financetom
Business
financetom
/
Business
/
Baxter expects to restart IV fluids line at hurricane-hit plant within next week
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Baxter expects to restart IV fluids line at hurricane-hit plant within next week
Nov 3, 2024 11:03 AM

Oct 24 (Reuters) - Medical device maker Baxter

said on Thursday it expects to restart the highest-throughput

intravenous solutions manufacturing line at a hurricane-hit

plant in North Carolina within the next week.

The temporary closure last month of the Marion site, which

makes 60% of the nation's supply of IV fluids and peritoneal

dialysis solutions as per the American Hospital Association, had

triggered a shortage of intravenous products.

"I am encouraged by reports that Baxter anticipates

restarting the highest throughput manufacturing line at Baxter's

North Cove facility next week - sooner than originally

expected," U.S. Department of Health and Human Services

Secretary Xavier Becerra said in a statement.

Baxter also said the U.S. Food and Drug Administration had

authorized temporary imports from the company's two other

manufacturing facilities, in Thailand and Singapore, as it works

to bring the North Carolina plant back online.

Earlier this week, the company said it aimed to restore the

number of new patients who can start using its peritoneal

dialysis solutions to pre-Hurricane Helene levels by the end of

the year.

Baxter has said it targets to return to 90% to 100%

allocation of certain IV solutions by the end of 2024.

(Reporting by Sriparna Roy and Sneha S K in Bengaluru; Editing

by Devika Syamnath and Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tencent Music Q2 revenue fall cushioned by music streaming
Tencent Music Q2 revenue fall cushioned by music streaming
Aug 13, 2024
(Reuters) - Tencent Music Entertainment ( TME ) reported a smaller than expected fall in quarterly revenue on Tuesday, cushioned by an increase in paying subscribers at its music streaming platforms. The Tencent Holdings ( TCTZF )-controlled company said revenue fell 1.7% to 7.16 billion yuan ($999 million) in the three months ended June 30, the fourth straight quarterly drop...
Analysis-Carbon offset setback risks corporate backtrack on climate goals
Analysis-Carbon offset setback risks corporate backtrack on climate goals
Aug 13, 2024
LONDON (Reuters) - Stalled efforts to expand companies' use of carbon credits to offset greenhouse-gas emissions are raising the prospect that some will backtrack or abandon targets to shrink their carbon footprint. Since 2015, when governments agreed in Paris to try to keep the world from warming more than 1.5 degrees Celsius (2.7 degrees Fahrenheit), more than half of the...
US shale companies produce more crude using fewer rigs
US shale companies produce more crude using fewer rigs
Aug 13, 2024
By Arathy Somasekhar HOUSTON (Reuters) - Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which will boost global oil market supplies as OPEC also plans to unwind its output cuts later in the year. Producers are extending their wells to as much as three miles,...
US manufacturers hit by soaring property insurance costs
US manufacturers hit by soaring property insurance costs
Aug 13, 2024
(Reuters) - James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it's up for renewal this fall. He's been told it could triple. The problem is that his long-time insurer - Acuity - has told his insurance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved