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Baxter Spins Off Drug Business To Focus On Devices, Anesthesia & Nutrition Products

Kidney dialysis and biosurgery will be two major focus points for a newly refined Baxter after it spins off its biopharmaceuticals business, as planned for mid-2015.

Baxter International Inc. plans to be a leaner medical products firm focusing on dialysis, biosurgery, fluid systems, anesthesia, and nutrition products by the middle of 2015, when it will split off its biopharmaceutical business into a new company.

The $9 billion medical products business, including devices, will retain the Baxter name, while the $6 billion biopharmaceuticals business will transition into a standalone, yet-to-be named company.

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