The U.S. Cybersecurity and Infrastructure Security Agency (CISA) today issued a warning on some Baxter (NYSE:BAX) infusion pumps. Sigma and Baxter Spectrum infusion pumps are included in a CISA notice over remotely exploitable vulnerabilities. Those vulnerabilities include: missing description of sensitive data, use of externally controlled format string and missing authentication for critical functions. The […]
Baxter
What are the largest medical device companies?
Medtronic, Johnson & Johnson MedTech and Siemens Healthineers top the Big 100 list of largest medical device companies by revenue. The 2022 edition of MassDevice and Medical Design & Outsourcing‘s Big 100 report also holds surprises. Big conglomerates are spinning out medtech businesses as stand-alone companies, and that means changes to the list of the […]
FDA clears syringe infusion pump with Dose IQ software from Baxter
Baxter (NYSE:BAX) announced today that the FDA issued 510(k) clearance to its Novum IQ infusion pump with Dose IQ safety software. Deerfield, Illinois-based Baxter designed its new Novum IQ syringe infusion pump (SYR) to deliver small amounts of fluid at low rates. It includes a technologically integrated user experience with enhanced safety features. The system offers […]
Baxter, The Links partner to raise kidney health awareness in Black communities
Baxter (NYSE:BAX) announced today that it expanded its partnership with The Links to improve awareness and resources related to kidney health. An international not-for-profit organization, The Links will join Baxter to bring awareness to the disproportionate challenges affecting Black Americans related to kidney health. Deerfield, Illinois-based Baxter is committing an incremental $800,000 in funding to […]
BD wins patent lawsuit against Baxter over drug-transfer system
BD (NYSE:BD) picked up a legal victory in a patent spat with Baxter (NYSE:BAX) over a system for moving drugs. A federal judge in Chicago ruled that BD’s PhaSeal system for transporting hazardous drugs between syringes and vials doesn’t infringe two patents belonging to Baxter. U.S. District Judge Joan H. Lefkow granted BD summary judgment […]
Baxter misses on revenue in Q2, cuts outlook amid ‘macroeconomic headwinds’
Baxter (NYSE:BAX) shares are down today on mixed second-quarter results, with the medtech giant reducing its full-year outlook amid supply chain challenges and inflationary pressures. BAX shares were down more than 10% to $59.66 apiece in morning trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was up […]
Baxter’s Volara lung therapy system recall is Class I
The FDA issued a notice today labeling the recall of the Baxter (NYSE:BAX) Volara lung therapy system as Class I, the most serious kind. Earlier this month, Baxter announced that it issued an urgent medical device correction for its Volara system for oscillation and lung expansion (OLE) therapy. To date, there has been one complaint […]
Baxter warns of risks around Volara lung therapy at home
Baxter (NYSE:BAX) announced that it issued an urgent medical device correction for its Volara system for oscillation and lung expansion (OLE) therapy. The warning from Baxter for the Volara system — manufactured by Hillrom, which Baxter acquired for $12.5 billion last year — reinforces important safety information regarding a possible risk of the decrease in […]
Baxter expects sales growth momentum through 2025
Baxter (NYSE:BAX) today issued long-term financial guidance that projects growth over the next three years. Shares of BAX were up 1.5% at $74.98 per share in midday trading today in response to the news. Deerfield, Illinois-based Baxter expects sales growth between 4% and 5% on a compounded annual basis from 2022 through 2025, with free […]
Thanks, mom! Medtech leaders reflect on Mother’s Day
Everyone has a story about how they got into medtech, and it’s no surprise that many of those stories start with how we were raised. As Mother’s Day approaches, Medical Design & Outsourcing asked medtech leaders to share some thoughts about how their moms inspired their careers, the products they make and the companies they’ve built. We […]
Baxter posts Street-beating Q1 results, cites ‘positive momentum’ from Hillrom acquisition
Baxter (NYSE:BAX) this week posted first-quarter results that beat the overall consensus on Wall Street. The Deerfield, Illinois-based maker of products to kidney disease — and a host of other chronic and acute medical conditions — reported profits of $71 million, or 14¢ per share, on sales of $3.7 billion for the three months ended […]