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Last $69.94 USD
Change Today +0.51 / 0.73%
Volume 2.0M
BAX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

baxter international inc (BAX) Snapshot

Open
$69.51
Previous Close
$69.43
Day High
$70.12
Day Low
$69.43
52 Week High
07/23/14 - $77.31
52 Week Low
02/20/15 - $65.94
Market Cap
38.0B
Average Volume 10 Days
2.8M
EPS TTM
$4.38
Shares Outstanding
543.5M
EX-Date
03/9/15
P/E TM
16.0x
Dividend
$2.08
Dividend Yield
2.97%
Current Stock Chart for BAXTER INTERNATIONAL INC (BAX)

baxter international inc (BAX) Related Businessweek News

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baxter international inc (BAX) Details

Baxter International Inc., develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. The company’s BioScience segment processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies, alpha-1 antitrypsin deficiency, burns and shock, and other chronic and acute blood-related conditions; and biosurgery products. The Medical Products segment manufactures intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, infusion pumps, and inhalation anesthetics; and products and services related to pharmacy compounding, drug formulation and packaging technologies, as well as to treat renal disease, irreversible kidney failures, and other renal therapies. This segment also offers products for peritoneal dialysis, in-center and home hemodialysis, continuous renal replacement therapy, and other dialysis services. It markets its products through direct sales force, independent distributors, drug wholesalers, and specialty pharmacy to hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors’ offices, clinical and medical research laboratories, and patients. The company operates in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and Canada. It has collaboration with Merrimack Pharmaceuticals, Inc. to develop and commercialize MM-398 injection; CTI BioPharma Corp. to develop and commercialize pacritinib; Coherus Biosciences, Inc. and Momenta Pharmaceuticals, Inc. to develop and commercialize biosimilars; JW Holdings Corporation for parenteral nutritional products; and Onconova Therapeutics, Inc. for rigosertib anti-cancer compound. The company was founded in 1931 and is based in Deerfield, Illinois.

66,000 Employees
Last Reported Date: 02/26/15
Founded in 1931

baxter international inc (BAX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.5M
Chief Financial Officer and Corporate Vice Pr...
Total Annual Compensation: $755.0K
Corporate Vice President and President of Bio...
Total Annual Compensation: $833.8K
Corporate Vice President, General Counsel and...
Total Annual Compensation: $651.0K
Corporate Vice President of Human Resources
Total Annual Compensation: $525.3K
Compensation as of Fiscal Year 2014.

baxter international inc (BAX) Key Developments

Merrimack Pharmaceuticals and Baxter Announces Completion of New Drug Application Submission to U.S. FDA for MM-398 as Treatment for Post-Gemcitabine Metastatic Pancreatic Cancer

Merrimack Pharmaceuticals, Inc. and Baxter International Inc. jointly announced that Merrimack has completed the rolling submission of the New Drug Application (NDA) for MM-398 (irinotecan liposome injection), also known as "nal-IRI," to the U.S. Food and Drug Administration (FDA). Merrimack is seeking U.S. marketing approval of MM-398 for the treatment of patients with metastatic adenocarcinoma of the pancreas who have been previously treated with gemcitabine-based therapy. The companies also announced that Merrimack has requested priority review of the MM-398 NDA by the FDA. Merrimack's application is based upon the results of an international Phase 3 study (NAPOLI-1) conducted in patients with metastatic pancreatic cancer who previously received gemcitabine-based therapy. MM-398 in combination with 5-fluorouracil (5-FU) and leucovorin achieved its primary and secondary endpoints by demonstrating a statistically significant improvement in overall survival, progression free survival and overall response rate compared to the control group of patients who received a combination of 5-FU and leucovorin. The most common Grade 3 or higher adverse events in patients receiving MM-398 and 5-FU/LV were neutropenia, fatigue and gastrointestinal effects. This was the first global Phase 3 study in a post-gemcitabine setting to show a survival benefit in this aggressive disease. The data were previously presented in June 2014.

Baxter International Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter 2015

Baxter International Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales $3,764 million compared to $3,848 million a year ago. a constant currency basis, sales increased 4%. Income from continuing operations before income taxes was $530 million compared to $653 million a year ago. Income from continuing operations was $420 million or $0.76 per diluted share compared to $507 million or $0.92 per diluted share a year ago. Net income was $430 million or $0.78 per diluted share compared to $556 million or $1.01 per diluted share a year ago. Adjusted pre-tax income from continuing operations (excluding special items) was $702 million compared to $765 million a year ago. Adjusted income from continuing operations (excluding special items) were $549 million or $1.00 per diluted share compared to $595 million or $1.09 per diluted share a year ago. Adjusted net income was $550 million or $1.00 per diluted share compared to $652 million or $1.19 per diluted share a year ago. GAAP earnings included net after-tax special items totaling $120 million or $0.22 per diluted share, primarily for intangible asset amortization and costs associated with the company's planned separation and the integration of its Gambro AB acquisition. These charges were partially offset by a benefit related to the reversal of certain business optimization reserves. The company provided earnings guidance for the second quarter 2015. The company expects sales growth of approximately 1%, excluding the impact of foreign currency. Including the impact of foreign currency, the company expects sales to decline approximately 9% to 10%. The company also expects earnings from continuing operations, before special items, of $0.92 to $0.96 per diluted share. The second quarter 2015 earnings guidance excludes approximately $0.08 per diluted share of projected intangible amortization expense. Reconciling for the inclusion of intangible asset amortization results in expected GAAP (Generally Accepted Accounting Principles) earnings of $0.84 to $0.88 per diluted share, before other special items, for the quarter. The company expects a tax rate of approximately 22% and an average share count of approximately 547 million shares.

Baxter International Seeks Acquisitions

Baxter International Inc. (NYSE:BAX) is looking for acquisitions. Bob Parkinson, Chairman and Chief Executive Officer of Baxter International states, "The numbers right now are tracking a little bit behind the model that we pulled together when we did the acquisition, but we continue to be very positive about the decision to make the acquisition, and the prospects of the business going forward."

 

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