Bausch Health skyrockets 27 after saying it will spin off its eye-care business BHC

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Bausch Health announced on Thursday that it plans to spin off its eye-care business.

Shares of the company skyrocketed as much as 27 in premarket trading Thursday.

The spinoff will result in two companies the eye care business, and a "diversified pharmaceutical company with leading positions in gastroenterology, aesthetics dermatology, neurology, and international pharmaceuticals," the company said.

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Shares of Bausch Health skyrocketed as much as 27 in premarket trading Thursday after the company announced its intention to spin off its eye-care business.

The pharmaceutical company plans to separate its Bausch Lomb brand and portfolio of eye products into an independent and publicly traded company, it said in a press release Thursday. See the rest of the story at Business InsiderNOW WATCH: Why Pikes Peak is the most dangerous racetrack in AmericaSee Also:15 email etiquette rules every professional should knowKnowing when to hand write notes and when you should type will help you to remember the most important facts, recall concepts, and get smarter overall9 simple reading strategies that will improve your memory and make you smarter

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