M University. The charges primarily include changes in the carrying value of the disposal group and other associated costs as a result of the April 1, 2023 sale of half of the Company's Renal Care Solutions (RCS) business, and charges related to the impending separation of the Patient Monitoring and Respiratory Interventions businesses within our Medical Surgical Portfolio. We are delivering on our commitments as we build an innovative company dedicated to advancing global health. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. The 3-Zone Progressive technology ensures clear vision at all distances while the OpticAlign design provides consistently clear and stable vision. The lenses combine the company's unique 3-Zone Progressivemultifocal design with the stability of its OpticAligntoric design and MoistureSeal technology. Ultra for Presbyopia. In everything we do, we are engineering the extraordinary. As detailed in the financial schedules included at the end of this release, Q4 non-GAAP net income and non-GAAP diluted EPS were $2.093 billion and $1.57 , respectively, both increases of 3%. Mon - Fri: 8:00am - 9:00pm Sat - Sun: 9:00am - 5:30pm Bank Holidays: 9:00am - 5:30pm. The acquisition is expected to close in the second half of calendar year 2023 subject to the satisfaction of the minimum tender condition and certain customary closing conditions, including receipt of required regulatory clearances . Certain litigation includes $35 million related to the one-time payment received as a result of the Intellectual Property Agreement entered into with Edwards Lifesciences on April 12, 2023. Click an image for full size * Visual acuity (VA) is estimated based on how close the available lens is to the vertexed refraction. There are an estimated 32 million people in the United States living with both astigmatism and presbyopia who could potentially wear contact lenses, however, historically, there have been few readily available soft contact lens options that meet all of these patients' needs for visual acuity, making it challenging for eye care professionals to fit these patients. Feels comfortable throughout the day We've pioneered first-of-its-kind innovations for over 40 years and are committed to designing the future of diabetes management through next-generation sensors (CGM), intelligent dosing systems, and the power of data science and AI while always putting the customer experience at the forefront. The anticipated partial year dilution was included in the fiscal year 2024 guidance Medtronic issued on May 25 . (877) 281-6642 (toll free), Media Contact: Powered by Madgex Job Board Software, https://www.expectultracomfort.com/ecp/lens-parameters, http://www.prnewswire.com/news-releases/bausch--lomb-expands-parameters-for-bausch--lomb-ultra-multifocal-for-astigmatism-contact-lenses-301317951.html. It is the perfect option for correcting both presbyopia and astigmatism. Your impression of fitting toric multifocals is about to change. Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue over $40 billion. "EOPatch" is a registered trademark of EOFlow Co., Ltd. View original content to download multimedia: https://www.prnewswire.com/news-releases/medtronic-reports-full-year-and-fourth-quarter-fiscal-2023-financial-results-announces-dividend-increase-301834518.html, View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/25/c6205.html. References. The dividend is payable on July 14, 2023 , to shareholders of record at the close of business on June 23, 2023 . "We're thrilled to accelerate our next phase of growth with a partner like Medtronic who shares our goal of simplifying diabetes management to make life easier for the customers we serve," said Jesse J. Kim , CEO and founder of EOFlow. The data in this schedule has been intentionally rounded to the nearest million or $0.01 for EPS figures, and, therefore, may not sum. Medtronic plc, headquartered in Dublin, Ireland , is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. "We are focused on continuing to enhance and build upon our product portfolio. The lens is indicated for the Acquisition will expand company's ability to serve more people living with diabetes around the world within one seamless Medtronic ecosystem of support. In everything we do, we are engineering the extraordinary. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. 3-Zone Progressive technology for clear vision at all distances. In clinical studies, the most frequently reported non-dental side effects were headache, infection, flu symptoms, and pain. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial schedules accompanying this press release. According to Precedence Research, the global medical device market is projected to grow at a compound annual growth rate (CAGR) of 5.5 percent between 2022 and 2030 to reach US$850 billion. "Dr. Washington will help Medtronic expand use of our technology platforms across our portfolio including robotics, sensors, implantables and AI improving our returns on investments in innovation and expanding our technological competitive advantage to drive durable growth.". MULTIFOCAL FOR ASTIGMATISM - Bausch + Lomb UK Ultra for Astigmatism. Medtronic's financial advisor for the transaction is JP Morgan Securities LLC, with Kim & Chang and Ropes & Gray LLP acting as legal advisors. OpticAlign design provides consistently clear and stable vision. (514) 856-3855 INDICATION ARESTIN (minocycline HCl) Microspheres, 1mg is used in combination with scaling and root planing (SRP) procedures to treat patients with adult periodontitis (gum disease). As detailed in the financial schedules included at the end of this release, fiscal year 2023 non-GAAP net income and non-GAAP diluted EPS were $7.045 billion and $5.29 , respectively, decreases of 6% and 5%, respectively. Q4 revenue of $2.410 billion increased 4.8% as reported and 6.0% organic, with a low-double digit increase in Specialty Therapies, mid-single digit increase in CST, and a low-single digit increase in Neuromodulation, all on an organic basis. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. More information can be found at www.bausch.com. "Astigmatic presbyopes have been underserved for many years. EOFlow's financial advisor is Goldman Sachs & Co. LLC, with Bae, Kim & Lee LLC acting as legal advisor. (4) The three and twelve months ended April 28, 2023 includes $336 million and $407 million, respectively, of inorganic revenue related to the following: (5) Adjusted revenue excludes $83 million of revenue related to the divested RCS business for the fourth quarter of fiscal year 2022. MULTIFOCAL FOR ASTIGMATISM PARAMETERS SIMPLE STEPS FOR FITTING STEP 1: Update spectacle refraction and Add power Determine the dominant eye using a sensory dominance test with a handheld +1.50 trial lens STEP 2: Select toric lens power (adjust for vertex distance if necessary) STEP 3: Select Addpower following guidance below: To view the fourth quarter and fiscal year 2023 earnings presentation, click here . Some medical device companies in the micro-cap range are Theralase Technologies (TSXV:TLT,OTCQB:TLTFF), Izotropic (CSE:IZO,OTCQB:IZOZF), Aurora Spine (TSXV:ASG,OTCQB:ASAPF) and Fonar (NASDAQ:FONR). "Throughout my life and career, I've always put a great deal of energy into prioritizing my health, which is why I was shocked when my dentist told me I had early-stage gum disease," said Rodriguez. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. PDF BAUSCH + LOMB ULTRA Contact Lenses BAUSCH + LOMB ULTRA (samfilcon A LAVAL, QB, June 23, 2021 /PRNewswire/ -- Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health"), today announced the U.S. launch of expanded parameters for Bausch + Lomb ULTRA Multifocal for Astigmatism contact lenses. Eight out of 10 (89%) of eye care professionalsagreed that it is easy to get a successful fit with Bausch + Lomb ULTRA Multifocal for Astigmatism lensesduring the first visit 2 , and 91% of patients surveyed agreed thatthese lenses are comfortable throughout the day 3 . Medtronic does not attempt to provide reconciliations of forward-looking non-GAAP EPS guidance to projected GAAP EPS guidance because the combined impact and timing of recognition of these potential charges or gains is inherently uncertain and difficult to predict and is unavailable without unreasonable efforts. "We're excited to introduce a differentiated wearable patch option to provide more patient choice and drive further innovation for those who want to use technology to make living with diabetes easier. LAVAL, QB, June 23, 2021 /PRNewswire/ -- Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health"), today announced the U.S. launch of expanded parameters for Bausch + Lomb ULTRA Multifocal for Astigmatism contact lenses. We exclude unrealized and realized gains and losses on our minority investments as we do not believe that these components of income or expense have a direct correlation to our ongoing or future business operations. FY23 revenue of $8.433 billion decreased 7.7% as reported and 2.4% organic, with a low-single digit decline in SI and mid-single digit decline in RGR, both on an organic basis. Like firms pursuing drug approvals, medtech companies must conduct clinical trials to bring their products to market; they have to refine their technology and confirm efficacy and safety to get regulatory approvals. Dr. Washington will also become a member of the Medtronic Executive Committee. SEAMLESS VISION. They can also be worn as extended wear contact lenses for up to 7 days, if approved by your optician. In some cases, you can identify these statements by forward-looking words or expressions, such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "looking ahead," "may," "plan," "possible," "potential," "project," "should," "going to," "will," and similar words or expressions, the negative or plural of such words or expressions and other comparable terminology. Bausch & Lomb Ultra Multifocal for Astigmatism (6 Pack) are monthly contact lenses to correct astigmatism and presbyopia. Cardiovascular Portfolio The Cardiovascular Portfolio includes the Cardiac Rhythm & Heart Failure (CRHF), Structural Heart & Aortic (SHA), and Coronary & Peripheral Vascular (CPV) divisions. Diabetes FY23 revenue of $2.262 billion decreased 3.3% as reported and increased 2.4% organic. If foreign currency exchange rates as of the beginning of May hold, fiscal year 2024 revenue would be positively affected by approximately $110 million to $210 million from foreign currency. "With the additional parameters of Bausch + Lomb ULTRA Multifocal for Astigmatism lenses, I look forward to being able to fit more of my presbyopic patients with astigmatism.". Some of these reactions were serious. Our multifocal toric contacts are approved for *extended wear up to 7 days with the same monthly replacement schedule, and meet your dual vision needs. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. Forward-looking Statements This news release may contain forward-looking statements, which may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. They help retain 95% of its moisture for a full 16 hours and you won't even notice they're there. Fiscal year 2023 cash flow from operations of $6.039 billion decreased 18%. For those who prefer to mitigate risk, exchange-traded funds (ETFs) are a safer way to put money into the market. References 1 CooperVision Biofinity toric multifocal Contact Lenses Now Available Nationwide in the U.S. - CooperVision U.S. - Published online - May 18, 2020 Investors will also find smaller-cap companies amid the heavyweights its just a matter of risk tolerance. lainie.keller@bauschhealth.com The campaign launch is timed to Oral Health Month recognized throughout June and features Alex as a patient ambassador. With a global footprint in over 100 countries, ability to scale up manufacturing quickly, and advanced software and sensor capabilities, Medtronic is the ideal strategic partner for EOFlow.". See description of non-GAAP financial measures contained in the press release dated May 25, 2023. This news release may contain forward-looking statements, which may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. About Bausch + Lomb ULTRA Multifocal for Astigmatism Lenses In June 2019 , Bausch + Lomb launched Bausch + Lomb ULTRA Multifocal for Astigmatism lenses, a monthly silicone hydrogel lens that was specifically designed based on feedback from eye care professionals to address the vision needs of patients with both astigmatism and presbyopia. The sector is dominated by a handful of big medical device manufacturers, such as Thermo Fisher Scientific (NYSE:TMO), Abbott Laboratories (NYSE:ABT), Stryker (NYSE:SYK) and Medtronic (NYSE:MDT). $265 million related to the one-time payment received as a result of the Intellectual Property Agreement entered into with Edwards Lifesciences on April 12, 2023, which is included in the reported results of the Structural Heart & Aortic division of the Cardiovascular portfolio, $44 million of inorganic revenue in the fourth quarter of fiscal year 2023 related to the April 1, 2023 divestiture of our Renal Care Solutions (RCS, $10 million of inorganic revenue in the fourth quarter of fiscal year 2023 related to the April 1, 2023 divestiture of our Renal Care Solutions (RCS) business and the Transition Service Agreement (TSA) with Mozarc Medical, which is included in the reported results of the Respiratory, Gastrointestinal, & Renal division of the Medical Surgical portfolio, and. PDF Baus Ch + Lomb Ultr a For Presbyopia In June 2019 , Bausch + Lomb launched Bausch + Lomb ULTRA Multifocal for Astigmatism lenses, a monthly silicone hydrogel lens that was specifically designed based on feedback from eye care. More information can be found at www.bausch.com . "We're encouraged by the procedure recovery we are seeing in many of our markets, our product availability is improving, we like our competitive positions across our businesses, and we have many new, innovative products coming to the market," said Karen Parkhill , Medtronic chief financial officer. Actual results may differ materially from anticipated results. The addition of EOFlow, together with Medtronic's Meal Detection Technologyalgorithm and next-generation continuous glucose monitor (CGM), is expected to expand the company's ability to address the needs of more individuals with diabetes, no matter where they are in their treatment journey or preference for how they want their insulin delivered. About OraPharma OraPharma is a specialty pharmaceutical company committed to partnering with dental professionals to improve oral health. Lainie Keller Cost is the #1 factor keeping patients out of daily lenses 1. To view a printable PDF of the financial schedules and non-GAAP reconciliations, click here . Today's announcement marks the 46th consecutive year of an increase in the dividend payment. Transaction Overview Pursuant to share purchase agreements (SPA) with Jesse J. Kim (CEO) and Luis Malave (President), Medtronic will acquire all of their shares in EOFlow at a price per share of KRW 30,000 . Medtronic is committed to serving the needs of patients currently implanted with the HVAD System. All Bausch + Lomb ULTRA Multifocal for Astigmatism contact lens parameters are made readily-available in eye care professional fitting sets, with the exception of -2.75D cylinder power, which is available to order as a standard offering. Bausch + Lomb ULTRA Multifocal for Astigmatism lenses were specifically designed to address the lifestyle and vision needs of patients with both astigmatism and presbyopia. This passive ETF tracks the Dow Jones US Select Medical Equipment Index. Now, with the increased parameter offering, morepeople with astigmatism and presbyopia will have the opportunity to experience the benefits that this lens offers," said JoeGordon, U.S. president, Bausch + Lomb. The net benefit primarily relates to the deferred tax impact associated with a step up in tax basis for Swiss Cantonal purposes and a change in tax rates on deferred taxes associated with intellectual property, which are partially offset by the amortization on previously established deferred tax assets from intercompany intellectual property transactions and a charge related to a change in the Company's permanent reinvestment assertion on certain historical earnings.

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