SLXP

Salix Pharmaceuticals Ltd

A maker of medicines for stomach and digestive troubles, Salix Pharmaceuticals focuses on gastrointestinal conditions, with drugs like Xifaxan for irritable bowel syndrome and a liver condition called hepatic encephalopathy. Founded in 1989 in Sunnyvale, California, the company grew through acquisitions and now operates as a subsidiary of Bausch Health (formerly Valeant). Its name comes from the Latin word for the willow tree — the natural source of the compound behind aspirin.