Regulatory Approval and Compliance Risks: Failure to obtain or maintain necessary regulatory approvals for products, or non-compliance with health and safety regulations, could lead to product recalls, fines, market withdrawal, and reputational damage.

Intense Competition and Pricing Pressure Risks: Bausch + Lomb operates in highly competitive markets for eye care products, surgical devices, and contact lenses, facing established global players, which can lead to pricing pressure, reduced market share, and lower profitability.

Product Liability and Litigation Risks: As a manufacturer of medical devices and pharmaceutical products, the company faces inherent risks of product liability claims and lawsuits alleging injury or adverse effects, which could result in substantial legal expenses, damages, and reputational harm.