02:13 PM EDT, 07/24/2024 (MT Newswires) -- Bausch Health Companies ( BHC ) on Wednesday denied a report from credit-intelligence company Reorg that it is considering bankruptcy.

The company, whose shares were last seen down 21%, said the report was based on unsubstantiated rumors and cited unnamed sources.

"The article contains unsubstantiated rumors, including that the Company is considering a bankruptcy or insolvency proceeding of any kind - it is not. We understand that Reorg has subsequently issued an update to its original news article to clarify that the Company has not been involved in discussions with its creditors regarding bankruptcy proceedings. The Company's policy is not to provide further comment on speculation," it said in a release.

Bausch shares were last seen down down $2.16 to $8.27 on the Toronto Stock Exchange, after earlier touching $5.45, their lowest in more than 15 years.

Price: 8.26, Change: -2.17, Percent Change: -20.81