Baxter will shutter its manufacturing facility in Acton, Massachusetts. In a statement shared with MassDevice, the company said: “We made the difficult decision to close manufacturing operations at our Acton location. We are moving these operations to another facility within Baxter’s integrated supply chain network. We appreciate our Acton-based colleagues’ dedication and service and are […]
Baxter
Baxter in talks over Kidney Care sale, expects separation later this year
Baxter today shared an update on the planned separation of its Kidney Care business as it looks at a potential sale instead of a spinoff. In January 2023, Baxter announced plans to spin its renal care and acute therapies units into an independent, publicly traded company. It said at the time that it expected the […]
Layoffs in medtech: These companies recently reduced their workforce
The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
Baxter beats The Street in Q4, kidney care spin progresses
Baxter shares ticked up today on fourth-quarter results that came in ahead of the consensus forecast. Shares of BAX rose 1.2% at $39.87 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — dipped 0.2%. The Deerfield, Illinois-based company posted profits of $245 million. […]
Baxter has a Novum IQ infusion pump warning
Correction: the original version of this article identified this as another recall for Novum IQ. Baxter issued a notification related to a Nov. 15 recall, not a notification for a separate recall. This story has been updated. Baxter (NYSE:BAX) issued an urgent medical device correction notice regarding its Novum IQ syringe infusion pump. A few […]
Baxter recalls some syringe pumps due to underdosing risk
The FDA determined that the recall of the Baxter Novum IQ syringe pump is Class 1, the most serious kind. Baxter designed its Novum IQ syringe pump as an infusion pump to deliver fluids into a patient’s body in a controlled manner. The device is suitable for patient care in hospitals and outpatient facilities for […]
Baxter completes biopharma divestiture, Q3 results fall in line with Wall Street expectations
Baxter shares ticked up today on third-quarter results that came in even with the consensus forecast. Shares of BAX were up 1.6% at $33.30 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose slightly. The Deerfield, Illinois-based company posted profits of $2.51 […]
Baxter launches image capture capability for PanOptic Plus ophthalmoscope
Baxter (NYSE:BAX) announced today that it launched a digital image capture capability for eye exams using its existing ophthalmoscope. Deerfield, Illinois-based Baxter added the iExaminer Pro system to its Welch Allyn PanOptic Plus ophthalmoscope. The scope came to Baxter through its $12.5 billion acquisition of Hillrom in 2021. The system adds a key technology to […]
Baxter picks a foodservice industry veteran as its new CFO
Baxter announced today that it appointed Joel Grade as EVP and chief financial officer (CFO). Grade joins after more than two decades in financial roles in the food services industry. He succeeds Jay Saccaro, who departed for the same role at GE HealthCare in May. Saccaro spent 21 years at Baxter, with the last eight […]
What are the largest medical device companies?
Medtronic, Johnson & Johnson MedTech and Siemens Healthineers again lead the Medtech Big 100 list of largest medical device companies. However, there is so much more to Medical Design & Outsourcing and MassDevice‘s 2023 edition of the Medtech Big 100 report. We pulled thousands of data points to provide information on annual revenue, R&D spending, […]
The biggest medtech personnel moves so far in 2023
More than halfway through 2023, we’ve seen plenty of movement in the personnel department across medtech. Last July, we broke down the biggest personnel moves in medtech so far in 2022. That was followed up by the full-year report in December. Through more than eight months, the changes atop medtech companies continue to arrive. Some […]