IV fluid supply disruptions prompt Biden administration to invoke wartime powers to bolster recovery [CNN]
Baxter International Inc. (BAX)
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Source: CNN
administration has invoked the wartime powers of the Defense Production Act in the latest move to help speed recovery efforts. As the storm swept through western North Carolina last month, it severely affected operations at Baxter International's North Cove production site, the largest manufacturer of IV fluids and dialysis solutions in the country. After a pause, Baxter resumed distribution of supplies – but with significant restrictions on the amount that could be ordered. Since last week, Baxter has expanded order capacity to up to 60% of typical volume for some of the most in-demand IV fluids. But the strain persists. The US Food and Drug Administration has declared multiple shortages as a result, and hospitals have been rationing supplies – and postponing surgeries, in some cases – as the national supply chain continues to reel from the blow. On Saturday, the US Centers for Disease Control and Prevention issued a health advisory about the shortages, warning health care prov
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News
- Baxter to Host Third-Quarter 2024 Financial Results Conference Call for InvestorsBusiness Wire
- Mass General Brigham postpones all elective surgeries due to lack of IV fluid [CBS News]CBS News
- Hospitals nationwide struggle with IV fluid shortages after Hurricane Helene disrupts supply chain [CBS News]CBS News
- Baxter Is A Strong Buy: The Turnaround Story You Can't Ignore [Seeking Alpha]Seeking Alpha
- FDA Roundup: October 11, 2024 [Yahoo! Finance]Yahoo! Finance
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Earnings
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Sec Filings
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- 9/30/24 - Form 8-K
- 9/16/24 - Form 144
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