Acquisition And TakeoverBlackstone backed out of a potential acquisition of BLCO over price, suggesting a takeout is not imminent and expected to rekindle investor concerns on the timing or likelihood of the spin.
Regulatory And Pricing ChallengesXiidra may face incremental headwinds due to potential impacts from the Inflation Reduction Act and changes in payor coverage, creating uncertainty about its net price.
Separation And SpinBLCO shares have largely been under pressure since its IPO as investor concerns on a potential spin have outweighed any positive fundamental trends, and it is unlikely for BLCO to get full credit from investors until there is more visibility into the spin or other path towards separation.