Baxter: A Health Care Company of Critical Care, Nutrition, Renal, Hospital, and Surgical Products
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Here I would like to introduce you to some unfamiliar companies that you may probably haven't heard of, and hope it can be of some help to your investments.
The company I'm going to introduce this time is $Baxter(BAX)$. It went public in 1961.
[Company Profile]
Baxter International, Inc. engages in the provision of a portfolio of essential renal and hospital products, including acute and chronic dialysis, sterile IV solutions, infusion systems and devices, parenteral nutrition therapies, premixed and oncolytic injectable, bio surgery products and anesthetics, drug reconstitution systems and pharmacy automation, software, and services.
[History & Events]
1931: Baxter was founded and later introduced the TRANSFUSO-VAC container for blood collection and storage
1941: The company brought to market the PLASMA-VAC container, which for the first time allowed plasma to be separated from whole blood for storage.
1954: The company expanded operations outside of the United States by opening an office in Belgium.
1956: Baxter introduced the first commercially-built kidney dialysis system, making the first move into a realm in which the company would continue to be an innovator.
1985: Baxter acquired its early partner, American Hospital Supply Company.
1994: HOMECHOICE, the automated peritoneal dialysis (APD) system, launched.
2012: The company acquired Sigma, a manufacturer of smart infusion pumps, and Synovis Life Technologies, Inc., a microsurgery products company.
2021: Baxter BioPharma Solutions, the manufacturing organization, entered into agreements with Novavax and Moderna to provide fill/finish sterile manufacturing services and supply packaging of COVID-19 vaccines.
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