Med device firms update on impact, recovery from recent natural disasters

A number of medical device companies with facilities in Texas, Florida, Puerto Rico and California updated this week on the revenue impacts and recovery efforts from major hurricanes and wildfires which have slowed production and shut down facilities across the US. Baxter updates on Hurricane Maria recovery Healthcare giant Baxter (NYSE:BAX) said it expects to see a reduction in revenue during its 4th quarter as a result of Hurricane Maria hitting its Puerto Rico operations, but that it hopes to mitigate the impact through “positive performance in other areas of business.” The Deerfield, Ill.-based company said that its 3 manufacturing sites sustained minimal structural damage and that limited production activities resumed across its facilities within 1 week of the storm. Currently, its manufacturing operations are being powered by diesel generators with satellite communications being used to restore contact between the facilities and to support plant operations. Baxter said its Puerto Rico facilities are used to manufacture hospital products including premixed injectables and delivery devices, including sodium chloride 0.9% injection bags, also known as mini bags. In a statement from FDA commissioner Scott Gottlieb released today, the agency said it is working with Baxter to facilitate the import of the minibags from its facilities in Ireland and Australia to make up for the lost production days at the Puerto Rico facilities. “The FDA has also taken many ...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Baxter Endologix Exactech Inc. Medtronic Source Type: news