Baxter to invest USD10m in Ontario plant.
M2 EQUITYBITES-November 6, 2014-Baxter to invest USD10m in Ontario plant
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Baxter Corporation (NYSE:BAX), a company that develops, manufactures and markets products that save and sustain the lives of people with haemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions, is investing USD10m to construct a new facility in Mississauga, Ontario, it was reported yesterday.
The facility will be used for the company's Centralized Intravenous Admixing Pharmacy Service (CIVA). The new Baxter CIVA Pharmacy Service is intended to expand the company's ability to meet the needs of Canadian hospitals, clinics and other care facilities for ready-to-administer intravenous admixtures, including chemotherapy, high alert medications and anti-infectives, allowing pharmacists to focus on more direct patient care and clinical activities.
The new facility will double the number of clean rooms available to support customised requirements for hazardous and non-hazardous IV admixing, and the firm aims to expand its workforce by around 25 positions over the next few years.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 6, 2014|
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