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 […]
Baxter
Baxter-sponsored study supports use of hemodynamic monitoring to help predict outcomes
Baxter (NYSE:BAX) announced today that study findings supported stroke volume and cardiac monitoring for predicting patient outcomes. The Baxter-sponsored study found that monitoring stroke volume and cardiac output trends for patients with critical conditions may offer vital insight into cardiac function and aid in predicting patient outcomes, including mortality. Deerfield, Illinois-based Baxter’s study findings were […]
FDA clears Baxter’s continuous renal replacement therapy system
Baxter (NYSE:BAX) announced today that it received FDA 510(k) clearance for its ST Set in continuous renal replacement therapy (CRRT). Deerfield, Illinois-based Baxter designed the ST Set as a pre-connected, disposable, extracorporeal circuit that provides blood purification through a semipermeable membrane for use with the PrisMax or Prismaflex control units. The platform has been available […]
Baxter settles with the SEC for $18M
The U.S. Securities and Exchange Commission announced today that Baxter will pay an $18 million penalty over foreign exchange trading practices that misstated the company’s earnings. In its annual report out today, Baxter said that it agreed to cease and desist from future violations, though it did not admit or deny the findings in the […]
Baxter warns of alarm malfunction on some infusion pumps
Baxter (NYSE:BAX) announced today that it has issued an urgent safety communication regarding upstream occlusion alarms for certain infusion pumps. Deerfield, Illinois–based Baxter warned that incorrect administration set setup and/or the incomplete resolution of upstream occlusion alarms may result in reduced delivery or non-delivery of medication. The problem might occur without the users receiving alerts […]
Baxter profits up 42% in Q4
Baxter (NYSE:BAX) today posted fourth-quarter results that beat the overall consensus on Wall Street. The Deerfield, Illinois-based company reported profits of $242 million, or 47¢ per share, on sales of $3.5 billion for the three months ended Dec. 31, 2021, for a bottom-line gain of 41.5% on sales growth of 10.5% compared with Q4 2020. Adjusted […]
Baxter completes $12.5B acquisition of Hillrom
Baxter (NYSE:BAX) announced today that it completed its previously announced $12.5 billion acquisition of Hillrom (NYSE:HRC). Deerfield, Illinois–based Baxter paid $156 in cash for each outstanding share of Hillrom common stock, totaling a purchase price of $10.5 billion. Adding in the assumption of Hillrom’s outstanding debt obligations, the transaction’s enterprise value comes to approximately $12.5 […]
Baxter touts data supporting use of machine learning for infusion pump programming
Baxter (NYSE:BAX) announced today that data shows the potential for machine learning supporting decision-making with infusion pump programming. Deerfield, Illinois-based Baxter presented the data from a retrospective study — part of a collaboration with MedAware aimed to develop next-generation dose error reduction software — at the American Society of Health-System Pharmacists (ASHP) 2021 Midyear Clinical Meeting. […]
Baxter, 3M, Abbott near the top of Newsweek’s most responsible companies list
Several medtech, healthcare and life sciences companies, including big names like Abbott (NYSE:ABT), 3M (NYSE:MMM) and Baxter (NYSE:BAX), are among the 500 “most responsible,” according to Newsweek. The outlet published its “America’s Most Responsible Companies 2022” list, marking the third installment of the compilation (in partnership with Statista), this time expanded to include 500 of […]
The 10 largest medtech employers of 2021 – and what their employees really think
Employees of the 10 largest medtech employers are proud of working on life-saving products — with a greater appreciation for diversity and inclusion initiatives. That was one major takeaway as Medical Design & Outsourcing compiled some current and former employee reviews posted on Glassdoor. (Browse the online version of our Big 100 report.) Despite the pride, there was […]
Baxter bolsters fill-finish capabilities with $100M investment in Germany
Baxter International (NYSE:BAX) plans to invest roughly $100 million to expand a sterile fill-finish manufacturing plant in Halle/Westfalen, Germany. BioPharma Solutions (BPS), a subsidiary of Deerfield, Illinois–based Baxter, will manage the new facility. BPS supports pharmaceutical companies through a range of offerings, including scientific support, sterile contract manufacturing and parenteral delivery systems. Get the full […]