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Baxter International

FDA’s Gottlieb updates on IV bag shortages after Hurricane Maria

January 17, 2018 By Sarah Faulkner

FDA

FDA commissioner Dr. Scott Gottlieb expects that the shortage of IV fluids caused by Hurricane Maria in Puerto Rico will improve in the coming weeks and months, according to a statement issued by the agency yesterday. The regulatory chief said that the FDA is working with manufacturers like Baxter (NYSE:BAX) and B. Braun to import products […]

Filed Under: Drug-Device Combinations, Featured, Food & Drug Administration (FDA), Pharmaceuticals Tagged With: B. Braun Medical, Baxter International, Fresenius, Grifols

Illinois AG sues Baxter for polluting lake

December 21, 2017 By Sarah Faulkner

Bax

Illinois attorney general Lisa Madigan hit Baxter Healthcare (NYSE:BAX) with a lawsuit yesterday, alleging that the company’s R&D facility dumped contaminated wastewater into a tributary that feeds into Long Lake, polluting the waters beyond allowable limits. Madigan filed the complaint in Lake County Circuit Court and urged the court to force Baxter to stop over-polluting the […]

Filed Under: Featured, Legal News, Wall Street Beat Tagged With: Baxter International

Here’s what the FDA is doing about IV fluid shortages following hurricanes Maria, Irma

November 17, 2017 By Sarah Faulkner

FDA

Nine weeks after hurricanes Maria and Irma brought devastation to Puerto Rico, FDA commissioner Dr. Scott Gottlieb says hospitals across the U.S. are reporting shortages of IV fluids – medical products that are often sourced from Puerto Rico. Hospitals are specifically noting that 0.9% injection bags of saline, used to inject drugs intravenously, are of […]

Filed Under: Drug-Device Combinations, Featured, Food & Drug Administration (FDA), Pharmaceuticals, Wall Street Beat Tagged With: Baxter International, FDA

Baxter launches asset tracking system for infusion pumps

September 27, 2017 By Sarah Faulkner

Bax

Baxter (NYSE:BAX) today launched the DeviceVue asset tracking solution for hospitals using its Sigma Spectrum infusion system. The product was designed to help clinicians and biomedical engineers quickly find unused pumps by viewing pump location and status data from their computers or phones. The company said it is the first and only smart infusion pump manufacturer to […]

Filed Under: Drug-Device Combinations, Featured, Hospital Care, Pharmaceuticals, Wall Street Beat Tagged With: Baxter International

Baxter closes $625m Claris Injectables buy

July 27, 2017 By Sarah Faulkner

Bax

Baxter (NYSE:BAX) said today that it closed its $625 million acquisition of Claris Lifesciences‘ (BOM:533288) injectable drug biz. According to the deal, Baxter gains Claris’ portfolio of injectable generics and three manufacturing plants. The Deerfield, Ill.-based company said it plans to add new aseptic manufacturing and lyophilization capabilities, as well as invest in new technology platforms, […]

Filed Under: Drug-Device Combinations, Featured, Mergers & Acquisitions, Pharmaceuticals, Wall Street Beat Tagged With: Baxter International, Claris Lifesciences

FTC approves Baxter’s $625m Claris buyout, with conditions

July 21, 2017 By Sarah Faulkner

Bax

The Federal Trade Commission approved Baxter‘s (NYSE:BAX) $625 million acquisition of Claris Lifesciences‘ (BOM:533288) injectable drug biz, but mandated that the companies divest two drugs products – an antifungal agent, fluconazole, and intravenous milrinone. The FTC filed a complaint saying that the original deal would likely reduce competition in the U.S. for fluconazole since Baxter […]

Filed Under: Featured, Mergers & Acquisitions, Pharmaceuticals, Wall Street Beat Tagged With: Baxter International, Claris Lifesciences

Baxter integrates DoseEdge with Epic’s Willow pharmacy system

June 26, 2017 By Fink Densford

Bax

Baxter (NYSE:BAX) said today it will integrate its DoseEdge Pharmacy workflow manager with the Epic Willow Impatient Pharmacy system. The Deerfield, Ill.-based company said that the bi-directional integration between the dedicated intravenous workflow system and electronic medical records to help hospitals meet compliance requirements with the Centers for Medicare & Medicaid Services and other payors. “Every time […]

Filed Under: Business/Financial News, Featured, Hospital Care Tagged With: Baxter International

Baxter sees shares lift on Street-beating Q1 earnings release

April 26, 2017 By Fink Densford

Bax

Baxter (NYSE:BAX) shares have risen today after the medical device company topped expectations on Wall Street with its 1st quarter earnings results. The Deerfield, Ill.-based company posted profits of $272 million, or 50¢ per share, on sales of $2.48 billion for the 3 months ended March 31. The company saw its bottom line shrink 92% while […]

Filed Under: Business/Financial News Tagged With: Baxter International

Hospira, Baxter subpoenaed in antitrust probe over intravenous saline

April 21, 2017 By Sarah Faulkner

gavel

Drugmakers received grand jury subpoenas from the U.S. Justice Dept. this week in connection with an antitrust probe into companies that market intravenous saline solutions. ICU Medical (NSDQ:ICUI), which recently acquired Hospira Infusion Systems from Pfizer (NYSE:PFE), and Baxter (NYSE:BAX) disclosed the subpoenas this week. Pfizer revealed that it is also wrapped up in the investigation, according […]

Filed Under: Featured, Hospital Care, Legal News, Pharmaceuticals, Wall Street Beat Tagged With: B. Braun Medical, Baxter International, ICU Medical, Pfizer Inc., U.S. Justice Dept.

Baxter reveals DoJ probe of Tisseel, Artiss sealants

February 24, 2017 By Fink Densford

Bax

Baxter (NYSE:BAX) this week said it received a civil investigative demand from the US Dept. of Justice’s Commercial Litigation Branch related to its Tisseel and Artiss products. The Deerfield, Ill.-based company said the inquiry relates to contingent discount arrangements and other promotions for the 2 sealant products, and that it was cooperating with the DoJ on […]

Filed Under: Business/Financial News, Legal News Tagged With: Baxter International

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