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BioScience revenues up 9%
October 20, 2011
By: Tim Wright
Baxter 3Q11 3Q Revenues: $3.5 billion (+8%) 3Q Earnings: $576.0 million (+10%) YTD Revenues: $10.3 billion (+10%) YTD Earnings: $1.8 billion (+77%) Comments: BioScience revenues in the quarter were $1.5 billion (+9%), boosted by Gammagard Liquid, certain plasma-based therapeutics, and vaccines. Medical Products sales were $2.0 billion (+7%). 1Q10 included a charge totaling $588 million related to the recall of COLLEAGUE infusion pumps and 3Q10 included an impairment charge of $112 million associated with the company’s divestiture of its U.S. generic injectables business.
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