Sanofi (NYSE:SNY) is said to be in advanced talks with BAX to sell its Seprafilm surgical products business for up to $400 million. SepraFilm is designed to prevent adhesion after abdominal surgeries. The French drugmaker, which acquired SepraFilm in 2011 when it paid $20.1 billion for Genzyme, wants to close the deal “with the next few […]
Baxter shifts $2B in pension obligations to insurer
Baxter (NYSE:BAX) this month moved to shift more than $2 billion in pension obligations to some 17,000 retired and former employees off of its books by inking an annuity plan with Prudential Insurance. The Chicago-area healthcare giant said it plans to use assets from the ex-workers’ plan, which it split last year from the existing pension […]
Baxter touts Sharesource home dialysis study
Baxter (NYSE:BAX) said today that patients treated with automated peritoneal dialysis cyclers and its Sharesource remote patient management platform showed significant reductions in hospitalization rates and hospitalization days. The results of a study comparing peritoneal dialysis patients managed with Sharesource to those not using the remote platform at home showed a 39% reduction in hospitalizations for […]
The 20 largest medical device companies in the world
Consolidations continue to transform the roster of largest medical device companies in the world — as evidenced by the latest Big 100 list at our sister site Medical Design & Outsourcing. Overall, Big 100 companies saw $397.5 billion in sales during their most recent fiscal years, up 3.5% from the previous year. As companies continue to […]
Baxter puts up $230m for Cheetah Medical
Baxter (NYSE:BAX) said today that it plans to acquire non-invasive hemodynamic monitoring technologies provider Cheetah Medical for a price that could exceed $200 million. Deerfield, Ill.-based Baxter said will pay $190 million for Cheetah Medical upfront, with the potential for an additional $40 million based on clinical and commercial milestones. The acquisition will provide Baxter with […]
Baxter foundation, Direct Relief ink diabetes pact
Baxter (NYSE:BAX) and Direct Relief announced today that they are launching a three-year program awarding funding to health centers and free and charitable clinics that are working to improve diabetes outcomes for patients. The program, Transformative Innovation Awards for Community Health: Incorporating Nutrition to Improve Diabetes Health Outcomes, will award $750,000 to the centers and clinics, […]
Baxter throws $500m behind CMS push for dialysis innovation
Baxter (NYSE:BAX) officials apparently think their company can benefit from a Trump administration and CMS proposal to provide extra reimbursement for new and innovative dialysis equipment and supplies. Just days ago, CEO Joe Almeida told analysts in an earnings call that the company planned to invest $500 million to significantly increase production capacity and meet new […]
Baxter ticks up on Q2 beats
Baxter (NYSE:BAX) shares gained in pre-market trading today after the company posted second-quarter numbers that topped the consensus forecasts for both sales and earnings. The Chicago-area healthcare giant reported profits of $343 million, or 66¢ per share, on sales of $2.84 billion for the three months ended June 30, amounting to flat sales and earnings growth […]
Trump reveals plan to overhaul kidney disease care
The Trump administration yesterday revealed its plan to overhaul the way kidney disease is treated in the U.S., looking to increase early detection and emphasize transplants and home hemodialysis instead of in-clinic treatment via executive order. Shares of dialysis providers DaVita Healthcare (NYSE:DVA) and Fresenius (NYSE:FMS) took a hit earlier this week on news of the changes. The executive […]
Baxter launches telehealth service for home dialysis treatments
Baxter (NYSE:BAX) today announced that it has launched its Sharesource 2.0 telehealth clinical portal. Sharesource is a telehealth platform for home dialysis the helps healthcare providers get better insight into a patient’s home peritoneal dialysis (PD) treatments. The system has helped manage more than 7 million PD treatments in more than 40 countries, according to the […]
Baxter closes $1.7B senior note offering
Baxter (NYSE:BAX) has closed an offering of senior notes worth approximately $1.68 billion (EU €1.5 billion), according to a recently posted SEC filing. The Deerfield, Ill.-based company said that it offered $841.3 million (EU €750 million) in 0.4% senior notes due 2024 and $841.3 million (EU €750 million) in 1.3% senior notes due 2029. The senior notes […]
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