Oct 9 (Reuters) - Hurricane Helene's impact on medical
device maker Baxter International's ( BAX ) North Cove facility
could further limit the supply of intravenous fluids, the U.S.
Department of Health and Human Services said on Wednesday.
The company said it aims to restart production in phases and
return to 90% to 100% allocation of certain IV solutions by the
end of 2024.
Baxter said it was also increasing the U.S. allocation of
its IV fluids for direct customers to 60% from 40% and for
distributors to 60% from 10%, effective Oct. 9.
The company had on Sept. 29 said production at its North
Cove site has been closed due to hurricane-related flooding and
it was working with the government to assess the damage and
bring the plant back online.
On Tuesday, Germany's Fresenius said it was
checking options to start new infusion-solution production lines
faster than planned at a North Carolina facility to help
mitigate potential shortages due to the impact on Baxter's site.
(Reporting by Christy Santhosh in Bengaluru; Editing by Leroy
Leo and Arun Koyyur)