We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Baxter's (BAX) Premix Norepinephrine Now Available in U.S.
Read MoreHide Full Article
Baxter International Inc. (BAX - Free Report) recently announced the receipt of the FDA’s approval and commercial launch of premix (ready-to-use) Norepinephrine Bitartrate in 5% Dextrose Injection (norepinephrine). The company’s formulation of norepinephrine, which is the first and only manufacturer-prepared ready-to-use formulation, is available in two varieties — 4 mg/250 mL (16 mcg/mL) and 8 mg/250 mL (32 mcg/mL).
For investors’ note, norepinephrine — indicated to raise blood pressure in adult patients with severe and acute hypotension or low blood pressure— is currently available from Baxter in the United States.
Norepinephrine uses the company’s proprietary VIAFLO container technology, which is not made with natural rubber latex, PVC or DEHP.
With the latest regulatory clearance and commercial launch of the ready-to-use format of the injection, Baxter will be able to solidify its position in the hospital products space in the United States.
Significance of the Launch
Per management, the ready-to-use formulation of norepinephrine is expected to allow hospitals to store the medication near patient care settings, like the emergency unit or the intensive care unit. This will enable care providers to administer the injection faster, while lessening the risk of compounding errors or touch contamination. This is likely to lead to improved speed, efficiency and safety during any critical care situation.
The use of premixes of standard doses of commonly prescribed drugs may also offer operational efficiencies in the hospital pharmacy. Compounding a drug for patient use comprises of various steps and manual processes that depends on the oversight of pharmacy staffs. Using a ready-to-use product can simplify the preparation process and may also aid in enhancing patient safety by avoiding potential dosing errors that may occur while medications are compounded on site.
Industry Prospects
Per a report by 360 Research Reports, the global norepinephrine (noradrenaline) market is anticipated to reach $774.4 million by 2027 from $465 million in 2020 at a CAGR of 11.8%. Factors like a wide patient pool of hypotension cases worldwide and surge in the elderly population are expected to drive the market.
Given the market potential, the commercial launch of the ready-to-use injection is expected to significantly boost Baxter’s U.S. business.
Notable Developments
Of late, Baxter has been witnessing a few notable developments across its business.
The company, earlier this month, inked a definitive agreement under which it will acquire Hill-Rom Holdings, Inc. , subject to approval of the latter’s shareholders and the fulfilment of customary closing conditions (including regulatory approvals).
Baxter, in August, had extended its multi-year strategic agreement with Amazon Web Services to enable cloud technology solutions to accelerate its digital transformation forward.
In July, the company had announced that its Baxter Healthcare Corporation subsidiary has completed the acquisition of certain assets related to PerClot Polysaccharide Hemostatic System from CryoLife. The transaction reinforces Baxter’s strategy of acquiring products and technologies that both complement and augment its portfolio across the hospital, including in the operating room.
Price Performance
Shares of Baxter have gained 1.7% in the past year compared with the industry’s 12.1% growth and the S&P 500's 34.8% rise.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Currently, Baxter carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks from the broader medical space are Henry Schein, Inc. (HSIC - Free Report) and IDEXX Laboratories, Inc. (IDXX - Free Report) .
Image: Bigstock
Baxter's (BAX) Premix Norepinephrine Now Available in U.S.
Baxter International Inc. (BAX - Free Report) recently announced the receipt of the FDA’s approval and commercial launch of premix (ready-to-use) Norepinephrine Bitartrate in 5% Dextrose Injection (norepinephrine). The company’s formulation of norepinephrine, which is the first and only manufacturer-prepared ready-to-use formulation, is available in two varieties — 4 mg/250 mL (16 mcg/mL) and 8 mg/250 mL (32 mcg/mL).
For investors’ note, norepinephrine — indicated to raise blood pressure in adult patients with severe and acute hypotension or low blood pressure— is currently available from Baxter in the United States.
Norepinephrine uses the company’s proprietary VIAFLO container technology, which is not made with natural rubber latex, PVC or DEHP.
With the latest regulatory clearance and commercial launch of the ready-to-use format of the injection, Baxter will be able to solidify its position in the hospital products space in the United States.
Significance of the Launch
Per management, the ready-to-use formulation of norepinephrine is expected to allow hospitals to store the medication near patient care settings, like the emergency unit or the intensive care unit. This will enable care providers to administer the injection faster, while lessening the risk of compounding errors or touch contamination. This is likely to lead to improved speed, efficiency and safety during any critical care situation.
The use of premixes of standard doses of commonly prescribed drugs may also offer operational efficiencies in the hospital pharmacy. Compounding a drug for patient use comprises of various steps and manual processes that depends on the oversight of pharmacy staffs. Using a ready-to-use product can simplify the preparation process and may also aid in enhancing patient safety by avoiding potential dosing errors that may occur while medications are compounded on site.
Industry Prospects
Per a report by 360 Research Reports, the global norepinephrine (noradrenaline) market is anticipated to reach $774.4 million by 2027 from $465 million in 2020 at a CAGR of 11.8%. Factors like a wide patient pool of hypotension cases worldwide and surge in the elderly population are expected to drive the market.
Given the market potential, the commercial launch of the ready-to-use injection is expected to significantly boost Baxter’s U.S. business.
Notable Developments
Of late, Baxter has been witnessing a few notable developments across its business.
The company, earlier this month, inked a definitive agreement under which it will acquire Hill-Rom Holdings, Inc. , subject to approval of the latter’s shareholders and the fulfilment of customary closing conditions (including regulatory approvals).
Baxter, in August, had extended its multi-year strategic agreement with Amazon Web Services to enable cloud technology solutions to accelerate its digital transformation forward.
In July, the company had announced that its Baxter Healthcare Corporation subsidiary has completed the acquisition of certain assets related to PerClot Polysaccharide Hemostatic System from CryoLife. The transaction reinforces Baxter’s strategy of acquiring products and technologies that both complement and augment its portfolio across the hospital, including in the operating room.
Price Performance
Shares of Baxter have gained 1.7% in the past year compared with the industry’s 12.1% growth and the S&P 500's 34.8% rise.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Currently, Baxter carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks from the broader medical space are Henry Schein, Inc. (HSIC - Free Report) and IDEXX Laboratories, Inc. (IDXX - Free Report) .
Henry Schein’s long-term earnings growth rate is estimated at 13.9%. The company presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
IDEXX’s long-term earnings growth rate is estimated at 19.9%. It currently has a Zacks Rank #2.