July 16, 2018 / 3:07 PM / a year ago

BUZZ-Valeant Pharma changes name to Bausch Health

** Drugmaker Valeant Pharmaceuticals International Inc officially changes its name to Bausch Health Cos Inc

** Move is seen as key to CEO Joseph Papa’s efforts to rebrand the company, once a Wall Street darling

** Shares of Valeant crashed in 2015 after media reports brought its business and accounting practices under the radar and censure from lawmakers regarding sharp price hikes

** Since then, Papa has focused on paying down towering debt and regaining investor confidence

** Company begins trading on New York Stock Exchange and Toronto Stock Exchange using the ticker symbol “BHC”

** BHC shares down 2.3 pct amid a larger dip in the healthcare sector

** Stock has risen 35.5 pct over the past year (Reporting by Tamara Mathias in Bengaluru)

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