Baxter International Inc. Chief Executive Robert L. Parkinson Jr. received compensation valued at $11.5 million in 2010, down 20 percent from the prior year amid a sharp reduction in his annual bonus and a tumultuous year for the medical-products company. Get the full story »
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FDA issues warning to Baxter over drug promotion
Federal health regulators have issued a warning letter to Baxter International Inc. for exaggerating the benefits of its lung drug in brochures to physicians.
The Food and Drug Administration letter cites the Deerfield, Ill.-based company for making “misleading efficacy claims” in promotional materials for its drug Aralast.
Baxter recalling Hylenex for glass particles
By Bruce Japsen | Medical product giant Baxter International Inc. and a San Diego biotech
company issued a voluntary recall of Hylenex vials after discovering
small “flake-like glass particles in a limited number of vials.”
The recall comes less than a year after Baxter launched the product as
a new way to administer intravenous fluids to rehydrate children and
infants more quickly and efficiently. Hylenex can be administered
without the tricky search for a tiny vein.
S&P lowers Baxter outlook but maintains ratings
Associated Press | Standard & Poor’s Ratings Services reduced
its outlook on Baxter International Inc. Thursday, but said Baxter’s
diverse range of products will help it deal with a recall of its drug
infusion pumps.
Standard & Poor’s said its view of Baxter’s credit is “Stable,” down
from a previous “Positive” outlook. The firm maintained its
investment-grade “A+” corporate credit rating on the company.
