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Baxter International Inc. reports news on its global medtech business, which supplies hospitals, physician offices and other care settings with connected solutions, medical devices and advanced injectable technologies. Company updates commonly cover results from continuing operations following the Kidney Care divestiture, portfolio activity in infusion therapies and platforms, surgical tables, smart stretchers, patient-support systems, monitoring tools, and hemostatic and sealing agents.
Baxter announcements also address product introductions such as the IV Verify Line Labeling System, conference showcases for Global Surgical Solutions, Advanced Surgery and Patient Support Systems, annual-meeting matters, executive finance leadership, and foundation partnerships tied to healthcare settings.
Baxter International has announced an agreement with Novavax to provide sterile manufacturing services for the COVID-19 vaccine candidate NVX-CoV2373. This partnership aims to support commercial-scale manufacturing for distribution in the UK and Europe. The facility in Halle/Westfalen, Germany, will ensure compliance with cGMP standards. Currently in phase 3 trials, the vaccine has not yet received authorization. Novavax's vaccine utilizes recombinant nanoparticle technology, aiming to provide a safe and effective solution amid the ongoing pandemic.
Baxter International Inc. (NYSE:BAX) announced a conference call to discuss its fourth-quarter 2020 financial results scheduled for February 4, 2021, at 7:30 a.m. Central Time. Interested participants can pre-register using the provided link or access the webcast via Baxter’s website. The call will be recorded and is copyrighted material.
Baxter has been a trusted provider of healthcare products for over 85 years, offering critical care, nutrition, and renal products in over 100 countries.
Baxter International (NYSE:BAX) will present at the 39th Annual J.P. Morgan Healthcare Conference via webcast. CEO José Almeida is scheduled to speak on January 11, 2021, at 9:10 a.m. ET. Investors can access the live webcast and slides at www.baxter.com, with replays available until February 11, 2021. Baxter has been a vital player in healthcare for over 85 years, providing critical care, nutrition, and surgical products across more than 100 countries.
Baxter International (NYSE:BAX) partners with AdventHealth Tampa to implement the Vital Edge program, expected to save the hospital approximately $200,000 annually. This program focuses on intraoperative hemostasis management, aiming to enhance clinical efficacy, operational efficiency, and financial performance. The initiative responds to growing concerns over surgical bleeding, which complicates patient outcomes and increases costs. Baxter's collaboration with AdventHealth aims to optimize the use of hemostatic agents, providing educational resources and data-driven insights for better hospital practices.
Baxter International Inc. (NYSE:BAX) announced a $50 million expansion of its sterile fill/finish manufacturing facilities in Bloomington, Indiana. This development, funded through Baxter and client investments, includes a new 25,000 sq. ft. warehouse, filling lines, and automated inspection lines. Construction is ongoing, with completion expected in 2021 and manufacturing set for 2022. The expansion will create approximately 100 new jobs at the site, enhancing Baxter's capabilities in sterile contract manufacturing for over 25 pharmaceutical companies.
Baxter International Inc. (NYSE:BAX) has received FDA clearance for its Homechoice Claria automated peritoneal dialysis (APD) system, featuring the Sharesource connectivity platform. This innovative system is designed for both adult and pediatric patients, enhancing remote patient management and promoting home dialysis growth. With over 6 million home dialysis treatments facilitated by Sharesource in the U.S., the new system aims to improve patient education and care efficiency. Homechoice Claria is slated for U.S. availability in the coming weeks.
Baxter International Inc. (NYSE:BAX) will participate in the Evercore ISI 3rd Annual HealthCONx virtual conference on December 1, 2020. Chief Financial Officer Jay Saccaro is set to present at 11:20 a.m. Eastern Time. The presentation will be available live via webcast at www.baxter.com and will remain accessible for replay until May 30, 2021. Baxter, a leader in medical products, supports millions of patients globally with critical care and surgical solutions, emphasizing innovative healthcare advancements for over 85 years.
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Baxter International proposes to offer $650 million in senior notes due 2031, subject to market conditions. The offering targets qualified institutional buyers under Rule 144A and non-U.S. investors through Regulation S. The proceeds will be used to redeem $750 million of senior notes due 2025, which were issued in 2020. This strategic move aims to bolster Baxter’s balance sheet amidst market uncertainties. The notes won't be registered under the Securities Act initially and are offered privately. This press release does not constitute an offer to sell.
Baxter International Inc. (NYSE:BAX) reported third-quarter 2020 earnings with worldwide sales of $2.97 billion, a 4% increase year-over-year. U.S. sales totaled $1.2 billion, rising 2%, while international sales reached $1.7 billion, reflecting a 6% growth. Net income decreased 3% to $356 million, or $0.69 per diluted share, due to special items totaling $75 million. The company anticipates low single-digit sales growth for the full year and expects U.S. GAAP earnings between $2.41 and $2.44 per share. Baxter also emphasized its commitment to kidney health and corporate responsibility initiatives.