• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Opinions
    • Top 30
    • Research
    • Supply Chain
    • Device Sectors
    • Directory
    • Events
    • Resources
    • Microsites
    • More
  • Magazine
  • News
  • Opinions
  • Top 30
  • Research
  • Supply Chain
  • Device Sectors
  • Directory
  • Events
  • Resources
  • Microsites
  • Current / Back Issues
    Features
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Reprints
    Subscribe Now
    Advertise Now
    Top Features
    Pharmaceutical Focus: A Look at Combination Products

    The Printed World: Additive Manufacturing in Medtech

    The Lost Year: 2020 Year in Review

    Extrusion Evolution

    Little Big Parts: Micromolding Under the Microscope
    OEM News
    Supplier News
    Service / Press Releases
    Online Exclusives
    Press Releases
    People in the News
    Product & Service Releases
    Supplier News
    Medtech Makers
    Technical Features
    International News
    Videos
    Product & Service Releases
    Live From Shows
    Top News
    Optimize EP Launches CaRM Cardiac Device Data Management Platform

    U.S. TAVR Market Projected to Reach Nearly $5 Billion by 2030

    FDA Clears Canon Medical's Compressed SPEEDER for 3D Exams on 1.5T MR

    Cognito Therapeutics’ Lead Product Receives FDA Breakthrough Device Designation

    Moon Surgical Expands Leadership Team
    From the Editor
    Blogs
    Guest Opinions
    Top Opinions
    Pharmaceutical Focus: A Look at Combination Products

    The Printed World: Additive Manufacturing in Medtech

    The Lost Year: 2020 Year in Review

    Extrusion Evolution

    Little Big Parts: Micromolding Under the Microscope
    Top 30 Medical Device Companies
    Market Data
    White Papers
    Top Research
    Fixing Face Mask Form and Function

    The Heart of the Matter: Trends in Cardiology

    Virtually the Same? The Challenges of Online Conferences

    Digital Health Delivers During a Year for the Ages

    Advanced Technology for Staking and Swaging Medical Plastics
    3D/Additive Manufacturing
    Contract Manufacturing
    Electronics
    Machining & Laser Processing
    Materials
    Molding
    Packaging & Sterilization
    R&D & Design
    Software & IT
    Testing
    Tubing & Extrusion
    Cardiovascular
    Diagnostics
    Digital Health
    Neurological
    Patient Monitoring
    Surgical
    Orthopedics
    All Companies
    Categories
    Company Capabilities
    Add New Company
    Outsourcing Directory
    FUTEK Advanced Sensor Technology Inc.

    Medicoil

    Element

    PTI Engineered Plastics Inc.

    Medbio LLC
    MPO Summit
    Industry Events
    Webinars
    Live From Show Event
    Industry Associations
    Videos
    Career Central
    eBook
    Slideshows
    Top Resources
    Meeting Critical Ventilator Product Requirements Amid Pandemic

    Impact of COVID-19 on the Medtech Supply Chain

    Finding the Upside to a Challenging Year

    Preparing Your Design Controls for FDA Approval

    A 'Trial and Error' Approach to Micromolded Parts
    Companies
    News Releases
    Product Releases
    Press Releases
    Product Spec Sheets
    Service Releases
    Case Studies
    White Papers
    Brochures
    Videos
    Outsourcing Directory
    Medbio LLC

    Medicoil

    Creganna Medical, part of TE Connectivity

    Qosina Corp.

    Spectrum Plastics Group
    • Magazine
      • Current/Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Editions
      • Subscribe Now
      • Advertise Now
    • News
    • Directory
      • All Companies
      • ALL CATEGORIES
      • Industry Associations
      • Company Capabilities
      • Add Your Company
    • Supply Chain
      • 3D/Additive Manufacturing
      • Contract Manufacturing
      • Electronics
      • Machining & Laser Processing
      • Materials
      • Molding
      • Packaging & Sterilization
      • R&D & Design
      • Software & IT
      • Testing
      • Tubing & Extrusion
    • Device Sectors
      • Cardiovascular
      • Diagnostics
      • Digital Health
      • Neurological
      • Patient Monitoring
      • Surgical
      • Orthopedics
    • Top 30 Company Report
    • Expert Insights
    • Slideshows
    • Videos
    • Podcasts
    • Resources
    • eBook
    • Infographics
    • Whitepapers
    • Research
      • White Papers
      • Case Studies
      • Product Spec Sheets
      • Market Data
    • MPO Summit
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Microsite
      • Companies
      • Product Releases
      • Product Spec Sheets
      • Services
      • White Papers / Tech Papers
      • Press Releases
      • Videos
      • Literature / Brochures
      • Case Studies
    • About Us
      • About Us
      • Contact Us
      • Advertise with Us
      • eNewsletter Archive
      • Privacy Policy
      • Terms of Use
    Top30

    10. Baxter

    ...

    Related CONTENT
    • CarThera Appoints Board Chairman
    • Gaming Through Surgery: Apps Prepare Clinicians for Challenging Cases
    • New 'Liquid Biopsy' Blood Test improves Breast Cancer Diagnostics
    • LivaNova Welcomes New Board Member
    • Mayo Clinic & Boston Scientific Launch 'Motion Medical' Accelerator
    07.30.19
    AT A GLANCE
    Rank: #10 (Last year: #10)
    $11.12 Billion
    Prior Fiscal: $10.56 Billion
    Percentage Change: +5.3%
    No. of Employees: 50,000
    Global Headquarters: Deerfield, Ill.

    KEY EXECUTIVES
    José (Joe) E. Almeida, Chairman, President, and CEO
    James (Jay) Saccaro, Exec. VP and CFO
    Laura Angelini, General Manager, Renal Care
    Wil Boren, President, Advanced Surgery
    Robert Felicelli, President, Pharmaceuticals
    David Ferguson, Ph.D., General Manager, Medication Delivery
    Heather Knight, General Manager, U.S. Hospital Products
    Reaz Rasul, General Manager, Acute Therapies
    Jorge Vasseur, General Manager, Clinical Nutrition

    Founded in 2006, the University of Southern California (USC) Center for Body Computing (BCB) was one of the county’s first academically-based digital health research and innovation centers. Over the last 13 years, the USC BCB has been working on the digital health frontier, honing expertise in implantable and wearable sensors, smartphone-enabled virtual care, big data, artificial intelligence (AI)/machine learning, and virtual reality to build patient-centric applications and services. For example, the USC BCB’s ambitious, ongoing “Virtual Care Clinic” connects patients with an AI-powered avatar of their real-life doctor via the “Doc On” app to answer patient and caregiver questions.

    Last September, USC BCB began a collaboration with Baxter International to develop life-sustaining digital solutions. Though more specific information was scarce, the two will focus on open innovation around the continuum of care, establish further business collaborations as they go, and build software solutions. As a USC BCB member, Baxter joins a team of leading companies, non-profit organizations, and government agencies working to modernize healthcare.

    A few days later, the Mayo Clinic and Baxter joined forces to build a renal care center of excellence at the Mayo Clinic Dialysis Center in Jacksonville, Fla. The dialysis clinic, the first launched initiative from the five-year agreement the two had made in 2017, will combine Baxter’s clinical service model and chronic kidney disease (CKD) management program with Mayo Clinic’s state-of-the-art dialysis services in a comfortable, home-like facility.

    “The collaboration between Mayo Clinic and Baxter combines the best of our clinical, research and innovation expertise, and is rooted in the shared goal to improve the way we care for patients with serious and complex illnesses,” Gianrico Farrugia, M.D., CEO of Mayo Clinic in Florida and president-elect of Mayo Clinic, told the press.

    The partnership also opens the possibility for trials of new, co-developed renal care products and services. In the meantime, the outpatient clinic will offer CKD management, home dialysis, and in-center dialysis services.

    Renal Care is Baxter’s largest business, making up nearly a third of the firm’s $11.12 billion proceeds last year (which were up 5.3 percent from the year prior). The Renal Care segment posted $3.7 billion in revenue last year, jumping 5 percent over the previous year’s total. Worldwide growth of the company’s peritoneal dialysis business and increased hemodialysis international sales drove Renal Care’s expansion last year.

    Medication Delivery—which encompasses IV therapies, infusion pumps, administration sets, and drug reconstitution devices—fell a mere 1 percent in sales from the prior year, achieving $2.7 billion in revenue.

    2017’s Hurricane Maria caused supply constraints for Baxter’s small volume parenterals as well as lower international sales resulting from reallocation of volume to the U.S. Those supply constraints caused some customers to change protocols for use for those products, or else switch to competitive products.

    Last January, Baxter launched the Arisure Closed System Transfer Device, which consists of several components working together to prevent contaminants from entering the IV delivery system and stop hazardous substances from leaving it during drug preparation and administration. A closed vial adapter helps provide closed access to liquid or powder vials for reconstitution, a closed male Luer valve for closed diluent or drug transfer from a standard male Luer tip, and an IV dry spike for closed access to an IV bag for drug/solution addition or removal.

    The Spectrum IQ Infusion System with Dose IQ Safety Software obtained FDA clearance last May. It was the first device of its kind meant specifically for bi-directional electronic medical records (EMR) integration. Embedded on-screen barcode technology removes the need for a sticker barcode, providing clinicians with scan prompts to maintain or increase auto-programming compliance and automatically document infusion data in the EMR. The Spectrum IQ pump also features a visual notification matching the infusion pump and medicine being infused. Baxter partnered with First Databank to integrate its evidence-based IV medication library into Dose IQ safety software to make infusion delivery safer.

    The Evo IQ Infusion System won CE mark approval last August. Evo IQ’s scalable platform and user-centric design includes an advanced drug library, Dose IQ error reduction software, and One Set technology, which allows easy switch between gravity and pump applications without changing sets. Evo IQ also alerts clinicians if programming exceeds limits specified for that medication, stopping delivery if necessary.


    ANALYST INSIGHTS: CEO Joe Almeida continues to transform Baxter into a more aggressive company across its business segments. Watch for implementation of digital healthcare solutions to strengthen key portions of its portfolio—which will lead to the possibility of expanding their relationship with patients to create additional ‘consumer health’ opportunities for Baxter.

    —Dave Sheppard, Co-Founder and Managing Director, MedWorld Advisors



    Baxter also began moving Spectrum infusion pump repair operations from its Medina, N.Y., facility to Illinois last August. The decision impacted about 130 employees, who were fortunately able to apply for other positions in the company. Spectrum infusion pump manufacturing operations, which were also located in Medina, were unaffected.

    The Advanced Surgery franchise, which houses biological products and medical devices used in surgical procedures for hemostasis, tissue sealing, and adhesion prevention, ballooned an impressive 13 percent in sales last year to reach $800 million. This increase was mainly provoked by the acquisition of two hemostat and sealing products early last year, as well as improved core hemostat and sealant sales.

    Baxter began the deal to purchase Mallinckrodt plc’s RECOTHROM and PREVELEAK products last January. Collecting these two products expanded the firm’s portfolio of surgical solutions to address intraoperative bleeding. At the time, RECOTHROM Thrombin topical (Recombinant) was the first and only standalone recombinant thrombin. It aids hemostasis when oozing blood and minor bleeding from capillaries and small venules is accessible, and standard surgical techniques to control the bleeding are impractical or ineffective. PREVELEAK Surgical Sealant is used to seal suture holes formed during surgical repair in vascular reconstruction procedures. The acquisition of these was completed last March, contributing $52 million to last year’s sales.

    Last September, the FDA cleared the Actifuse Flow Bone Graft Substitute for a variety of orthopedic surgical procedures. Actifuse Flow helps accelerate bone growth with a prepackaged delivery system for precise placement in small bony voids or skeletal system gaps, making it compatible with open and less invasive techniques. The latest addition to the firm’s osteobiologics surgery portfolio, Actifuse Flow is well-suited for filling small bone defects and complex geometries. Its first applications are expected to be for orthopedic procedures in the pelvis, extremities, and posterolateral spine. ALTAPORE was officially unveiled at last year’s North American Spine Society annual meeting.

    The ALTAPORE Bioactive Bone graft gained FDA clearance as an autograft extender in posterolateral spinal fusion last September as well. Previously cleared for orthopedic surgical procedures in the extremities and pelvis, ALTAPORE’s enhanced porosity allows earlier vascularization, increased cellular activity, and improved volume of new bone growth.

    The Disposable Curved Application to improve delivery of Baxter’s Floseal Hemostatic Matrix launched last December. Its atraumatic design minimizes tissue damage during ENT procedures, addressing intraoperative bleeding during skull base surgery, functional endoscopic sinus surgeries, septoplasties, and control of bleeding during nasal and sinus surgery.

    Acute Therapies generated $517 million last year, leaping 13 percent over the previous year. The significant bump was due to higher demand for the company’s continuous renal replacement therapies systems to treat acute kidney injuries, as well as higher demand for other products from an intense flu season last year.

    The PrisMax system and TherMax blood warmer won CE mark approval last October. PrisMax, combined with specialty dialyzers, delivers a complete range of extracorporeal therapies to remove waste products, excess fluids, and inflammatory mediators from the blood. It is intended to make therapy delivery simpler and more efficient while boosting ICU treatment accuracy. Once purified outside the body, the TherMax warmer ensures blood is the correct temperature to return to the body. Advanced safety features in TherMax also detect leaks and ensure the proper setup.

    The Tisseel Prima syringe was unveiled at last November’s American Association of Gynecologic Laparoscopists meeting. Carrying Baxter’s Tisseel fibrin sealant, the Prima syringe comes fully assembled and, according to Baxter data on file, is eight times easier to push than the previous Tisseel syringe. The firm also introduced the Tisseel 40cm Duplotip Rigid Applicator, an extended length applicator for hard-to-reach areas in laparoscopic surgery.

    Shortly thereafter, at last year’s American Society for Metabolic and Bariatric Society—Obesity Week meeting, the Peri-Strips Dry with Veritas (PDSV) Circular Staple Line Reinforcement with Secure Grip technology was revealed. PDSV Circular lets a circular stapler to advance across the incision site during bariatric surgery with minimal tissue injury while protecting the buttress. Secure Grip technology provides secure PDSV placement onto a circular surgical stapler.

    Baxter’s Pharmaceuticals franchise advanced 11 percent last year to reach $2.1 billion in sales, mainly thanks to the July 2017 completion of the Claris Injectables acquisition and increased premixed injectables and inhaled anesthetics sales. The Clinical Nutrition business fell 1 percent to reach $877 million last year as a result of Hurricane Maria-related supply constraints. “Other,” which houses the company’s pharmaceutical partnering business, rose 12 percent to accrue $510 million in revenue last year.
    Related Searches
    • medical
    • autograft
    • first
    • big data
    Suggested For You
    CarThera Appoints Board Chairman CarThera Appoints Board Chairman
    Gaming Through Surgery: Apps Prepare Clinicians for Challenging Cases Gaming Through Surgery: Apps Prepare Clinicians for Challenging Cases
    New New 'Liquid Biopsy' Blood Test improves Breast Cancer Diagnostics
    LivaNova Welcomes New Board Member LivaNova Welcomes New Board Member
    Mayo Clinic & Boston Scientific Launch Mayo Clinic & Boston Scientific Launch 'Motion Medical' Accelerator
    Catching Its Breath: Observations from the 2019 Top Companies Reports Catching Its Breath: Observations from the 2019 Top Companies Reports
    FDA OKs Baxter FDA OKs Baxter's Next-Gen Renal Replacement Therapy & Plasma Exchange Device
    The 2019 Top 30 Global Medical Device Companies The 2019 Top 30 Global Medical Device Companies
    2. Johnson & Johnson 2. Johnson & Johnson
    22. Dentsply Sirona 22. Dentsply Sirona
    23. Canon Medical Systems 23. Canon Medical Systems
    27. Hologic 27. Hologic
    29. Hillrom 29. Hillrom
    Opportunities in New Therapy Applications Boosting Development of Advanced Elastomeric Infusion Pump Opportunities in New Therapy Applications Boosting Development of Advanced Elastomeric Infusion Pump
    Viant Appoints New CEO Viant Appoints New CEO

    Related Top30

    • The 2020 Top 30 Global Medical Device Companies

      The 2020 Top 30 Global Medical Device Companies

      Leadership changes, divestments, and portfolio-building partnerships—through acquisition or collaboration—were common threads among medtech’s largest players.
      MPO Editors 07.21.20

    • The 2019 Top 30 Global Medical Device Companies

      The 2019 Top 30 Global Medical Device Companies

      ...
      Sean Fenske, Michael Barbella, & Sam Brusco, MPO Editorial Staff 07.30.19

    • 1. Medtronic

      1. Medtronic

      ...
      07.30.19


    • 2. Johnson & Johnson

      2. Johnson & Johnson

      ...
      07.30.19

    • 3. GE Healthcare

      3. GE Healthcare

      ...
      07.30.19

    • 4. Abbott

      4. Abbott

      ...
      07.30.19


    • 5. Philips

      5. Philips

      ...
      07.30.19

    • 6. BD

      6. BD

      ...
      07.30.19

    • 7. Cardinal Health

      7. Cardinal Health

      ...
      07.30.19


    • 7. Siemens Healthineers

      7. Siemens Healthineers

      ...
      07.30.19

    • 9. Stryker

      9. Stryker

      ...
      07.30.19

    • 11. Boston Scientific

      11. Boston Scientific

      ...
      07.30.19


    • 12. Danaher

      12. Danaher

      ...
      07.30.19

    • 13. EssilorLuxottica

      13. EssilorLuxottica

      ...
      07.30.19

    • 14. Zimmer Biomet

      14. Zimmer Biomet

      ...
      07.30.19


    Trending
    • Meeting Critical Ventilator Product Requirements Amid Pandemic
    • STERIS To Buy Cantel Medical For $4.6B
    • Cytotron Gains Breakthrough Status To Treat Breast, Liver, And Pancreatic Cancers
    • Portable, Home-Use Device Quickly Measures Inflammation Levels
    • Medtech Matters: Talking Robotic Surgery With Zimmer Biomet
    Breaking News
    • Optimize EP Launches CaRM Cardiac Device Data Management Platform
    • U.S. TAVR Market Projected to Reach Nearly $5 Billion by 2030
    • FDA Clears Canon Medical's Compressed SPEEDER for 3D Exams on 1.5T MR
    • Cognito Therapeutics’ Lead Product Receives FDA Breakthrough Device Designation
    • Moon Surgical Expands Leadership Team
    View Breaking News >
    CURRENT ISSUE

    November/December 2020

    • Pharmaceutical Focus: A Look at Combination Products
    • The Printed World: Additive Manufacturing in Medtech
    • The Lost Year: 2020 Year in Review
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Brown Fat Associated with Reductions in Chronic Disease Risk
    NIH Study Identifies Antibacterial Properties in Taurine
    NSF Begins New Certification Program
    Coatings World

    Latest Breaking News From Coatings World

    Zeppelin Acquires MTI Mischtechnik
    Ezio Braggio Joins ChemQuest Europe
    IFS Coatings Announce Carbon Offset Program
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Optimize EP Launches CaRM Cardiac Device Data Management Platform
    U.S. TAVR Market Projected to Reach Nearly $5 Billion by 2030
    FDA Clears Canon Medical's Compressed SPEEDER for 3D Exams on 1.5T MR
    Contract Pharma

    Latest Breaking News From Contract Pharma

    KORSCH, MEDELPHARM Partner on R&D Equipment Portfolio
    Frontage Bolsters Clinical Services Capabilities
    Sanofi Unveils EUROAPI as Name of New European API Company
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Neenah to Host Packaging Webinar for Printers
    W.S. Badger is Named a ‘150 Top Impact Company’
    Mana Products, Meiyume and RPG Form The Vertical Beauty Alliance
    Happi

    Latest Breaking News From Happi

    Amyris Named a Top Social & Environmental Impact Company
    L'Oréal Bans Animal Hair in Brushes
    Ashland Launches Antaron ECo Gel
    Ink World

    Latest Breaking News From Ink World

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    Techkon USA, Konica Minolta Partner
    Alon Bar-Shany Appointed Chairman of Highcon Board
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Exhibitor registration opens for virtual.drupa
    FTA planning in-person Forum & INFOFLEX
    Fortis Solutions Group achieves SGP certification
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Shemesh Adds U.S. Headquarters
    TZMO USA, Special Needs Group Form Partnership
    BAHP Announces 2021 Officers, Board of Directors
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Rapid Recovery Protocol Can Lead to Increased Range of Motion After TKA
    Boston Scientific Releases WaveWriter Alpha Spinal Cord Stimulators in U.S.
    New Chief Clinical Officer on Board at IncludeHealth
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Toppan Announces 2050 Environmental Vision
    SOI Industry Consortium Joins SEMI as Strategic Association Partner

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login