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Financial Report: Baxter 1Q

BioScience business revenues up 2%

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By: Kristin Brooks

Managing Editor, Contract Pharma

Baxter 1Q Revenues: $3.8 billion (-2%)   1Q Earnings: $430 million (-23%)   Comments: Sales in the U.S. grew 4% to $1.7 billion, while international sales were $2.1 billion, down 6%. Excluding the impact of foreign currency, Baxter’s sales grew 4% in the quarter. Baxter’s BioScience business generated revenues of $1.4 billion, up 2% driven by immunoglobulin treatments for primary immunodeficiency (PI), hemophilia and inhibitor therapies, and certain biotherapeutics. Medical Products sales were ...

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