Summary

Other Scenarios:

Buyer: Baxter International Inc. (BAX) Last Price: 56.34 Market Cap.: 36.71B
Target: Viasys Healthcare, Inc. (VAS) Last Price: 42.75 Market Cap.: 1.42B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
*Healthcare 909
Biopharmaceuticals   366
Healthcare Services 155
Medical Devices 248
Nutritional Health   28
Outsourced Services 65

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Sample Products in Similar Lines of Business

Sample Products in Complementary Lines of Business
Buyer (Total: 207)
  • Physiometrix Patient State Analyzer (PSA) 4000
  • Ultra-Fit Anesthesia Face Mask Series
  • Baxter Breathing Bag Series
  • Ultra-Seal Anesthesia Face Mask Series
Target (Total: 172)
  • Pulmonex Pulmonary Assist Circuits
  • MedSystems Pulmanex Cushion-Flex
  • Pulmanex Hi-Ox Disposable Oxygen Mask
  • Medilog FD5 Wide Screen Digital Holter Recorder
Buyer
  • Phenergan (Promethazine)
  • Diphenhydramine
  • Phenergan With Dextromethorphan (Promethazine Hydrochloride/Dextromethorphan Hydrochloride)
  • Promethazine Hydrochloride/Dextromethorphan Hydrochloride
Target
  • Viasys Clinical Services
  • Intermed Precision Ltd.

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 14)
  • Halozyme Therapeutics, Inc. (HALO)
  • Teva Pharmaceutical Industries Ltd (ADR) (TEVA)
  • WPP Group plc (ADR) (WPPGY)
  • Acxiom Corporation (ACXM)
Target (Total: 0)

n/a
Buyer (Total: 14)
  • Medco Health Solutions Inc. (MHS)
  • DaVita Inc. (DVA)
  • Amylin Pharmaceuticals, Inc. (AMLN)
  • MGi Pharma, Inc. (MOGN)
Target (Total: 3)
  • Kindred Healthcare, Inc. (KND)
  • Government - United States
  • State of New York

Key Financial Summary:

Key Metrics

  Buyer Target
Number of Employees 48,000 2,365
Revenue Per Employee 223,529.1 273,183.9
Total Revenue 2,675.0 161.4
Total Expenses 2,151.0 162.5
Other Revenue 0.0 0.0
Cost of Revenue 1,409.0 84.4
SG&A Expense 583.0 54.8
Research & Development 159.0 8.8
Other Operating Expense 0.0 0.0
Operating Income 524.0 -1.1
Unusual Income 0.0 14.5
LT Debt to Capital 24.34 4.55
Fwd P/E 21.40 32.39
Fwd P/Rev 3.38 2.10
Book Value 6,604.0 533.3
Curr Portion of LTD/Cap Lease 404.0 19.5

Individual Company Summary

Focused

Buyer

Focused (): *Healthcare > Medical Devices

Target

Focused (): *Healthcare > Medical Devices > Respiratory

Business Description

Buyer

Baxter International Inc. (Baxter) is a global diversified medical products and services company with capabilities in medical devices, pharmaceuticals and biotechnology that assists healthcare professionals and their patients with the treatment of complex medical conditions, including hemophilia, immune disorders, cancer, infectious diseases, kidney disease, trauma and other conditions. Baxter?s products are used by hospitals, clinical and medical research laboratories, kidney dialysis centers, rehabilitation centers, nursing homes, doctors? offices and by patients at home under physician supervision. Baxter manufactures products in 28 countries and sells them in over 100 countries. The Company operates in three segments: The BioScience, Medication Delivery and Renal. In March 2007, Baxter completed the sale of its Transfusion Therapies business to Texas Pacific Group and Maverick Capital, Ltd.

Target

VIASYS Healthcare Inc. is a healthcare technology company engaged in developing, manufacturing, marketing and servicing a variety of medical devices, instruments and medical and surgical products for use in the respiratory, neurological, vascular, audio, medical and surgical products markets. The Respiratory Care group develops, manufactures, markets and services products for the diagnosis and treatment of pulmonary and sleep-related disorders. The NeuroCare group offers neurodiagnostic, vascular diagnostic and audiology diagnostic and monitoring products. The Orthopedics group manufactures and markets specialty metal components for orthopedic products, medical-imaging equipment, cardio-vascular implants and high precision metal components. In June 2007, Cardinal Health, Inc. completed initial tender offer for the Company, and announced that more than 80% of the outstanding shares of the Company have been tendered, making the Company a majority-owned subsidiary of Cardinal Health.

Deal Summary

Key Ratios

  Buyer Target
Gross Margin % 46.51 47.5
Operating Margin % 18.57 6.5
Quick Ratio 1.18 1.23
Current Ratio 1.92 2.05
Coverage Ratio -0.01 -0.07
Total Assets 14,483.0 753.5
Return on Equity % 22.99 4.18
Return on Assets % 10.48 2.96
Cash+ ST Inv. Per Share 3.62 0.7
Total Debt 2,720.0 44.9
Total Debt to Equity % 41.19 8.43
Total Debt to Tangible Equity % 60.12 27.38
Debt to Asset % 18.78 5.96

Product Summary

Sector Buyer Target
*Healthcare
Biopharmaceuticals  
Allergies
The Allergies Subsector includes therapeutics that treat exaggerated immune reaction induced by exposure to a foreign substance.
  
Cardiovascular System
The Cardiovascular System Subsector includes therapeutics that treat disorders affecting the heart and blood vessels.
  
Digestive System
The Digestive System Subsector includes therapeutics that treat disorders affecting the digestive system.
  
Endocrinology/Metabolism
The Endocrinology/Metabolism Subsector includes therapeutics that treat metabolic disorders and conditions resulting from the dysfunction of hormone secreting glands.
  
Hematology
The Hematology Subsector includes therapeutics that treat blood-based diseases and disorders.
  
Immunology
The Immunology Subsector includes therapeutics that treat disorders affecting the immune system.
  
Infectious Diseases
The Infectious Diseases Subsector includes therapeutics that treat diseases caused by the invasion and reproduction of microorganisms in the body.
  
Musculoskeletal System
The Musculoskeletal System Subsector includes therapeutics that treat disorders of the bones, joints, ligaments, tendons, and soft tissue involved with them.
  
Neurology
The Neurology Subsector includes therapeutics that treat disorders of the central nervous system, including the brain, spinal cord, and nerves.
  
Oncology
The Oncology Subsector includes therapeutics that treat and manage various types of cancer and related complications.
  
Pain Management
The Pain Management Subsector includes therapeutics that treat and management pain.
  
Respiratory System
The Respiratory System Subsector includes therapeutics that treat disorders affecting both the upper and lower respiratory tract, including the nose, throat, larynx, trachea, bronchi, and lungs.
  
Surgery
The Surgery Subsector includes therapeutics that treat complications associated with surgical procedures.
  
Toxicology
The Toxicology Subsector includes therapeutics that treat harmful effects from exposure to toxic substances; narcotics, nicotine and alcohol withdrawal therapeutics are also included in this sector.
  
Urology
The Urology Subsector includes therapeutics that treat diseases of the kidney, urinary tract, bladder, and the male reproductive system.
  
Healthcare Services
Patient Care
The Patient Care Subsector is comprised of companies that provide services to patients for the diagnosis, treatment, and/or prevention of diseases and injuries.
  
Support Services
The Support Services Subsector is comprised of companies that provide non-medical services for managing, enhancing, facilitating, and enabling the healthcare delivery process.
  
Medical Devices
Anesthesiology
The Anesthesiology Subsector includes medical devices that deliver and monitor anesthetics.
Cardiology
The Cardiology Subsector includes medical devices that diagnose, monitor, and treat diseases affecting the heart and proximal blood vessels. Common devices include vital sign monitors, cardiac defibrillators, pacemakers, and other surgical equipment.
Drug Delivery
The Drug Delivery Subsector includes medical devices that facilitate the delivery of medications through different anatomical entryways, including blood vessels, skin, the mouth, and the lungs. Common devices in this sector include vascular access catheters, needles, implants, and inhalers.
Ear/Nose/Throat
The Ear/Nose/Throat Subsector includes medical devices that diagnose and treat conditions affecting these anatomical regions.
  
Gastroenterology
The Gastroenterology Subsector includes medical devices that diagnosis and treat conditions affecting the stomach and intestinal tract.
General Surgery
The General Surgery Subsector includes medical devices that perform general, non-specialty surgeries; these devices are often general in scope and are used in procedures involving various parts of the body.
Medical Supplies
The Medical Supplies Subsector includes basic and consumable products that are widely used in healthcare settings.
Neonatology
The Neonatology Subsector includes medical devices that diagnose, monitor and treat diseases of newborns.
  
Neurology
The Neurology Subsector includes medical devices that diagnose, monitor and treat neurological disorders.
Obstetrics/Gynecology
The Obstetrics/Gynecology Subsector includes medical devices that diagnose and treat female reproductive diseases; devices used to care for women during pregnancy, childbirth, and the post-partum period are also included in this sector.
  
Ophthalmology
The Ophthalmology Subsector includes medical devices that diagnose and treat eye disorders.
  
Orthopedics
The Orthopedics Subsector includes medical devices that diagnose and treat musculoskeletal diseases involving muscles, bones and joints.
Respiratory
The Respiratory Subsector includes medical devices that diagnose and treat respiratory diseases.
Transfusion Medicine
The Transfusion Medicine Subsector includes medical devices and accessories that prepare or implement blood transfusion.
  
Urology
The Urology Subsector includes medical that diagnose and treat urinary tract and male reproductive disorders.
Vascular
The Vascular Subsector includes medical devices that diagnose and treat of conditions affecting the blood vessels.
Nutritional Health  
Dietary/Naturopathic Supplements
The Dietary/Naturopathic Subsector includes nutritional biochemicals and nutrients derived from natural sources that are intended to support health.
  
Outsourced Services
Development/Manufacturing Services
The Development/Manufacturing Services Subsector includes companies that provide research, development, manufacturing, sales and marketing to biopharmaceutical and medical device companies.

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Product Details

Sector Buyer Target
*Healthcare
Biopharmaceuticals  
Allergies  
Dermatology  
Antihistamines
Products that inhibit inflammation by blocking the action of histamines on tissues.

Buyer Products:

  • Phenergan (Promethazine)
  
Ophthalmology  
Antihistamines
Therapeutics that inhibit inflammation by blocking the action of histamines on tissues.

Buyer Products:

  • Phenergan (Promethazine)
  
Upper Respiratory  
Antihistamines
Therapeutics that inhibit the inflammation by blocking the action of histamines on tissues.

Buyer Products:

  • Diphenhydramine
  • Phenergan (Promethazine)
  
Antihistamines/Antitussives
Therapeutics that block the inflammatory action of histamines and relieve or prevent coughs.

Buyer Products:

  • Phenergan With Dextromethorphan (Promethazine Hydrochloride/Dextromethorphan Hydrochloride)
  • Promethazine Hydrochloride/Dextromethorphan Hydrochloride
  
Antihistamines/Decongestants
Therapeutics that block the inflammatory action of histamines and relieve or prevent coughs.

Buyer Products:

  • Phenergan VC (Promethazine Hydrochloride/Phenylephrine Hydrochloride)
  • Promethazine Hydrochloride/Phenylephrine Hydrochloride
  
Cardiovascular System  
Heart Disorders  
Angina  
Beta Adrenergic Receptor Blocking Agents (Beta Blockers)
Therapeutics that treat chest pains by inhibiting stimulation of beta adrenergic receptors of the heart muscle.

Buyer Products:

  • Propranolol Hydrochloride
  • Atenolol
  
Arrhythmia  
Adenosine A1 Receptor Agonists
Therapeutics that treat abnormal rhythm of the heart beat by selectively stimulating the A1 adenosine receptor, slowing the speed of AV nodal conduction

Buyer Products:

  • Adenosine
  
Beta Adrenergic Receptor Blocking Agents (Beta Blockers)
Therapeutics that treat abnormal rhythm of the heart beat by inhibiting the stimulation of beta adrenergic receptors of the heart muscle.

Buyer Products:

  • Baxter BioScience Brevibloc (Esmolol HCl)
  • Propranolol Hydrochloride
  • Acebutalol Hydrochloride
  
Potassium Channel Blocking Agents
Therapeutics that treat abnormal rhythm of the heart by preventing the entry of potassium into heart muscle cells.

Buyer Products:

  • Quinidine Sulfate ER
  
Myocardial Infarction (MI)  
Beta Adrenergic Receptor Blocking Agents (Beta Blockers)
Therapeutics that treat irreversible damage to the heart muscle by blocking the beta adrenergic receptors of the heart muscle.

Buyer Products:

  • Atenolol
  • Propranolol Hydrochloride
  
Phase I/Phase II Clinical Stage Products
Therapeutics that are being investigated for the treatment of heart and circulatory system disorders in early stages of clinical research where human subject is involved.

Buyer Products:

  • CD34+ Cells (Adult Stem Cells)
  
Vascular Disorders  
Hypertension  
Alpha Adrenergic Receptor Agonists
Therapeutics that treat high blood pressure by stimulating the alpha adrenergic receptors of the heart muscle.

Buyer Products:

  • Guanfacine
  
Beta Adrenergic Receptor Blocking Agents (Beta Blockers)
Therapeutics that treat high blood pressure by blocking the beta adrenergic receptors of the heart muscle.

Buyer Products:

  • Propranolol Hydrochloride
  • Acebutalol Hydrochloride
  • Atenolol
  
Hypovolemia  
Plasma Volumizers  
Albumin-Based
Therapeutics based on plasma proteins that treat a decrease in circulating fluid (plasma) in the body by increasing plasma volume.

Buyer Products:

  • Baxter BioScience Flexbumin (Albumin)
  • Baxter BioScience Buminate (Albumin)
  
Thromboembolism  
Anticoagulating Agents (Anticoagulants)  
Platelet Aggregation Inhibitors  
Phosphodiesterase Inhibitors
Therapeutics that treat the obstruction of a blood vessel by preventing platelets from clumping together.

Buyer Products:

  • Dipyridamole
  
Digestive System  
Gastrointestinal Tract Disorders  
Gastroesophageal Disorders  
Gastroesophageal Reflux Disease (GERD)  
Dopamine Receptor Blocking Agents
Therapeutics that treat Gastroesophageal Reflux Disease (GERD) by blocking dopamine receptor and stimulating gastrointestinal movement without stimulating secretions from the pancreas, stomach or gall bladder.

Buyer Products:

  • Metoclopramide Hydrochloride
  
Nausea/Vomiting  
Serotonin Receptor Antagonists
Therapeutics that treat nausea and vomiting by blocking the serotonin receptors.

Buyer Products:

  • Ondansetron Injection
  • Granisetron Hydrochloride
  
Endocrinology/Metabolism  
Phase I/Phase II Clinical Stage Products
Therapeutics that are being investigated for the treatment of endocrinology disorders in early stages of clinical research where human subject is involved.

Buyer Products:

  • PROMAXX Microsphere Dry Powder Inhaled Insulin
  
Hematology  
Hemophilia  
Hemophilia A  
Clotting Agents
Therapeutics that aid in blood coagulation.

Buyer Products:

  • Baxter BioScience FEIBA VH (Immuno Anti-Inhibitor Coagulant Complex)
  • Baxter BioScience Advate/Ultra-High Dosage ADVATE (Antihemophilic Factor VIII, Plasma/Albumin Free Method (rAHF-PFM))
  • Baxter BioScience Hemofil M (Antihemophilic Factor (Human))
  
Hemophilia B  
Clotting Agents
Therapeutics that assist in blood coagulation.

Buyer Products:

  • Baxter BioScience Proplex T (Factor IX Complex)
  • Baxter BioScience FEIBA VH (Immuno Anti-Inhibitor Coagulant Complex)
  
Red Blood Cell (RBC) Disorders  
Anemia  
Recombinant Human Erythropoietins
Therapeutics that treat conditions characterized by reduced delivery of oxygen to body tissues by stimulating red blood cell production.

Buyer Products:

  • Baxter BioScience Epoetin Omega
  
Research/Preclinical Stage Products
Therapeutics that are being investigated for the treatment of hematological disorders in very early stages of research where no human subject is involved.

Buyer Products:

  • Baxter Healthcare Recombinant Factor VIII (Von Willebrand Factor (VWF)) Therapeutic Progarm
  
Serum Factor Disorders  
Hypoalbuminemia  
Albumin-Based
Therapeutics based on plasma proteins that treat low levels of serum albumin.

Buyer Products:

  • Baxter BioScience Flexbumin (Albumin)
  • Baxter BioScience Albumin
  • Baxter BioScience Buminate (Albumin)
  
Immunology  
Autoimmune Disorders  
Arthritis  
Rheumatoid Arthritis (RA)  
Analgesics  
Non-Steroidal Anti-Inflammatory Drugs (NSAID)  
Non-Specific Cyclooxygenase Inhibitors (COX Inhibitors)
Therapeutics that treat pain associated with chronic inflammation of the joints by blocking cyclooxygenase activity.

Buyer Products:

  • Etodolac
  
Idiopathic Thrombocytopenia Purpura (ITP)  
Immunoglobulins
Therapeutics that treat a decrease in platelets by neutralizing autoantibodies with therapeutic antibodies.

Buyer Products:

  • Baxter BioScience Gammagard S/D (Immune Globulin Intravenous Solvent/Detergent)
  • Baxter BioScience WinRho SDF (Rho Immunoglobulin Lyophilized/Liquid Form)
  • Baxter BioScience IVEEGAM EN/Gamimune N (Immune Globulin)
  • Baxter BioScience IVEEGAM (Immune Globulin)
  
Kawasaki Syndrome  
Immunoglobulins
Therapeutics that treat Kawasaki Syndrome by neutralizing autoantibodies with therapeutic antibodies.

Buyer Products:

  • Baxter BioScience IVEEGAM EN/Gamimune N (Immune Globulin)
  • Baxter BioScience Gammagard S/D (Immune Globulin Intravenous Solvent/Detergent)
  • Baxter BioScience IVEEGAM (Immune Globulin)
  
Immune Deficiency Disorders  
Primary Immunodeficiency Diseases  
Immunoglobulins
Therapeutics that treat primary immunodeficiency diseases by providing the body with therapeutic antibodies.

Buyer Products:

  • Baxter BioScience Gammagard S/D (Immune Globulin Intravenous Solvent/Detergent)
  • Baxter BioScience GAMMAGARD Liquid 10% (Immune Globulin Intravenous Human)
  
Infectious Diseases  
Bacterial  
Antibacterial Agents  
Broad Spectrum  
Antibiotics  
Cephalosporin Derivatives
Therapeutics that treat a wide variety of infections by inhibiting bacterial cell wall synthesis.

Buyer Products:

  • Ceftriaxone Sodium
  
Penicillin Derivatives
Therapeutics that treat a wide variety of infections by inhibiting bacterial cell wall synthesis during active multiplication.

Buyer Products:

  • Bactocill
  
Tetracyclines
Therapeutics that treat a wide variety of infections by inhibiting protein synthesis and also causing alterations in cytoplasmic membranes.

Buyer Products:

  • Minocycline Hydrochloride
  
Narrow Spectrum  
Respiratory System  
Bronchitis  
Diaminopyrimidines/Sulfonamides
Therapeutics that treat bacterial infections leading to inflammation of the bronchi in the lungs by inhibiting certain enzymes that are vital for bacterial DNA transcription and repair.

Buyer Products:

  • Sulfamethoxazole/Trimethoprim
  
Pneumonia  
Diaminopyrimidines/Sulfonamides
Therapeutics that treat inflammation of the lungs caused by bacterial infection by inhibiting folic acid synthesis and bacterial growth.

Buyer Products:

  • Sulfamethoxazole/Trimethoprim
  
Tuberculosis  
Antitubercular Agents
Therapeutics that treat a bacterial infection of the lung by inhibiting bacterial and mycobacterial RNA synthesis.

Buyer Products:

  • Pyrazinamide
  
Urology  
Urinary Tract Infections (UTI)  
Antibacterial Agents (Antibiotics)  
Diaminopyrimidines/Sulfonamides
Therapeutics that treat bacterial infections of the urinary tract by inhibiting dihydrofolate reductase resulting in decreased bacterial nucleic acid/protein production.

Buyer Products:

  • Sulfamethoxazole/Trimethoprim
  
Vaccines  
Bacterial  
Combination  
Diphtheria/Tetanus/Acellular Pertussis (DTaP)
Therapeutics that prevent or treat infectious disease by producing or artificially increasing immunity to pathogens that cause diphtheria, tetanus, and acellular pertussis.

Buyer Products:

  • Baxter BioScience Certiva (DTaP)
  
Mycological (Fungal)  
Antifungal Agents  
Narrow Spectrum  
Dermatology  
Tinea Barbae  
Penicillin Derivatives
Therapeutics that treat fungal infections of the bearded area by inhibiting the biosynthesis of cell walls.

Buyer Products:

  • Griseofulvin
  
Tinea Capitis  
Penicillin Derivatives
Therapeutics that treat fungal infections of the scalp by inhibiting biosynthesis of cell walls.

Buyer Products:

  • Griseofulvin
  
Tinea Corporis (Ringworm)  
Penicillin Derivatives
Therapeutics that treat fungal infections of the skin characterized by scaly, red rings by inhibiting the biosynthesis of cell walls.

Buyer Products:

  • Griseofulvin
  
Tinea Cruris (Jock Itch)  
Penicillin Derivatives
Therapeutics that treat fungal infections of the groin and perineum by inhibiting the biosynthesis of cell walls.

Buyer Products:

  • Griseofulvin
  
Tinea Pedis  
Penicillin Derivatives
Therapeutics that treat fungal infections of the feet by inhibiting the biosynthesis of cell walls.

Buyer Products:

  • Griseofulvin
  
Tinea Unquium  
Penicillin Derivatives
Therapeutics that treat fungal infections of the nails by inhibiting the biosynthesis of cell walls.

Buyer Products:

  • Griseofulvin
  
Tinea Versicolor  
Penicillin Derivatives
Therapeutics that treat fungal infections of skin exposed to the sun characterized by patches of depigmentation by inhibiting the biosynthesis of cell walls.

Buyer Products:

  • Griseofulvin
  
Nervous System  
Cryptococcal Meningitis  
Triazoles
Therapeutics that treat fungal infections of lining of the brain and the spinal cord by increasing permeability of the cell wall and causing a toxic build up of hydrogen peroxide.

Buyer Products:

  • Fluconazole
  
Otolaryngology (Ear/Nose/Throat)  
Esophageal Candidiasis  
Triazoles
Therapeutics that treat fungal infections of the esophagus caused by yeast by increasing permeability of the cell wall and causing a toxic build up of hydrogen peroxide.

Buyer Products:

  • Fluconazole
  
Oropharyngeal Candidiasis  
Azoles  
Triazoles
Therapeutics that treat fungal infections of the mouth and pahrynx caused by yeast by increasing permeability of the cell wall and causing a toxic build up of hydrogen peroxide.

Buyer Products:

  • Fluconazole
  
Urology  
Vaginal Candidiasis  
Azoles  
Triazoles
Therapeutics that treat fungal infections of the female reproductive organ caused by yeast by increasing permeability of the cell wall and causing a toxic build up of hydrogen peroxide.

Buyer Products:

  • Fluconazole
  
Phase I/Phase II Clinical Stage Products
Therapeutics that are being investigated for the treatment of infectious diseases in early stages of clinical research where human subject is involved.

Buyer Products:

  • Baxter BioScience Amvax (Tetanus, Diphtheria And Pertussis) Vaccine
  • Baxter BioScience Diphtheria, Tetanus, Acellular Pertussis-Inactivated Polio Virus (DTaP-IPV) Vaccine
  • H5N1 Pandemic Influenza Vaccine
  • Baxter BioScience Group C Meningococcal Vaccine
  • Baxter BioScience Haemophilus Influenzae Type B Vaccine
  • Baxter BioScience Acellular Pertussis (aP) Vaccine
  • Baxter BioScience Group B Streptococcal Vaccine
  
Research/Preclinical Stage Products
Therapeutics that are being investigated for the treatment of infectious diseases in very early stages of research where no human subject is involved.

Buyer Products:

  • Baxter BioScience Group A/B/C Meningococcal Vaccine
  • Baxter BioScience Group A/C Meningococcal Vaccine
  • Baxter BioScience Group B Meningococcal
  • Baxter BioScience Diphtheria, Tetanus, Acellular Pertussis-Inactivated Polio Virus-Haemophilus Influenzae Type B (DTaP-IPV-HIB) Vaccine
  • Baxter BioScience Escherichia coli Vaccine
  • Baxter BioScience Pneumococcal Vaccine
  • Baxter BioScience Pneumonia (DNA Based) Vaccine
  • Baxter BioScience Diphtheria, Tetanus, Acellular Pertussis-Haemophilus Influezae Type B (DTaP-HIB) Vaccine
  • Baxter BioScience Group A Streptococcal Vaccine
  • Baxter BioScience Pneumococcal Otitis Media
  
Viral  
DNA Viruses  
Herpesvirus  
Herpes Simplex Type 1  
Purine Nucleoside Analogs
Therapeutics that treat viral infections characterized by recurrent cold sores and fever blisters by inhibiting replication of viral DNA by incorporating themselves into growing viral DNA stands.

Buyer Products:

  • Acyclovir
  
Herpes Simplex Type 2  
Purine Nucleoside Analogs
Therapeutics that treat viral infections characterized by recurring outbreaks of painful genital lesions by inhibiting replication of viral DNA by incorporating themselves into growing viral DNA stands.

Buyer Products:

  • Acyclovir
  
Varicella Zoster  
Herpes Zoster (Shingles)  
Purine Nucleoside Analogs
Therapeutics that treat viral infections that cause shingles in adults by inhibiting replication of viral DNA by incorporating themselves into growing viral DNA stands.

Buyer Products:

  • Acyclovir
  
Varicella (Chickenpox)  
Purine Nucleoside Analogs
Therapeutics that treat viral infections that cause chicken pox in children by inhibiting replication of viral DNA by incorporating themselves into growing viral DNA stands.

Buyer Products:

  • Acyclovir
  
Musculoskeletal System  
Skeletal Disorders  
Joint Disorders  
Osteoarthritis (OA)  
Non-Steroidal Anti-Inflammatory Drugs (NSAID)  
Non-Specific Cyclooxygenase Inhibitors (COX Inhibitors)
Therapeutics that treat inflammation by non-specifically inhibiting the action of cyclooxygenase.

Buyer Products:

  • Etodolac
  
Rheumatoid Arthritis (RA)  
Analgesics  
Non-Steroidal Anti-Inflammatory Drugs (NSAID)  
Non-Specific Cyclooxygenase Inhibitors (COX Inhibitors)
Therapeutics that treat pain associated with chronic inflammation of the joints by blocking cyclooxygenase activity.

Buyer Products:

  • Etodolac
  
Neurology  
Neurological Disorders  
Epilepsy  
Status Epilepticus  
Sodium Channel Modulators
Therapeutics that treat Status Epilepticus by modulating the portal that allows sodium into the nerve cells.

Buyer Products:

  • Fosphenytoin Sodium
  
Headaches  
Vascular (Migraine)  
Prophylactic Treatments  
Beta Adrenergic Receptor Blocking Agents (Beta Blockers)
Therapeutics that treat Migraine by inhibiting stimulation of beta adrenergic receptors.

Buyer Products:

  • Propranolol Hydrochloride
  
Neuromuscular Disorders  
Myasthenia Gravis (MG)  
Cholinesterase Inhibitors
Therapeutics that treat Myasthenia Gravis by maintaining the transmission of nerve impulses by inhibiting the enzyme that breaks down acetylcholine.

Buyer Products:

  • Baxter BioScience Enlon-Plus(R) (Edrophonium Chloride, USP & Atropine Sulfate, USP)
  • Baxter BioScience Enlon(R) (Edrophonium Chloride, USP)
  
Parkinson`s Disease (PD)  
Adjunctive Treatments  
Skeletal Muscle Relaxing Agents/Analgesics
Therapeutics that assist in the treatment of the disorder involving nerve cell loss in portions of the brain that leads to uncontrolled tremors, abnormal posture and speech problems by relaxing motor muscles and relieving pain.

Buyer Products:

  • Robaxin (Methocarbamol)
  
Psychiatric Disorders  
Anxiety  
Generalized Anxiety Disorder (GAD)  
Gamma-Aminobutyric Acid (GABA) Receptor Agonists
Therapeutics that treat anxiety by enhancing the inhibitory neurotransmitter action of gamma-aminobutyric acid.

Buyer Products:

  • Lorazepam
  • Diazepam
  
Sleep Disorders  
Insomnia  
Gamma-Aminobutyric Acid (GABA) Receptor Agonists
Therapeutics that treat insomnia by enhancing the inhibitory action of gamma-aminobutyric acid.

Buyer Products:

  • Diazepam
  
Oncology  
Hematology  
Leukemia (White Blood Cell Cancer)  
Lymphoid  
Chronic  
Lymphocytic (CLL)  
Immunoglobulins
Therapeutics that treat and manage slowly progressing cancers of lymphocytic cells by providing a therapeutic protein.

Buyer Products:

  • Baxter BioScience Gammagard S/D (Immune Globulin Intravenous Solvent/Detergent)
  
Phase I/Phase II Clinical Stage Products
Therapeutics that are being investigated for the treatment and management of cancer in early stages of clinical research where human subject is involved.

Buyer Products:

  • Leupromaxx (Sustained-Released Peptide Hormone Leuprolide Acetate)
  
Research/Preclinical Stage Products
Therapeutics that are being investigated for the treatment and management of cancer and are currently in an early research or preclinical stage of development.

Buyer Products:

  • Baxter BioScience Colon Carcinoma Vaccine
  • Baxter BioScience Small Cell Lung Carcinoma Vaccine
  • Baxter BioScience Neuroblastoma Vaccine
  
Pain Management  
Anesthesia  
General (Systemic)  
Adjunctive  
Acetylcholine Blocking Agents
Therapeutics that inhibit neuromuscular activity by competing with acetylcholine at the cholinergic receptors resulting in neuromuscular blockage.

Buyer Products:

  • Atracurium Besylate
  
Ether-Based Agents
Therapeutics that result in anesthesia due to interfering with the physiological functioning of nerve cell membranes in the brain.

Buyer Products:

  • Baxter BioScience Forane(R) (IsoFlurane, USP)
  • Baxter BioScience Suprane(R) (Desflurane, USP)
  • Baxter BioScience Ethrane(R) (Enflurane, USP)
  
Gamma-Aminobutyric Acid (GABA) Receptor Agonists
Therapeutics that result in anesthesia by enhancing the inhibitory neurotransmitter action of gamma-aminobutyric acid.

Buyer Products:

  • Diazepam
  • Midazolam
  
Hypnotic Agents (Sedatives)
Therapeutics that result in anesthesia by inducing sleep. These therapeutics have no analgesic action.

Buyer Products:

  • Propofol
  
Opioids
Therapeutics that treat pain by binding to certain nervous system receptors which alters both the perception of pain as well as the emotional response to pain.

Buyer Products:

  • Meperidine HCl
  • Morphine Sulfate
  • Sufentanil Citrate
  
Reversal  
Gamma-Aminobutyric Acid (GABA) Receptor Antagonists
Therapeutics that reverse general anesthesia by competitively inhibiting benzodiapizines at the GABA receptors, thus reducing their effect and reversing the anesthesia.

Buyer Products:

  • Flumazenil
  
Narcotics  
Analgesics/Opioids
Therapeutics that treat pain by binding to certain nervous system receptors which alters the both the perception of pain as well as the emotional response to pain.

Buyer Products:

  • Hydrocodone Bitartrate/Acetaminophen
  
Opioids
Therapeutics that treat pain by binding to certain nervous system receptors which alter both the perception of pain as well as the emotional response to pain.

Buyer Products:

  • Infumorph (Morphine Sulfate)
  • Morphine Sulfate
  • Sufentanil Citrate
  
Non-Narcotics  
Non-Steroidal Anti-Inflammatory Drugs (NSAID)  
Non-Specific Cyclooxygenase Inhibitors (COX Inhibitors)
Therapeutics that treat pain by non-specifically inhibiting the action of cyclooxygenase.

Buyer Products:

  • Etodolac
  • Ketorolac Tromethamine
  
Respiratory System  
Lower Respiratory Tract Disorders (Lung Disorders)  
Bronchitis  
Complications  
Bacterial Infections  
Antibacterial Agents (Antibiotics)  
Diaminopyrimidines/Sulfonamides
Therapeutics that treat bacterial infections by inhibiting certain enzymes that are vital for bacterial DNA transcription and repair.

Buyer Products:

  • Sulfamethoxazole/Trimethoprim
  
Emphysema  
Congenital  
Proteinase Inhibitors
Therapeutics that treat emphysema by providing certain proteins. The body's lack of ability to manufacture these proteins results in the disease state.

Buyer Products:

  • Baxter Biosciences Aralast (Alpha-1 Proteinase Inhibitor)
  
Phase I/Phase II Clinical Stage Products
Therapeutics that are being investigated for the treatment of respiratory disorders in early stages of clinical research where human subject is involved.

Buyer Products:

  • Recombinant Alpha 1-Antitrypsin (AAT) Therapy
  
Upper Respiratory Tract Disorders  
Coughs/Colds  
Antihistamines
Therapeutics that inhibit the inflammation by blocking the action of histamines on tissues.

Buyer Products:

  • Phenergan (Promethazine)
  • Diphenhydramine
  
Antihistamines/Antitussives
Therapeutics that block the inflammatory action of histamines and relieve or prevent coughs.

Buyer Products:

  • Promethazine Hydrochloride/Dextromethorphan Hydrochloride
  • Phenergan With Dextromethorphan (Promethazine Hydrochloride/Dextromethorphan Hydrochloride)
  
Antihistamines/Decongestants
Therapeutics that block the inflammatory action of histamines and reduces the amount of mucous build up.

Buyer Products:

  • Phenergan VC (Promethazine Hydrochloride/Phenylephrine Hydrochloride)
  • Promethazine Hydrochloride/Phenylephrine Hydrochloride
  
Antihistamines/Decongestants/Opioids
Therapeutics that treat coughs and colds by suppressing histamine-related inflammation, preventing congestion and altering both the perception and emotional response to pain.

Buyer Products:

  • Phenergan VC With Codeine (Promethazine Hydrochloride/Phenylephrine Hydrochloride/Codeine Phosphate)
  
Antihistamines/Opioids
Therapeutics that treat coughs and colds by suppressing histamine-related inflammation and altering both the perception and emotional response to pain.

Buyer Products:

  • Phenergan With Codeine (Promethazine HCL/Codeine Phosphate)
  
Surgery  
General  
Complications  
Hemorrhage  
Fibrinolysis Inhibitors
Therapeutics that treat complications involving bleeding after surgical procedures by inhibiting the breakdown of fibrin in blood clots.

Buyer Products:

  • Baxter BioScience Tisseel VH Kit (Two-Component Fibrin Sealant)
  
Toxicology  
Phase I/Phase II Clinical Stage Products
Therapeutics that are being investigated for the treatment of toxicity in early stages of clinical research where human subject is involved.

Buyer Products:

  • BioScavenger (Plasma-Derived Butyrylcholinesterase)
  
Substance Abuse  
Withdrawal  
Alcohol  
Gamma-Aminobutyric Acid (GABA) Receptor Agonists
Therapeutics that treat alcohol withdrawal by increasing the effect of GABA at the relevant neuroreceptors.

Buyer Products:

  • Diazepam
  
Narcotics  
Opioid Antagonists
Therapeutics that treat narcotic addiction by blocking the effect of opioids.

Buyer Products:

  • Baxter BioScience Revex (Nalmefene HCl)
  
Urology  
Urological Disorders  
Bladder  
Cystitis  
Urotoxin Neutralizing Agents
Therapeutics that inhibit cystis induced by toxic therapeutics by neutralizing these therapeutics.

Buyer Products:

  • Mesnex (Mesna)
  
Healthcare Services
Patient Care  
Ambulatory/Outpatient  
Specialized  
Dialysis
The process of cleansing the blood of end stage renal disease patients (ESRD) through the use of a semipermeable membrane, which allows waste products to pass but retains most of the blood's normal constituents. Dialysis services can be provided in outpatient settings, in patients' home, or in hospitals as a contractor.

Buyer Products:

  • RMS Lifeline
  • RMS Disease Management
  • Baxter Renal Care
  
Support Services  
Administrative  
Business Management  
Care Management  
Disease Management
Management of specific, typically chronic, diseases and conditions where an emphasis is placed on prevention, outcomes analysis, and patient education as management mechanisms.

Target Products:

  • Viasys Clinical Services
  
Medical Devices
Anesthesiology
Diagnostic  
Monitoring  
Systems  
Consciousness Monitoring
Systems designed to monitor the effect of anesthesia on patients during surgery.

Buyer Products:

  • Physiometrix Patient State Analyzer (PSA) 4000
  
Surgical
General Procedure
Delivery Systems
Gas
Breathing Accessories
Ancillary devices used to aid the administering of inhaled anesthetics, such as breathing bags and breathing masks.

Buyer Products:

  • Ultra-Fit Anesthesia Face Mask Series
  • Baxter Breathing Bag Series
  • Ultra-Seal Anesthesia Face Mask Series

Target Products:

  • Pulmonex Pulmonary Assist Circuits
  • MedSystems Pulmanex Cushion-Flex
  • Pulmanex Hi-Ox Disposable Oxygen Mask
Breathing Circuits
Devices which assist in physical mechanism of breathing.

Buyer Products:

  • Baxter Standard Adult Breathing Circuits
  • Baxter Renal Care
  • Baxter Pediatric Isoflex Series Breathing Circuit
  • Baxter Pediatric Breathing Circuits
  • Baxter Latex-Free Breathing Circuits
  • Baxter Isoflex Series Breathing Circuits
  • Baxter Thick Cuff Adult Breathing Circuits
  • Thick Cuff Adult Series
  
Percutaneous (Subcutaneous/Intramuscular/Intravenous)  
Fluid Administration Sets
Intravenous fluid administration sets used to deliver anesthesia.

Buyer Products:

  • InfusO.R. Pump Set Series
  • Auto Syringe Pump Set Series
  
Pumps/Systems
Devices used to pump intravenous fluids at a consistent programmed rate.

Buyer Products:

  • InfusO.R. Pump System
  • Auto Syringe Pump
  
Viscoelastics
Materials that can be applied to the skin and decrease resistance of to injected drugs.

Buyer Products:

  • Hylenex (Recombinant Human Hyaluronidase)
  
Procedure/Region Specific  
Delivery Systems  
Epidural
Devices used to inject anesthetic into the epidural space to numb the legs and abdomen, which include catheters, needles, syrninges and other prepackaged kits.

Buyer Products:

  • Single-Deck Epidural Anesthesia Tray Series
  • Continuous Single-Deck Epidural Anesthesia Tray Series
  • Continuous Double-Deck Epidural Anesthesia Tray Series
  • Single-Pack Epidural Needle Series
  • Double-Deck Epidural Anesthesia Tray Series
  
Nerve Block
Devices used to assist in the delivery of nerve block anesthetic, which include catheters, needles and other prepackaged kits.

Buyer Products:

  • Single-Deck Nerve Block Tray Series
  
Spinal
Devices used to inject anesthetic into the spine, which include catheters, needles and other prepackaged kits.

Buyer Products:

  • Single-Deck Spinal Anesthesia Tray Series
  • Single-Pack Spinal Needle Series
  • Double-Deck Spinal Anesthesia Tray Series
  
Cardiology
Diagnostic  
Monitoring  
Monitors  
Electrocardiogram (ECG/EKG)  
Holter Recorders
Instrument that measures the heart rhythm (ECG) over a 24 hour period while the patient records their symptoms and activities in a diary.

Target Products:

  • Medilog FD5 Wide Screen Digital Holter Recorder
  • Medilog Darwin Holter Analysis System
  • Medilog AR4 Digital Holter Recorder
  • Medilog AR12 Digital ECG Recorder
  
Interpretive/Analysis
Specialized electrocardiogram devices that facilitate certain diagnostic functions and analysis.

Target Products:

  • JAEGER MasterScreen ECG System
  
Stress/Exercise Test
Instruments used to evaluate the cardiopulmonary system during exercise.

Target Products:

  • SensorMedics VMAX Series
  • JAEGER Oxycon Pro/Mobile
  • SensorMedics Trackmaster Treadmill
  • Jaeger VIAsprint Series
  
Vitals/Multiple Parameter  
Blood Pressure  
Portable/First Responder
Non-invasive blood pressure monitors which can be transported for use in different regions within a healthcare institution or by emergency medical response team

Target Products:

  • Medilog BX Ambulatory Blood Pressure Recorder
  
Surgical  
General Procedure  
Accessories  
Vessel Closure
Devices used to close heart blood vessels.

Buyer Products:

  • Fusion Medical FloSeal FAST
  
Drug Delivery
Infusion Therapy
Accessories  
Admixture Systems
Medical systems designed to combine multiple medications for delivery to the patients

Buyer Products:

  • Clintec Automix(R) Compounder System and Accessory
  • Clintec Micromix(R) Compounder System and Accessory
  
Closed Blood Sampling Systems
Sampling systems which do not use needles to access infusion systems to obtain a blood sample.

Buyer Products:

  • Edwards VAMP Jr.
  • Edwards VAMP
  
Filtration Products
Device used to filter fluids for infusion.

Buyer Products:

  • Fenwal Blood Device And Set Series
  • I.V. Filtration Set Series
  
Fluid Administration/Extension Sets
Filtered IV sets designed for infusion therapy.

Buyer Products:

  • High Flow Rate Extension Set
  • Interlink Buretrol Solution Set Series
  • Interlink Catheter Extension Set Series
  • Interlink Continu-Flo Solution Set Series
  • Interlink Extension Set Series
  • Needle*Lock(TM) Device and Set Series
  • Interlink Minivolume Extension Set
  • Interlink Secondary Medication Set Series
  • Interlink Solution Set Series
  • maxx Infusion Pump Extension Set
  • Mini-Infuser Microbore Series
  • Interlink Huber Needle Extension Set Series
  
Fluid Warmers
Medical devices used to maintain the warmth of the medical products prior to and during the infusion process.

Buyer Products:

  • ThermaCyl Blood/Fluid Warmer
  
Needleless Fluid Administration/Extension Sets
Valve systems designed to work without needles to prevent patient injuries.

Buyer Products:

  • Clearlink
  • Interlink Luer Lock Injection Site Series
  • Baxject Needleless Transfer Device
  
Pump Sets
Pump sets designed specifically for infusion therapy.

Buyer Products:

  • PCA II Pump Set Series
  • AP II Pump Set Series
  • Flo-Gard 8000 Series
  
Delivery Systems  
Elastomeric Infusors
Infusion delivery system designed for small-volume fluid transmission (home use).

Buyer Products:

  • Small Volume Infusor System Series
  • Large Volume Infusor System Series
  • Intermate Infusor System Series
  
Pumps  
Multiple Channel
Multiple channel pump designed to deliver more than one infusion therapy to patients.

Buyer Products:

  • Flo-Gard Series
  • COLLEAGUE Infusion Pump
  • 6060 Multi-Therapy Infusion Pump
  
Single Channel
Single channel pump designed to deliver only one infusion therapy to patients.

Buyer Products:

  • maxx Infusion System
  • AP II Pain Management Pump
  • Flo-Gard Series
  
Syringe
Syringe used in place of a pump to deliver infusion therapy.

Buyer Products:

  • Auto Syringe Pump
  • PCA II Pain Management Pump
  • Mini-Infuser Syringe Pump Series
  • Syndeo PCA Syringe Pump
  
Integrated/Comprehensive Systems
Complete infusion systems that include pumps, monitoring devices and other accessories.

Buyer Products:

  • Ipump Pain Management System
  
Vascular Access
Extended In Dwelling Catheters  
Introducers
Medical devices designed for introducing vascular access.

Target Products:

  • MedSystems Navigator BioNavigation System
  
Peripherally Inserted Central Catheters (PICC)
Central venous catheter set designed for peripheral venous access.

Target Products:

  • NAV PICC/NAV PRO-PICC
  
Peripheral Intravenous Catheters  
Infusion Sets
Complete infusion sets containing peripheral intravenous catheters.

Buyer Products:

  • Sub-Q-Set Subcutaneous Series
  • Micro-Volume Series
  
Standard
Non-ported peripheral intravenous catheters.

Buyer Products:

  • Interlink Flash-Cath Series
  • Interlink Quik-Cath Series
  
Pulmonary Delivery  
Aerosol Therapy  
Vapor Therapy  
Accessories
Auxiliary medical devices designed to assist in the pulmonary delivery of metered dose of medication

Target Products:

  • AMI PEF Meter
  
Ear/Nose/Throat  
Diagnostic  
Physical Examination  
Ear  
Auditory Tests  
Auditory Evoked Potential (AEP)
Devices used to test the brain's response to auditory stimulation.

Target Products:

  • GSI Arrow
  • GSI Audera
  
Otoacoustic Emission (OAE)
Devices used to measure tones that originate in the cochlea.

Target Products:

  • GSI 37 Auto Tymp
  • GSI TympStar Middle Ear Analyzer
  • GSI 60 DPOAE
  • GSI 61
  • GSI AUDIOscreener
  • GSI 17 Audiometer
  • GSI 38 Auto Tymp
  • GSI 70 Automated OAE
  
Gastroenterology
Surgical  
General Procedure  
Minimally Invasive/Oral Percutaneous Rectal  
Accessories
Various instruments used to aid minimally invasive gastrointestinal surgery, such as sheaths, guidewires and illumination systems.

Target Products:

  • Farrell Valve
  • Clog Zapper
  
Region Specific  
Small Intestine  
Jejunostomy  
Feeding/Decompression Tubes
A device that is inserted into the jejunum to assist the delivery of food or relief of tension or pressure.

Target Products:

  • MedSystems CorFlo
  
Stomach  
Gastrostomy  
Decompression Tubes
A pipe-like device that is used to insert into the stomach to relieve pressure or tension in the stomach.

Target Products:

  • MedSystems Farrell Valve System
  • Farrell Valve
  
Feeding Apparatus
Devices that are inserted into the stomach to facilitate feeding, such as feeding tubes and buttons.

Target Products:

  • Corflo Cubby
  • Corflo Anti-IV
  • Corflo Dual/Triple G-Tubes
  • MedSystems CorFlo
  • MedSystems Gastrostomy Tubes
  
Treatment
Stomach
Enteral Feeding  
Pumps
Mechanical devices that push liquid food into the stomach, including both ambulatory and stationary pumps.

Target Products:

  • MedSystems Corflo Feeding Pump
  
Sets
Complete instrument systems that perform enteral feeding procedures.

Target Products:

  • MedSystems Cortrak
  
Tubes
Feeding
A tube that carries food to the stomach.

Buyer Products:

  • Clintec Dual Port Feeding Tube Series

Target Products:

  • MedSystems CORPAK Tubes
General Surgery
Invasive
Accessories  
Smoke Evacuation Systems
Medical devices used for the expulsion of smoke generated during electrosurgical procedures

Target Products:

  • Medsystems VersaVac2
  • Medsystems VitalVac
  • Medsystems UltraVac
  
Surgical-Site Treatments  
Anti-Adhesives/Anti-Scarring  
Gels
Gel-based products applied during interventional procedures to prevent adhesion to medical devices or to prevent scarring of the surgical site

Buyer Products:

  • ADEPT Adhesion Reduction Solution
  
Sealants  
Hemostatic  
Delivery Systems
Medical devices designed to deliver hemostatic sealants to the surgical site

Buyer Products:

  • Tissomat Application Device
  
Sponges
Microfibrillar sponge used when conventional hemostasis procedures are not effective.

Buyer Products:

  • Fusion Medical FloSeal Sponge
  
Topical
Topical mixture used when conventional hemostasis procedures are not effective.

Buyer Products:

  • Fusion Medical FloSeal Matrix
  • Baxter BioScience Tisseel VH Kit (Two-Component Fibrin Sealant)
  
Medical Supplies
Diagnostic  
Clinical Examination  
Basic Examining Tools
Medical instruments used to examine and monitor basic physiological functions, such as reflex, blood pressure, heart rate, and pulmonary capacity. These instruments include stethoscopes, sphygmomanometers, percussion hammers and other similar items.

Buyer Products:

  • French Esophageal Stethoscope Series
  
Safety and Sterilization
Safety
Patient Protection
Medical clothing and protective gear designed to provide protection and comfort to patients.

Target Products:

  • MicroGard
  
Provider Protection
Medical clothing and protective gear designed to provide protection to healthcare providers.

Target Products:

  • MedSystems Pulmanex ACS Face Shields
  • MedSystems FreedomAire
  
Waste Management
Products used to control and contain biohazardous materials, such as chemical waste, fluid waste, and solid waste. These products may include bags, containers, and other more advanced waste treatment systems.

Buyer Products:

  • Bentley BosPac Plus
  
Sterilization  
Systems
Cleaning systems that use chemicals, steam and other sanitatry methods to sterilize medical products and supplies.

Target Products:

  • IsoClean Poratable Room Filtration Unit
  
Neonatology  
Diagnostic  
Monitoring  
Monitors  
Vitals/Multiple Parameter  
Interchangeable/Adaptable Parameters
Device that measures, records, and displays various physiological parameters that can be specified.

Target Products:

  • PULMANEX Disposable Airway Pressure Manometer
  
Treatment  
Feeding Tubes
A pipe-like instrument that allows food to enter the newborn's stomach.

Target Products:

  • MedSystems Corflo Max-PEG System
  • MedSystems Gastrostomy Tubes
  • MedSystems CORPAK Tubes
  
Ventilation  
Manual Resuscitators
Instruments that help restore breathing and heart beat to a newborn.

Target Products:

  • Pulmanex Disposable Airway Pressure Manometer
  
Neurology
Diagnostic
Monitoring
Accessories  
Electroencephalograph (EEG)  
Electrodes
Devices that receive electrical signals from the brain.

Target Products:

  • EEG Electrodes
  
Electromyography (EMG)  
Electrodes
Devices that receive electrical signals from muscle.

Target Products:

  • EMG Electrodes
  
Monitors
Cranial Dopplers
Measurement devices that use ultrasound and the doppler effect to measure blood flow in the brain.

Target Products:

  • BioBeat SONARA
  • Nicolet Vascular Pioneer TC8080
  • BioBeat SONARA/tek
  • Nicolet Vascular Legend TCD
  • Nicolet Vascular Companion III
  
Electroencephalograph (EEG)
General
An electroencephalograph that is used for any examination purpose.

Target Products:

  • Nicolet Biomedical AllianceWorks Series
  • NicoletOne nEEG Module
  • NicoletOne cEEG Module
  • Nicolet vEEG
  • NicoletOne Ambulatory EEG
  • Nicolet Biomedical Bravo
  • NicoletOne Monitor nICU/ICU
  
Intraoperative
An electroencephalograph that is used during surgery.

Buyer Products:

  • Physiometrix Patient State Analyzer (PSA) 4000

Target Products:

  • Nicolet Biomedical Endeavor CR IOM
Polysomnography
Devices that simultaneously and continuously monitor relevant normal and abnormal physiological activity during sleep.

Target Products:

  • NicoletOneSleep Monitor
  • NicoletOne LTM Module
  • JAEGER SomnoTrac Pro
  • JAEGER SleepScreen/SleepScreen Pro
  • Nicolet Biomedical UltraSom
  
Electromyograph (EMG)
A device used to measure the electrical activity of muscle.

Target Products:

  • Nicolet Biomedical VikingSelect Series
  • Nicolet Biomedical VikingQuest Series
  • Medelec Synergy Monitoring System Series
  • Nicolet Biomedical Endeavor CR IOM
  • TECA Synergy EMG Monitoring System Series
  • Nicolet Biomedical Bravo
  • JAEGER NeuroScreen/NeuroScreen XP - EMG/EP/NCV
  
Epilepsy
A neurological disorder caused by disturbances of the electrical activity of the brain characterized by seizure or spasms.

Target Products:

  • Nicolet Biomedical BMSI 6000
  
Neuromuscular Transmission (NMT)
A device used to measure electrical signal from the brain that control muscles.

Target Products:

  • Nicolet Biomedical MicroGuide
  
Surgical  
General Procedure  
Surgical Sealants
A glue like material, made up of biomaterials, that is used to close up surgical incisions.

Buyer Products:

  • Fusion Medical Proceed
  
Obstetrics/Gynecology  
Diagnostic  
Monitoring  
Monitors  
Dopplers
Instruments that use ultrasound to measure blood flow, including both cordless and portable dopplers.

Target Products:

  • Nicolet Vascular Elite
  • Nicolet Vascular ImexDop CT+
  • Nicolet Vascular Pocket-Dop II/III
  • Nicolet Vascular CareDop
  • Nicolet Vascular FreeDop
  
Fetal Heart Rate (FHR)/Maternal Vitals
Instrument that displays measurements of the heart rate of the fetus and the mothers vital signs.

Target Products:

  • Sonicaid FM800 Fetal/Maternal L&D Monitor
  • Sonicaid TeamDM Remote Fetal Monitoring System
  
Heart Rate Detectors
Instrument that displays the heart rate of a fetus.

Target Products:

  • Sonicaid One Fetal Heart Detector
  • Sonicaid Team Series Fetal Monitors
  • Sonicaid TeamIPTrend Fetal Monitor
  
Heart Rate/Movement Profile  
Maternal Resting
Instrument that displays how the mother's heart is beating and moving while the mother is stationary.

Target Products:

  • Sonicaid TeamIPTrend Fetal Monitor
  • Nicolet Vascular VersaLab APM/APM2
  • Sonicaid Team Series Fetal Monitors
  
Ophthalmology  
Surgical  
Procedure/Region Specific  
Cataract  
Viscoelastics
Material that can be applied to decrease resistance between two parts of the eye and promote healing and repair of damaged eye tissue.

Buyer Products:

  • Hylenex (Recombinant Human Hyaluronidase)
  
Orthopedics
Surgical
General Procedure  
Invasive  
Accessories  
Mesh
Materials used to maintain the reconstructed space by providing initial stability and allowing maximum transfer of physiological loads to the graft material.

Target Products:

  • Tecomet
  
Procedure Specific
Bone Loss Reconstruction  
General  
Bone Fillers
Devices used to fill the formed bone cavity with hardening material.

Buyer Products:

  • Tricos T Bone Void Filler
  
Fixation  
Bone  
Internal  
Metallic  
General
Internal metallic fixation devices or systems that can be used to immobilize various types of bone fractures.

Target Products:

  • Tecomet
  
Joint Replacement/Reconstruction  
Hip  
Total Hip Replacement Systems
Devices used to replace the entire hip joint.

Target Products:

  • Tecomet
  
Knee  
Total Knee Replacement Systems
Devices used to replace the entire knee joint.

Target Products:

  • Tecomet
  
Maxillofacial  
Total Jaw Systems
Devices used to replace the entire jaw.

Target Products:

  • Tecomet
  
Spine  
Spinal Implants  
Spinal Fusions
Devices used to fuse together two or more vertebrae in the spine.

Target Products:

  • Tecomet
  
Respiratory
Diagnostic  
Monitoring  
Monitors  
Capnography  
Standard
Portable or stationary instruments used to monitor the concentration of exhaled carbon dioxide in order to assess the physiologic status of patients in various clinical settings.

Target Products:

  • JAEGER MasterScreen Capno
  
Multi-Parameter Blood Gas  
Non-Invasive
Adult blood gas monitors which do not require contact with blood for analysis for the gas composition

Target Products:

  • Micro Medical PrinterNOx
  • Micro Medical Micro H2 Series
  • Viasys SensorNOx Nitric Oxide Monitoring Device
  • Micro Medical Smoke Check/Micro CO
  • Viasys AeroNOx
  
Pulmonary  
Acoustic
Instrumentation that 'listens' to the patient's breathing and can detect anomalies such as wheezing.

Target Products:

  • Micro Medical MicroRint
  
Plethysmograph
Instrumentation for measuring the change in size of the lungs.

Target Products:

  • JAEGER MasterScreen BabyBody
  
Sleep Apnea
Instrumentation used for the diagnosis of the sleep apnea disorder.

Target Products:

  • JAEGER ApnoeScreen Pro
  • JAEGER ApnoeScreen Cardio
  
Spirometry  
Peak Flow Meters
Instrumentation used to measure peak expiratory flow in order to monitor respiratory conditions.

Target Products:

  • JAEGER Asthma Monitor Series
  • JAEGER MasterScreen PFT
  • JAEGER MasterScreen Body
  • JAEGER MasterScreen Diffusion
  • Micro Medical Peak Flow Meter
  • JAEGER MasterScreen Paed
  
Profile/Mechanics
Instrumentation for continuous, non-invasive respiratory monitoring of patients being weaned from mechanically ventilators.

Target Products:

  • Micro Medical MicroRMA
  • Micro Medical MicroRPM
  
Spirometers
Instrumentation for measuring the vital capacity of the lungs.

Target Products:

  • SpiroTech S700 Integrity Series
  • SensorMedics SpiroPro
  • Micro Medical Spirometers
  • PulmoLife Spirometry Screener
  • JAEGER MasterScreen IOS
  • JEAGER MasterScreen Pneumo
  • JEAGER Flowscreen Pro
  • JEAGER MasterScope Series
  
Treatment
Assisted Breathing
Intubation
Breathing Circuits
Instrument used to measure respiratory parameters such as pressure.

Buyer Products:

  • Baxter Standard Adult Breathing Circuits
  • Baxter Pediatric Isoflex Series Breathing Circuit
  • Baxter Pediatric Breathing Circuits
  • Baxter Isoflex Series Breathing Circuits
  • Thick Cuff Adult Series
  • Baxter Latex-Free Breathing Circuits

Target Products:

  • MedSystems Pulmanex Pulmonary Assist Circuits
  • Pulmanex Disposable Airway Pressure Manometer
Oxygen Therapy  
Accessories
Instruments used to help patients breathe.

Target Products:

  • Tiara Medical Oxygen Concentrator Filters
  
Air Delivery  
Masks
Devices used to deliver oxygen therapy, such as facial and tracheostomy masks.

Target Products:

  • MedSystems Pulmanex Cushion-Flex
  • MedSystems Pulmanex Hi-Ox Oxygen Mask
  
Nasal Cannulas
Tube inserted into the nose for oxygen therapy.

Target Products:

  • Tiara Medical Cannulas/O2 Tubing
  
Positive Airway Pressure (PAP)  
Accessories
Instruments used to maintain/regain positive airway pressure.

Target Products:

  • Tiara Medical Tubing Series
  • Tiara Medical SNAPP Nasal Mask
  • Tiara Medical Standard Series Masks
  • Tiara Medical nCPAP Masks
  • Tiara Medical Headgear Series
  • Tiara Medical CPAP Filters
  • LYRA Nasal CPAP Interface
  • Tiara Medical Nebulizer/ IPPB Filters
  • Cephalo Pro Digital Amplifier
  • Tiara Medical Liter Meters
  • Tiara Medical Manometers
  • MedSystems Cushion-Flex CPAP
  
Systems  
Auto-Setting (APAP)
Automatic ventilatory support system used to help patients to maintain/regain positive airway pressure.

Target Products:

  • Delphinus Auto CPAP
  
Continuous (CPAP)
Continuous ventilatory support system used to help patients to maintain/regain positive airway pressure.

Target Products:

  • Infant Flow Advance
  • Infant Flow Nasal CPAP System
  • Viasys AVEA
  • Mark Respirator Series
  • Infant Flow SiPAP
  • Pegasus CPAP
  • BREATHEX CPAP System
  • SensorMedics Orion CPAP
  • JAEGER Dorado CPAP
  
Ventilation  
Accessories  
Connectors
Connection devices or tubing designed to facilitate addition ports or suction devices to tracheostomy tubes.

Target Products:

  • Tiara Meidcal Connectors
  
Gas Blenders
Device used to blend different gases.

Target Products:

  • Viasys Low Flow Nitrous Oxide Blender
  • Viasys M.R.I. MicroBlender
  • Viasys UltraBlender
  • Viasys The Bird Sentry
  • Viasys OmniBlender
  • Viasys Low Flow MicroBlender
  • Viasys 3800 MicroBlender
  
Humidifiers
Devices that add warm moisture to the inhaled air from a ventilator.

Target Products:

  • Tiara Medical Velocity Humidifier
  
Filters
Device used to prohibit unwanted particulates from being inspired by the patient.

Target Products:

  • Tiara Medical Bacteria & HEPA Filters
  • Tiara Medical Ventilator Filters
  
Manual Resuscitators
Devices used to restore breathing in patients.

Target Products:

  • Pulmanex Disposable Airway Pressure Manometer
  • Pulmanex Disposable Manual Resuscitators
  
Pulmonary Monitors
Devices used for monitoring pulmonary parameters.

Target Products:

  • Pulmanex Disposable Airway Pressure Manometer
  
Volume Ventilators  
Portable
Portable devices designed to provide at-home ventilation therapy.

Target Products:

  • 3100B HFOV
  • 3100A HFOV
  • Viasys Avian Transport
  • Pulmonetic Systems LTV Ventilator Series
  
Stationary
Stationary devices designed to proved at-home ventilation therapy.

Target Products:

  • Viasys Bear Cub 750 Series
  • Viasys VIP Bird
  • Viasys Vela
  • Viasys AVEA
  • SensorMedics 3100 Series
  • Viasys TBird Series
  
Positive Expiratory Pressure (PEP)
Device designed in bronchial hygiene therapy and exercising the lungs and by generating pressure during expiration.

Target Products:

  • Pulmanex Peep-flo Valve
  
Suction  
Catheters/Kits
Tubes that are designed to remove material from the respiratory tract.

Target Products:

  • Pulmanex Neo-LINK/Neo-LINK Plus
  
Transfusion Medicine  
Blood Collection  
Accessories  
Collection/Storage
Devices, usually polymer plastic bags used for collection and subsequent storage of blood and blood components. Specific additives may or may not be incorporated to prevent the collected blood from clotting.

Buyer Products:

  • Cryocyte Freezing Containers
  • Fenwal Blood-Pack Series
  • Fenwal Double Blood-Pack Series
  
Apheresis Systems  
Plasma
Systems which separate and collect the plasma component of human blood while returning other blood components to the donor.

Buyer Products:

  • Fenwal Amicus
  • Fenwal Autopheresis-C
  • Fenwal CS-3000 Plus
  
Platelets
Systems which separate and collect the platelet cell component of human blood while returning other blood components to the donor.

Buyer Products:

  • Fenwal Amicus
  
Red Blood Cells
Systems which separate and collect the red cell component of human blood while returning other blood components to the donor.

Buyer Products:

  • Alyx Blood Collection System
  • Fenwal CS-3000 Plus
  
Blood Washers
Instruments used to wash blood cells in preparation for usage; they are often used to prepare frozen red blood cells for transfusion.

Buyer Products:

  • Cytomate Cell Processing System
  
Filtration Systems
Medical devices used to filter leukocytes from blood during the transfusion process.

Buyer Products:

  • Sepacell Leukocyte Reduction Filters
  • Sepacell RZ-2000
  
Viral Inactivation  
Plasma
Medical devices and technology which destroy infectious agents such as viruses in donor plasma without damaging the integrity of the plasma proteins.

Buyer Products:

  • Helinx Intercept Plasma System
  
Platelets
Medical devices and technology which destroy infectious agents such as viruses in blood products (platelets) without damaging the integrity of the donor platelet cells.

Buyer Products:

  • Helinx Intercept Platelet System
  
Red Blood Cells
Medical devices and technology which destroy infectious agents such as viruses in donor blood without damaging the integrity of the donor red blood cells.

Buyer Products:

  • Helinx Intercept Red Blood Cell System
  
Urology
Surgical  
General Procedure  
Minimally Invasive/Cystoscopy  
Irrigation Pumps/Systems
Surgical instruments that pump fluids to irrigate/moisten the surface of the urinary organs

Buyer Products:

  • Irrigation Set Series
  
Treatment
Renal
Hemodialysis  
Components  
Concentrates
Chemicals used in hemodialysis.

Buyer Products:

  • Althin Biopharm
  
Dialysate Parameter Monitors
Medical products used to monitor parameters such as fluid pressure, concentration, pH etc. during dialysis procedures.

Buyer Products:

  • Althin Biopharm Hemavision
  
Filtration  
Dialyzers
The instrument or medium used to effect chemical dialysis which allows for the diffusion of waste products and excess water into a dialysate solution.

Buyer Products:

  • Althin Altra Flux
  • Accura
  • Althin MCA
  • Althin Altrex
  • Althin Altra Nova
  
Hemofilters
Filters used to separate the blood from the waste components during dialysis through a convection process by creating negative pressure to draw out solute particles without using a dialysate solution.

Buyer Products:

  • Renalflo II
  
Systems
A complete set of devices that act as a kidney to remove waste from the circulatory system.

Buyer Products:

  • Arena
  • BM25
  • Althin AltraTouch 1000
  • Althin System 1000
  • Althin System 1000 with 750 RO Unit
  • Althin TINA System 1000 Series
  
Peritoneal Dialysis
Components
Catheters
Long slender wire-like tube used for minimally invasive access to central blood vessels for peritoneal dialysis.

Target Products:

  • MedSystems Cruz
  
Solutions
Chemical agents used in peritoneal dialysis.

Buyer Products:

  • Dianeal Series
  • Extraneal (Icodextrin)
  
Systems  
Automated Peritoneal Dialysis (APD)
Complete set of instruments and devices that cycle solution to and from the patient's peritoneum during sleep.

Buyer Products:

  • QUANTUM PD System
  • HomeChoice Pediatric Automated
  • HomeChoice Automated
  • HomeChoice PRO(TM) with PD Link(TM)
  
Continuous Ambulatory (CAPD)
Complete set of instruments and devices that perform peritoneal dialysis that can be moved around with the patient.

Buyer Products:

  • UltraBag System
  
Vascular
Diagnostic  
Monitoring  
Dopplers  
Cordless
Vascular dopplers that which transmit pulse reading from the probe to the monitor without the use of a cord

Target Products:

  • Micro Medical PulseTrace 1000
  
Portable
Vascular dopplers that can be moved for used in different areas within the healthcare institution

Target Products:

  • Nicolet Vascular VasoGuard Microlite
  • Nicolet Vascular Elite
  • Nicolet Vascular Pocket-Dop II/III
  • Nicolet Vascular CareDop
  • Nicolet Vascular ImexDop CT+
  • Nicolet Vascular StethoDop
  • Nicolet Vascular FreeDop
  • Micro Medical PulseTrace PCA
  • Nicolet Vascular VersaLab LE/SE
  • Nicolet Vascular VasoGuard
  • Micro Medical PulseTrace 6000
  • Micro Medical PulseTrace PWV
  
Surgical  
General Procedure  
Accessories  
Vessel Closure
Devices used to close and repair vascular structures, including both complete systems and associated clamps, felts and pledgets.

Buyer Products:

  • Fusion Medical FloSeal FAST
  
Nutritional Health  
Dietary/Naturopathic Supplements  
General Health
Products consisting of dietary/naturopathic supplements that are intended to support general health.

Buyer Products:

  • Baxter Inernational Inc.
  
Outsourced Services
Development/Manufacturing Services
Contract Manufacturing Organizations (CMO)
Medical Devices
Contract Manufacturing Organizations that manufacture (and/or design, develop) medical devices and products for other organizations.

Target Products:

  • Intermed Precision Ltd.
  
Pharmaceuticals  
Final Dosage Forms
Contract Manufacturing Organizations (CMO) that produce large quantities of drug products in final dosage forms ready to be sold to end users.

Buyer Products:

  • Baxter Bioscience
  

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Relationship Details

Key Competitors

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  Bayer AG (ADR) n/a 57,554.948 11.11 17.16 1.42 1.31 n/a
Cardinal Health, Inc. n/a 27,171.570 20.13 20.78 0.31 0.31 7.85
Hospira, Inc. n/a 6,114.582 47.72 18.14 2.18 1.78 n/a
Rexam PLC (ADR) n/a 5,812.664 13.21 14.36 0.79 0.80 n/a
Pall Corporation n/a 5,638.278 26.84 25.42 2.56 2.53 5.57
Fresenius Medical Care AG & Co. (ADR) n/a 4,463.066 7.68 19.36 0.49 0.46 n/a
Target
  General Electric Company n/a 393,830.728 18.85 17.25 2.38 2.25 15.87
Abbott Laboratories n/a 82,486.272 53.24 19.12 3.65 3.69 n/a
Tyco International Ltd. n/a 66,987.221 18.59 17.29 1.58 1.54 9.97
The Dow Chemical Company n/a 42,152.321 12.10 11.39 0.85 0.87 3.10
Respironics, Inc. n/a 3,434.024 29.83 26.33 3.00 2.92 4.92
NuVasive, Inc. n/a 932.345 n/a -69.62 8.35 6.60 5.79
Vital Signs, Inc. n/a 734.705 23.04 21.53 3.65 3.65 3.13
Symmetry Medical Inc. n/a 565.051 29.01 21.51 2.25 2.06 5.53
Natus Medical, Inc. n/a 343.456 65.15 32.53 3.52 2.92 8.66
NeuroMetrix, Inc. n/a 122.424 44.65 -23.28 2.22 2.37 2.87
Angeion Corporation n/a 33.034 15.80 n/a 0.82 n/a 2.38
Hypertension Diagnostics Inc n/a 4.555 n/a n/a 2.62 n/a 3.21
Compumedics Limited n/a n/a n/a n/a n/a n/a n/a
Accellent, Inc. n/a n/a n/a n/a n/a n/a n/a
Nihon Kohden Corp n/a n/a n/a n/a n/a n/a n/a
Maquet AG n/a n/a n/a n/a n/a n/a n/a
Dragerwerk AG n/a n/a n/a n/a n/a n/a n/a
Cadwell Laboratories, Inc. n/a n/a n/a n/a n/a n/a n/a
Ferraris Group plc n/a n/a n/a n/a n/a n/a n/a

- Defined by the Company - Defined by Others

Dependent Suppliers

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  Halozyme Therapeutics, Inc. 55.00% 664.045 n/a -60.00 387.28 115.21 16.23
Teva Pharmaceutical Industries Ltd (ADR) n/a 32,835.000 17.31 18.40 3.72 3.58 24.21
WPP Group plc (ADR) n/a 18,291.079 20.99 17.06 1.55 1.50 n/a
Acxiom Corporation n/a 2,111.442 29.85 25.38 1.51 1.43 n/a
Ariba, Inc. n/a 776.662 n/a -322.33 2.62 2.48 n/a
Angiotech Pharmaceuticals, Inc. (USA) n/a 605.300 n/a 27.42 1.73 1.88 n/a
Capital Lease Funding, Inc. n/a 468.834 175.48 10.12 3.56 2.96 1.56
Cerus Corporation n/a 214.968 n/a -5.36 6.46 11.63 2.26
Dyax Corp. n/a 202.176 n/a -3.26 15.88 13.03 9.91
Trailer Bridge, Inc. n/a 143.954 45.97 n/a 1.29 n/a 61.13
HealthStream, Inc. n/a 79.102 41.96 31.91 2.44 1.74 n/a
Micromet Inc. n/a 71.829 n/a -2.31 2.74 4.85 23.17
Attunity Ltd n/a 23.172 n/a n/a 1.83 n/a 175.55
MTM Technologies, Inc. n/a 14.469 n/a n/a 0.05 n/a n/a

- Defined by the Company - Defined by Others

Key Customers

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Overlap
  Government - United States n/a n/a n/a n/a n/a n/a n/a
Buyer
  Medco Health Solutions Inc. n/a 21,847.992 25.40 22.62 0.51 0.48 n/a
DaVita Inc. n/a 5,673.564 18.37 17.04 1.14 1.06 n/a
Amylin Pharmaceuticals, Inc. n/a 5,414.578 n/a -29.37 9.02 6.71 8.84
MGi Pharma, Inc. n/a 1,784.558 n/a 83.81 5.13 4.75 n/a
United Therapeutics Corporation n/a 1,325.097 19.24 44.89 7.95 7.54 8.72
Allos Therapeutics, Inc. n/a 292.144 n/a -8.00 n/a 28.20 4.00
Cerus Corporation n/a 214.968 n/a -5.36 6.46 11.63 2.26
Acambis plc (ADR) n/a 199.185 n/a n/a 2.70 n/a 2.00
Nuvelo, Inc. n/a 144.986 n/a -2.27 38.84 39.46 2.84
Cyclacel Pharmaceuticals Inc. n/a 132.650 n/a -4.61 461.58 522.22 1.81
Advanced Life Sciences Holdings, Inc. n/a 75.547 n/a -3.36 13,350.00 n/a 6.76
Neurobiological Technologies, Inc. n/a 58.418 n/a -3.45 3.24 4.68 n/a
Government - United States n/a n/a n/a n/a n/a n/a n/a
Government - Austria n/a n/a n/a n/a n/a n/a n/a
Target
  Kindred Healthcare, Inc. n/a 1,243.814 19.87 19.78 0.28 0.28 1.59
Government - United States n/a n/a n/a n/a n/a n/a n/a
State of New York n/a n/a n/a n/a n/a n/a n/a

- Defined by the Company - Defined by Others

Key Partners

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  Teva Pharmaceutical Industries Ltd (ADR) n/a 32,835.000 17.31 18.40 3.72 3.58 24.21
Cardinal Health, Inc. n/a 27,171.570 20.13 20.78 0.31 0.31 7.85
Medco Health Solutions Inc. n/a 21,847.992 25.40 22.62 0.51 0.48 n/a
DaVita Inc. n/a 5,673.564 18.37 17.04 1.14 1.06 n/a
Amylin Pharmaceuticals, Inc. n/a 5,414.578 n/a -29.37 9.02 6.71 8.84
MGi Pharma, Inc. n/a 1,784.558 n/a 83.81 5.13 4.75 n/a
Haemonetics Corporation n/a 1,394.783 28.40 25.18 3.10 2.85 3.40
United Therapeutics Corporation n/a 1,325.097 19.24 44.89 7.95 7.54 8.72
The Medicines Company n/a 911.394 11.55 33.38 3.71 3.25 3.21
InterMune, Inc. n/a 895.754 n/a -10.92 10.32 15.31 n/a
Nektar Therapeutics n/a 870.059 n/a -8.95 3.18 3.61 6.76
Halozyme Therapeutics, Inc. n/a 664.045 n/a -60.00 387.28 115.21 16.23
Angiotech Pharmaceuticals, Inc. (USA) n/a 605.300 n/a 27.42 1.73 1.88 n/a
Javelin Pharmaceuticals Inc. n/a 296.455 n/a -6.97 389.75 151.64 21.98
Allos Therapeutics, Inc. n/a 292.144 n/a -8.00 n/a 28.20 4.00
Cerus Corporation n/a 214.968 n/a -5.36 6.46 11.63 2.26
Dyax Corp. n/a 202.176 n/a -3.26 15.88 13.03 9.91
Acambis plc (ADR) n/a 199.185 n/a n/a 2.70 n/a 2.00
Nuvelo, Inc. n/a 144.986 n/a -2.27 38.84 39.46 2.84
Cyclacel Pharmaceuticals Inc. n/a 132.650 n/a -4.61 461.58 522.22 1.81
Critical Therapeutics, Inc. n/a 94.036 n/a -2.86 6.58 4.37 2.02
VIA Pharmaceuticals, Inc. n/a 90.356 n/a n/a 1,065.09 n/a 7.74
Advanced Life Sciences Holdings, Inc. n/a 75.547 n/a -3.36 13,350.00 n/a 6.76
Micromet Inc. n/a 71.829 n/a -2.31 2.74 4.85 23.17
Neurobiological Technologies, Inc. n/a 58.418 n/a -3.45 3.24 4.68 n/a

- Defined by the Company - Defined by Others

Financials

  Buyer Target Combined Entity
Income Statement
Operating Items
Revenue 10,644.0 636.3 11,280.3
Other Revenue 0.0 0.0 0.0
Total Revenue 10,644.0 636.3 11,280.3
Cost of Revenue 5,693.0 334.1 6,027.1
SG&A Expense 2,339.0 202.5 2,541.5
Depreciation & Amortization 0.0 0.0 0.0
Research & Development 635.0 35.2 670.2
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) 0.0 23.2 23.2
Total Expenses 8,667.0 595.0 9,262.0
Operating Income 1,977.0 41.3 2,018.3
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng -21.0 -2.8 -23.8
Other, Net -36.0 -1.0 -37.0
Income Before Taxes 1,920.0 37.5 1,957.5
Income Taxes 402.0 15.3 417.3
Income After Taxes 1,518.0 22.3 1,540.3
Net Income - Excl. Xord. Items 1,518.0 22.3 1,540.3
Net Income - Incl. Xord. Items 1,518.0 22.3 1,540.3
Income Avail. to Common 1,518.0 22.3 1,540.3
Share Items
Basic Avg. Shares Outstanding 650.0 33.1 683.1
Basic EPS - Excl. Xord. Items 2.34 0.67 2.25
Basic EPS - Incl. Xord. Items 2.34 0.67 2.25
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 659.0 33.1 692.1
F.D. EPS - Excl. Xord. Items 2.30 0.67 2.23
F.D. EPS - Incl. Xord. Items 2.30 0.67 2.23
Dividends Per Common Share 0.75 0.00 0.75
Balance Sheet
Assets
Cash and Equivalents 2,384.0 23.1 2,407.1
Accounts Receivable 1,899.0 165.0 2,064.0
Inventory 2,119.0 105.4 2,224.4
Prepayments and Advances 0.0 8.4 8.4
Other Current Assets 572.0 11.4 583.4
Current Assets 6,974.0 313.3 7,287.3
PPE 7,981.0 0.0 7,981.0
Accum D&A -3,934.0 0.0 -3,934.0
PPE, Net 4,047.0 61.9 4,108.9
Goodwill & Intangibles 2,080.0 369.2 2,449.2
Other Assets 0.0 0.0 0.0
Other LT Assets 1,382.0 9.1 1,391.1
Total Assets 14,483.0 753.5 15,236.5
Liabilities
Accounts Payable 0.0 30.3 30.3
Payable/Accrued 3,028.0 0.0 3,028.0
Accrued Expenses 0.0 54.8 54.8
ST Debt 192.0 0.0 192.0
Curr Port of LTD & Cap Lease Oblg 404.0 19.5 423.5
Other (Current) Liabilities 0.0 48.2 48.2
Current Liab. 3,624.0 152.8 3,776.8
LT Debt 2,124.0 25.4 2,149.4
Total LT Debt 2,124.0 25.4 2,149.4
Deferred Taxes 0.0 17.3 17.3
Other LT Liab. 2,131.0 24.7 2,155.7
Total Liabilities 7,879.0 220.2 8,099.2
Shareholders Equity
Common Stock 683.0 0.3 683.3
Additional Paid in Capital 5,212.0 403.6 5,615.6
Retained Earnings 3,491.0 98.9 3,589.9
Treasure Stock -1,417.0 -1.8 -1,418.8
Other Equity -1,365.0 32.3 -1,332.7
Total Equity 6,604.0 533.3 7,137.3
Total Liab. & Equity 14,483.0 753.5 15,236.5
Shares Outstanding 651.0 33.3 684.2
Cash Flow
Operating Cash Flow
CF Net Income 1,518.0 22.3 1,540.3
CF Depreciation 576.0 26.7 602.7
CF Deferred Taxes -7.0 -1.7 -8.7
Other Non-Cash Items 215.0 13.9 228.9
Change in Working Capital -209.0 -6.6 -215.6
Total Cash From Operating Activities 2,093.0 54.6 2,147.6
Investing Cash Flow (not calculated)
Capital Expenditures -543.0 -27.6 -570.6
Other Investing Cash Flows 589.0 -34.8 554.2
Total Cash From Investing Activities 46.0 -62.4 -16.4
Financing Cash Flow (not calculated)
Dividends Paid -381.0 0.0 -381.0
Purchase Or Sale of Stock -679.0 15.6 -663.4
Purchase and Retirement of Debt 179.0 -2.9 176.1
Other Financing Cash Flow 297.0 0.0 297.0
Total Cash From Financing Activities -584.0 12.7 -571.3
Exchange Rate Effects -52.0 1.6 -50.4
Net Change in Cash 1,503.0 6.4 1,509.4
Cash Taxes Paid 296.0 10.0 306.0
Cash Interest Paid 108.0 3.0 111.0