Summary

Other Scenarios:

Buyer: Guidant Corporation (GDT) Last Price: 80.10 Market Cap.: 27.14B
Target: Baxter International Inc. (BAX) Last Price: 38.56 Market Cap.: 25.38B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
*Healthcare 860
Biopharmaceuticals   314
Healthcare Services   157
Medical Devices 247
Nutritional Health   23
Outsourced Services   69

- 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: 141)
  • LATITUDE Patient Management System
  • HI-Torque Guidewires Series
  • HI-Torque Spartacore
  • HI-Torque Steelcore
Target (Total: 199)
  • Physiometrix Patient State Analyzer (PSA) 4000
  • Baxter Breathing Bag Series
  • Ultra-Fit Anesthesia Face Mask Series
  • Ultra-Seal Anesthesia Face Mask Series
Buyer

n/a
Target
  • Phenergan (Promethazine)
  • Diphenhydramine
  • Phenergan With Dextromethorphan (Promethazine Hydrochloride/Dextromethorphan Hydrochloride)
  • Promethazine Hydrochloride/Dextromethorphan Hydrochloride

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 15)
  • Cardica, Inc. (CRDC)
  • California Micro Devices (CAMD)
  • Novartis AG (ADR) (NVS)
  • AVX Corporation (AVX)
Target (Total: 22)
  • Cisco Systems, Inc. (CSCO)
  • Teva Pharmaceutical Industries Ltd (ADR) (TEVA)
  • Computer Sciences Corporation (CSC)
  • Mettler-Toledo International Inc. (MTD)
Buyer (Total: 3)
  • Johnson & Johnson (JNJ)
  • Viacell, Inc. (VIAC)
  • Chindex International, Inc. (CHDX)
Target (Total: 18)
  • Premier, Inc.
  • Cardinal Health, Inc. (CAH)
  • Medco Health Solutions Inc. (MHS)
  • Zimmer Holdings, Inc. (ZMH)

Key Financial Summary:

Metric Buyer Target
Number of Employees 13,000 47,000
Revenue Per Employee 255,530.9 205,584.5
Total Revenue 828.2 2,409.0
Total Expenses 715.8 2,021.0
Other Revenue 0.0 0.0
Cost of Revenue 187.8 1,357.0
SG&A Expense 368.2 526.0
Research & Development 171.8 138.0
Other Operating Expense 4.5 0.0
Operating Income 112.4 388.0
Unusual Income 0.0 0.0
Gross Margin % 77.32 43.67
Metric Buyer Target
Operating Margin % 13.57 16.11
Total Assets 6,279.4 12,780.0
Return on Equity % 7.25 20.07
Cash+ ST Inv. Per Share 8.44 1.36
Total Debt 359.0 2,405.0
Curr Portion of LTD/Cap Lease 0.0 0.0
Total Debt to Equity 7.62 41.85
LT Debt to Capital 0.19 28.37
Fwd P/E 47.62 18.88
Fwd P/Rev 6.98 2.45
Book Value 4,711.0 5,747.0

Individual Company Summary

Focused

Buyer

Focused (): *Healthcare > Medical Devices > Cardiology > Surgical > Procedure/Region Specific

Target

Focused (): *Healthcare > Medical Devices

Business Description

Buyer

Guidant Corporation (Guidant) provides therapeutic medical solutions for customers, patients and healthcare systems worldwide. The Company's medical technologies are designed for patients suffering from cardiac and vascular disease. Within cardiovascular disease, it develops, manufactures and markets products that focus on the treatment of cardiac arrhythmias, heart failure and coronary, and peripheral disease, including implantable defibrillator systems used to detect and treat abnormally fast heart rhythms (tachycardia) that result in sudden cardiac death, including implantable cardiac resynchronization therapy defibrillator (CRT-D) systems used to treat heart failure; implantable pacemaker systems used to manage slow or irregular heart rhythms (bradycardia), including implantable cardiac resynchronization therapy pacemaker (CRT-P) systems; coronary stent systems for the treatment of coronary artery disease, and angioplasty systems, including dilatation catheters and guidewires.

Target

Baxter International Inc. (Baxter) assists healthcare professionals and their patients with the treatment of complex medical conditions, including hemophilia, immune disorders, infectious diseases, cancer, kidney disease, trauma and other conditions. Baxter's products are used by hospitals, clinical and medical research laboratories, blood and plasma collection centers, kidney dialysis centers, rehabilitation centers, nursing homes, doctors' offices and by patients at home under physician supervision. The Medication Delivery, BioScience and Renal segments comprise Baxter's operations. The Company manufactures products in 28 countries and sells them in over 100 countries.

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.
  
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 Paient Care Subsector comprises of companies that provide services to patients for the diagnosis, treatment, and/or prevention of diseases and injuries.
  
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.
  
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.
  
Neurology
The Neurology Subsector includes medical devices that diagnose, monitor and treat neurological disorders.
  
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.

Target Products:

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

Target Products:

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

Target Products:

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

Target 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.

Target 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.

Target Products:

  • Atenolol
  • Propranolol Hydrochloride
  
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

Target 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.

Target Products:

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

Target 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.

Target 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.

Target 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.

Target 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.

Target Products:

  • Acebutalol Hydrochloride
  • Atenolol
  • Propranolol Hydrochloride
  
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.

Target Products:

  • Baxter BioScience Buminate (Albumin)
  • Baxter BioScience Flexbumin (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.

Target 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.

Target Products:

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

Target Products:

  • Granisetron Hydrochloride
  
Hematology  
Hemophilia  
Hemophilia A  
Clotting Agents
Therapeutics that aid in blood coagulation.

Target Products:

  • Baxter BioScience FEIBA VH (Immuno Anti-Inhibitor Coagulant Complex)
  • Baxter BioScience 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.

Target Products:

  • Baxter BioScience FEIBA VH (Immuno Anti-Inhibitor Coagulant Complex)
  • Baxter BioScience Proplex T (Factor IX 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.

Target Products:

  • Baxter BioScience Epoetin Omega
  
Serum Factor Disorders  
Hypoalbuminemia  
Albumin-Based
Therapeutics based on plasma proteins that treat low levels of serum albumin.

Target Products:

  • Baxter BioScience Albumin
  • Baxter BioScience Flexbumin (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.

Target Products:

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

Target Products:

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

Target Products:

  • Baxter BioScience Gammagard S/D (Immune Globulin Intravenous Solvent/Detergent)
  • Baxter BioScience IVEEGAM EN/Gamimune N (Immune Globulin)
  • 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.

Target 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.

Target Products:

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

Target Products:

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

Target 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.

Target 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.

Target Products:

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

Target 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.

Target 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.

Target 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.

Target Products:

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

Target 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.

Target 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.

Target Products:

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

Target Products:

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

Target 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.

Target 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.

Target 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.

Target 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.

Target 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.

Target 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.

Target Products:

  • Baxter BioScience Acellular Pertussis (aP) Vaccine
  • Baxter BioScience Amvax (Tetanus, Diphtheria And Pertussis) Vaccine
  • Baxter BioScience Haemophilus Influenzae Type B Vaccine
  • Baxter BioScience Group C Meningococcal Vaccine
  • Baxter BioScience Group B Streptococcal Vaccine
  • Baxter BioScience Diphtheria, Tetanus, Acellular Pertussis-Inactivated Polio Virus (DTaP-IPV) 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.

Target Products:

  • Baxter BioScience Diphtheria, Tetanus, Acellular Pertussis-Haemophilus Influezae Type B (DTaP-HIB) Vaccine
  • Baxter BioScience Pneumococcal Otitis Media
  • Baxter BioScience Pneumonia (DNA Based) Vaccine
  • Baxter BioScience Pneumococcal Vaccine
  • Baxter BioScience Group B Meningococcal
  • Baxter BioScience Group A/C Meningococcal Vaccine
  • Baxter BioScience Diphtheria, Tetanus, Acellular Pertussis-Inactivated Polio Virus-Haemophilus Influenzae Type B (DTaP-IPV-HIB) Vaccine
  • Baxter BioScience Escherichia coli Vaccine
  • Baxter BioScience Group A/B/C Meningococcal Vaccine
  • Baxter BioScience Group A Streptococcal Vaccine
  
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.

Target 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.

Target 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.

Target 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.

Target 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.

Target 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.

Target Products:

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

Target 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.

Target Products:

  • Baxter BioScience Enlon(R) (Edrophonium Chloride, USP)
  • Baxter BioScience Enlon-Plus(R) (Edrophonium Chloride, USP & Atropine Sulfate, 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.

Target 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.

Target Products:

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

Target Products:

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

Target 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.

Target 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.

Target 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.

Target 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.

Target Products:

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

Target Products:

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

Target 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.

Target Products:

  • Morphine Sulfate
  • Meperidine HCl
  • 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.

Target 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.

Target 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.

Target Products:

  • Morphine Sulfate
  
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.

Target 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.

Target 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.

Target 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.

Target 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.

Target Products:

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

Target Products:

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

Target 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.

Target 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.

Target Products:

  • Phenergan With Codeine (Promethazine HCL/Codeine Phosphate)
  
Surgery  
General  
Acute Tissue Oxygen Deficiency  
Perfluorochemicals
Therapeutics that are made up mainly of carbon and fluorine that has oxygen carrying properties.

Target Products:

  • Baxter BioScience Oxygent(TM) (Perflubron Emulsion)
  
Complications  
Hemorrhage  
Fibrinolysis Inhibitors
Therapeutics that treat complications involving bleeding after surgical procedures by inhibiting the breakdown of fibrin in blood clots.

Target Products:

  • Baxter BioScience Tisseel VH Kit (Two-Component Fibrin Sealant)
  
Toxicology  
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.

Target Products:

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

Target Products:

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

Target 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.

Target Products:

  • Baxter Renal Care
  • RMS Disease Management
  • RMS Lifeline
  
Medical Devices
Anesthesiology  
Diagnostic  
Monitoring  
Systems  
Consciousness Monitoring
Systems designed to monitor the effect of anesthesia on patients during surgery.

Target 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.

Target Products:

  • Baxter Breathing Bag Series
  • Ultra-Fit Anesthesia Face Mask Series
  • Ultra-Seal Anesthesia Face Mask Series
  
Breathing Circuits
Devices which assist in physical mechanism of breathing.

Target Products:

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

Target Products:

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

Target Products:

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

Target 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.

Target Products:

  • Continuous Double-Deck Epidural Anesthesia Tray Series
  • Double-Deck Epidural Anesthesia Tray Series
  • Single-Pack Epidural Needle Series
  • Single-Deck Epidural Anesthesia Tray Series
  • Continuous Single-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.

Target Products:

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

Target Products:

  • Double-Deck Spinal Anesthesia Tray Series
  • Single-Deck Spinal Anesthesia Tray Series
  • Single-Pack Spinal Needle Series
  
Cardiology
Diagnostic  
Monitoring  
Monitors  
Telemetry  
Telemetry Systems
Complete systems or devices used to facilitate transfer of vitals monitoring data from the patient's site to a central monitor.

Buyer Products:

  • LATITUDE Patient Management System
  
Surgical
General Procedure
Accessories
Guidewires
A small wire-like device that is threaded through a catheter to the site of interest for delivery of another apparatus like a stent.

Buyer Products:

  • HI-Torque Guidewires Series
  • HI-Torque Spartacore
  • HI-Torque Steelcore
  • HI-Torque Supra Core
  
Vessel Closure
Devices used to close heart blood vessels.

Target Products:

  • Fusion Medical FloSeal FAST
  
Instruments  
Electrical  
Irrigation Blowers/Misters
Instruments used to add moisture or aid onto cardiac tissue during surgery.

Buyer Products:

  • Axius Blower/Mister
  
Procedure/Region Specific  
Arrhythmia  
External Pacing  
Dual Chamber
Device that is capable of regulating the electrical stimulation rhythm of two heart chambers.

Buyer Products:

  • Contak Renewal 3RF CRT-D
  • Contak Renewal TR CRT-P
  • Contak CD
  
Implants  
Implantable Cardioverter Defibrillators (ICD)  
Accessories
Components used in conjunction with ICD implants, such as programmers and lead wires.

Buyer Products:

  • EasyTrak
  • Easytrak 2/3
  • Rapido
  • EndoTak Endurance Rx Series
  • EndoTak Reliance
  • The ZOOM Programming System
  • EndoTak Reliance Series
  • EndoTak Endurance EZ Series
  
Non-Rate Adaptive
An implantable device that detects ventricular tachycardia and fibrillation and automatically delivers an electrical shock to restore normal heartbeat, but does not change its function due to physical activity the heart is enduring.

Buyer Products:

  • Syncrus System
  • Ventak AV Series
  • Ventak MINI II Series
  • Ventak MINI III Series
  • Ventak MINI IV Series
  
Rate Adaptive
An implantable device that detects ventricular tachycardia/fibrillation and automatically delivers an electrical shock to restore normal heartbeat, and adapts to the present rate of the physical activity the heart is under.

Buyer Products:

  • Vitality 2
  • Vitality DS/EL
  • Vitality HE
  • Contak CD 2
  • Contak Renewal 3 CRT-D
  • Contak Renewal TR
  • Ventak Prizm AVT
  • Ventak VR Series
  • Ventak Prizm HE
  • Ventak Prizm 2
  • Ventak Prizm VR Series
  • Ventak Prizm DR
  • Ventak Prizm 2 VR Series
  • Ventak AV III DR Series
  • Ventak AV II DR Series
  • Vitality AVT
  
Pacemakers  
Accessories
Components used in conjunction with pacemakers, such as programmers and lead wires.

Buyer Products:

  • Fineline Series
  • Model 2901
  • Model 2035
  • Flextend
  • Selute Picotip Series
  • Sweet PICOTIP
  • Sweet Tip Rx
  • Sweet Picotip RX
  • Selute Atrial J
  • Model 2950
  
Non-Rate Adaptive
Pacemakers (including single chamber and dual chamber) which do not automatically adapt to the changing heart rate of the patient.

Buyer Products:

  • Discovery II DDD
  • Meridian SSI
  • Pulsar DDD
  • Pulsar SSI
  • Vigor SSI
  • Vigor DDD
  • Meridian DDD
  • Discovery II SSI
  
Rate Adaptive
Pacemakers (including single chamber and dual chamber) which automatically adapt to the changing heart rate of the patient.

Buyer Products:

  • Discovery DR
  • Discovery II SR
  • Discovery II DR
  • Insignia Series
  • Meridian SR
  • Meridian DR
  • Pulsar MAX DR
  • Vigor SR
  • Vigor DR
  • Pulsar SR
  • Pulsar MAX SR
  • Pulsar MAX II SR
  • Pulsar MAX II DR
  • Pulsar DR
  • Discovery SR
  • Insignia Ultra
  
Microwave Surgical Ablation Systems
Systems used to restore normal heart rhythm by using microwave energy to destroy cells that cause abnormal electrical impulses.

Buyer Products:

  • Flex Series
  • AFx Microwave Ablation System
  
Cardiopulmonary Support  
Minimally Invasive  
Endovascular Bypass Systems
Minimally invasive device that provides cardiopulmonary support by bypassing the heart.

Buyer Products:

  • Voyager Aortic IntraClusion Device
  
Coronary Artery Bypass Graft (CABG)  
Invasive (Open Heart)  
Accessories
Various instruments used to assist in open heart bypass surgery, such as sutures, needles and vessel occluders.

Buyer Products:

  • Heartstring Proximal Seal System
  
Manual Instruments
Various devices used to perform open heart bypass surgery that do not require electrical power, such as heart positioners, stablizers and retractors.

Buyer Products:

  • Access MV Stabilizer System
  • Acrobat Pump System Series
  • Vortex Stabilization Device
  • Ultima OPCAB System
  • Axius Mechanical Stabilizer System
  • Axius Vacuum 2 Stabilizer System
  • Axius Vacuum Stabilizer System
  • Axius Xpose Series
  • Axius Off-Pump System
  
Shunts
Devices used to divert blood flow in order to perform surgical procedure.

Buyer Products:

  • Axius Coronary Shunt
  • FloCoil Shunt
  
Minimally Invasive  
Manual Instruments
Manual surgical instruments used to perform minimally invasive coronary bypass surgery, such as retractors, forceps, clamps, clip applicators, stablilizers, bisectors and other similar items.

Buyer Products:

  • Access MP Lift Set
  • Access MV Stablizer Set
  • Origin
  
Revascularization  
Atherectomy  
Directional Catheters
Catheter that is able to be manually directed one way or the other.

Buyer Products:

  • Atherocath Bantam
  • Atherocath GTO
  • Atherocath SCA-EX
  • Flexi-cut
  • Atherocath SCA-EX Shortcutter
  
Percutaneous Transluminal Coronary Angioplasty (PTCA)  
Catheters  
Balloon  
Over-The-Wire
A balloon catheter that is put into position by passing it over the guidewire all the way to the coronary blockage site of interest.

Buyer Products:

  • ACS OTW Solaris
  • ASC OTW Photon
  • OTW OpenSail
  • OTW HighSail
  
Rapid Exchange
An angioplasty balloon catheter that provides flexibility, trackability, tactile feedback, and ease of use.

Buyer Products:

  • ACS RX Gemini Series
  • ACS RX Solaris Series
  • RX PowerSail
  • Voyager Rapid-Exchange Coronary Dilatation Catheter
  • X-Technologies FX MiniRAIL Focused Force
  • RX CrossSail
  
Guiding
Catheter used to guide the balloon into place in the coronary artery.

Buyer Products:

  • ACS Rad Curve
  • Viking Optima
  • Tourguide
  • ACS Viking
  
Restenosis Prevention  
Stents Systems  
Coated
Stent systems that are coated with pharmaceuticals that aid the stent in preventing restenosis.

Buyer Products:

  • XIENCE V Everolimus-Eluting Stent
  • Cordis CYPHER Sirolimus-Eluting Stent
  • Bioabsorbable EverolimusDrug Eluting Stent
  • Cook Acheive Paclitaxel-Coated Stent System
  
General
Stent systems that are not coated with additional pharmaceuticals indicated to prevent restenosis.

Buyer Products:

  • Multi-Link Mini Vision Coronary Stent System
  • Multi-Link Vision
  • Multi-Link OTW / RX Tetra
  • Multi-Link OTW / RX Pixel
  • Multi-Link OTW / RX Penta
  • ACS Multi-Link OTW / RX Ultra
  • ACS Multi-Link OTW / RX Tristar
  • Multi-Link Zeta
  • Multi-Link Frontier Coronary Bifurcation Stent System
  
Valvoplasty  
Valves  
Aortic Valved Conduits  
Mechanical
A channel through the aorta the blood can flow through that has a valve to stop or control the flow.

Buyer Products:

  • CoPilot Bleedback Control Valve
  
Drug Delivery  
Infusion Therapy  
Accessories  
Admixture Systems
Medical systems designed to combine multiple medications for delivery to the patients

Target 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.

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

  • Ipump Pain Management System
  
Vascular Access  
Peripheral Intravenous Catheters  
Infusion Sets
Complete infusion sets containing peripheral intravenous catheters.

Target Products:

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

Target Products:

  • Interlink Flash-Cath Series
  • Interlink Quik-Cath Series
  
Gastroenterology
Surgical  
General Procedure  
Minimally Invasive/Oral Percutaneous Rectal  
Region Specific  
Biliary  
Stents Systems
A device used to keep open the bile duct.

Buyer Products:

  • Dynalink Biliary Self-Expanding Stent System Series
  • RX Herculink Biliary Stent System
  • Omnilink Biliary Stent System
  • Megalink SDS Biliary Stent System
  
Treatment  
Stomach  
Tubes  
Feeding
A tube that carries food to the stomach.

Target Products:

  • Clintec Dual Port Feeding Tube Series
  
General Surgery  
Invasive  
Surgical-Site Treatments  
Sealants  
Hemostatic  
Delivery Systems
Medical devices designed to deliver hemostatic sealants to the surgical site

Target Products:

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

Target Products:

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

Target Products:

  • Baxter BioScience Tisseel VH Kit (Two-Component Fibrin Sealant)
  • Fusion Medical FloSeal Matrix
  
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.

Target Products:

  • French Esophageal Stethoscope Series
  
Safety and Sterilization  
Safety  
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.

Target Products:

  • Bentley BosPac Plus
  
Neurology  
Diagnostic  
Monitoring  
Monitors  
Electroencephalograph (EEG)  
Intraoperative
An electroencephalograph that is used during surgery.

Target Products:

  • Physiometrix Patient State Analyzer (PSA) 4000
  
Surgical  
General Procedure  
Surgical Sealants
A glue like material, made up of biomaterials, that is used to close up surgical incisions.

Target Products:

  • Fusion Medical Proceed
  
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.

Target Products:

  • Hylenex (Recombinant Human Hyaluronidase)
  
Orthopedics  
Surgical  
Procedure Specific  
Bone Loss Reconstruction  
General  
Bone Fillers
Devices used to fill the formed bone cavity with hardening material.

Target Products:

  • Tricos T Bone Void Filler
  
Respiratory  
Treatment  
Assisted Breathing  
Intubation  
Breathing Circuits
Instrument used to measure respiratory parameters such as pressure.

Target Products:

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

Target Products:

  • Fenwal Blood-Pack Series
  • Cryocyte Freezing Containers
  • 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.

Target 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.

Target 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.

Target 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.

Target Products:

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

Target 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.

Target 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.

Target 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.

Target 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

Target Products:

  • Irrigation Set Series
  
Procedure/Region Specific  
Incontinence  
Female  
Bladder Neck Suspension  
Distention Systems
Surgical instruments used to expand the bladder with fluids, including water, to improve urinary bladder control in female incontinence patients .

Buyer Products:

  • Preperitoneal Distention Balloon (PDB) Series
  
Tacking Systems
Complete set of instruments used to anchor something in place.

Buyer Products:

  • Origin Polypropelene Mesh
  • Origin Stat Tack Multi-fire Fixation Device
  • Origin Tacker Fixation Device
  
Treatment
Renal
Hemodialysis
Components
Access Grafts
Pieces of material or tissue used to cover up holes made in the body for hemodialysis access.

Buyer Products:

  • Thoratec Vectra VAG System
  
Concentrates
Chemicals used in hemodialysis.

Target Products:

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

Target 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.

Target Products:

  • Althin Altra Flux
  • Althin Altrex
  • Althin MCA
  • Accura
  • 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.

Target Products:

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

Target Products:

  • Althin AltraTouch 1000
  • Althin System 1000
  • Althin TINA System 1000 Series
  • BM25
  • Arena
  • Althin System 1000 with 750 RO Unit
  
Peritoneal Dialysis  
Components  
Solutions
Chemical agents used in peritoneal dialysis.

Target 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.

Target Products:

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

Target Products:

  • UltraBag System
  
Vascular
Surgical
General Procedure
Accessories
Guidewires
Surgical instruments used to lead other medical devices such as catheters into specific areas of the blood vessels

Buyer Products:

  • HI-Torque Memcore Firm
  • HI-Torque Spartacore
  • HI-Torque Supra Core
  • HI-Torque Steelcore
  
Vessel Closure
Devices used to close and repair vascular structures, including both complete systems and associated clamps, felts and pledgets.

Target Products:

  • Fusion Medical FloSeal FAST
  
Vessel Harvesting  
Systems
Medical instruments necessary for vessel harvesting procedures sold as a complete system.

Buyer Products:

  • Vasoview 5 Endoscopic
  • Vasoview 6 Endoscopic Vessel Harvesting System
  
Procedure/Region Specific  
Patency  
Thrombolytic/Embolytic Catheters
Intravascular catheters used to break up plaque build-up and obstructions in blood vessels; thrombus and embolus are composed primarily of platelets/fibrin and platelets/leukocytes combinations respectively.

Buyer Products:

  • AgilTrac Peripheral Dilation Catheter
  
Percutaneous Transluminal Coronary Angioplasty (PTCA)  
Catheters  
Balloon
Catheters equipped with an expanding balloon at the tip

Buyer Products:

  • OTW Viatrac
  • RX Viatrac
  
Guiding
Catheters used to guide the balloon catheter in place.

Buyer Products:

  • Veripath
  
Restenosis Prevention  
Stents Systems  
Biliary Tract
Stent inserted into the biliary tract in the liver to prevent future obstruction.

Buyer Products:

  • Dynalink Biliary Self-Expanding Stent System Series
  • Absolute Biliary Self-Expanding Stent
  • RX Herculink Biliary Stent System
  • Omnilink Biliary Stent System
  • Megalink SDS Biliary Stent System
  
Peripheral
Stents designed to be placed in peripheral blood vessels.

Buyer Products:

  • RX Acculink Carotid Stent System and RX Accunet Embolic Protection System
  
Nutritional Health  
Dietary/Naturopathic Supplements  
General Health
Products consisting of dietary/naturopathic supplements that are intended to support general health.

Target Products:

  • Baxter Inernational Inc.
  
Outsourced Services  
Development/Manufacturing Services  
Contract Manufacturing Organizations (CMO)  
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.

Target 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
Overlap
  Specialized Health Products Internat. n/a 20.976 n/a n/a 3.00 n/a 40.42
Buyer
  Johnson & Johnson n/a 173,713.146 16.88 15.82 3.44 3.27 6.76
Abbott Laboratories n/a 64,622.293 19.32 16.50 2.89 2.94 14.51
Target
  Wyeth n/a 63,950.250 17.43 15.44 3.41 3.13 8.12
Bayer AG (ADR) n/a 31,455.824 16.33 n/a 0.95 0.99 7.68
Cardinal Health, Inc. n/a 28,469.041 24.75 21.90 0.37 0.36 7.76
Fresenius Medical Care AG & Co. (ADR) n/a 11,417.330 25.12 21.54 1.69 1.38 -165.47
Chiron Corporation n/a 9,459.472 51.16 27.90 4.93 n/a 5.84
Hospira, Inc. n/a 6,289.492 26.17 20.26 2.39 2.32 5.14
Rexam PLC (ADR) n/a 5,515.108 13.63 14.72 0.96 0.85 -6.16
Pall Corporation n/a 3,843.862 26.54 22.99 1.99 1.95 4.30
Rhodia (ADR) n/a 3,294.808 n/a n/a 0.48 0.47 -2.46
Abraxis BioScience, Inc. n/a 2,135.779 24.69 38.01 4.12 3.18 5.12
Haemonetics Corporation n/a 1,460.343 23.38 27.39 3.57 3.37 3.86
Crucell N.V. (ADR) n/a 1,121.797 n/a n/a 24.31 22.10 6.77
Alexion Pharmaceuticals, Inc. n/a 1,084.213 n/a -9.21 685.96 504.02 17.51
The Medicines Company n/a 985.275 n/a 66.97 6.56 4.96 5.77
Vital Signs, Inc. n/a 663.419 24.47 21.56 3.38 3.18 4.27
ICU Medical, Incorporated n/a 565.879 27.71 24.90 3.59 2.94 3.20
Panacos Pharmaceuticals, Inc. n/a 367.947 n/a -8.16 350.09 616.30 4.30
Acambis plc (ADR) n/a 367.226 n/a -7.34 5.26 5.68 3.00
Akorn, Inc. n/a 361.371 n/a 101.00 8.12 4.61 11.72
Omnicell, Inc. n/a 338.604 n/a 30.53 2.79 2.17 6.83
NxStage Medical, Inc. n/a 266.259 n/a -7.53 44.42 15.65 3.95
ThermoGenesis Corp. n/a 213.658 n/a -39.50 21.21 n/a 19.10

- 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
Overlap
  Phase Forward Incorporated n/a 403.666 115.32 39.07 4.64 3.79 10.58
Buyer
  Cardica, Inc. 65.00% 76.851 n/a -4.84 80.69 38.16 -8.60
California Micro Devices 13.00% 174.515 43.00 26.83 2.59 2.55 3.09
Target
  Cisco Systems, Inc. n/a 127,193.580 23.36 20.62 4.90 4.62 7.47
Teva Pharmaceutical Industries Ltd (ADR) n/a 25,581.879 23.81 20.50 4.87 3.14 8.73
Computer Sciences Corporation n/a 10,979.025 13.14 18.10 0.75 0.76 4.23
Mettler-Toledo International Inc. n/a 2,561.407 23.88 19.83 1.73 1.69 19.58
Angiotech Pharmaceuticals, Inc. (USA) n/a 1,239.085 n/a 18.64 6.21 3.91 3.34
Ariba, Inc. n/a 681.235 n/a 23.72 2.18 2.22 -22.30
InterMune, Inc. n/a 598.137 n/a -12.88 5.41 6.10 19.87
webMethods, Inc. n/a 498.812 139.82 38.00 2.47 2.42 3.55
Hudson Highland Group, Inc. n/a 456.267 89.29 29.19 0.32 0.31 4.47
SkyePharma PLC (ADR) n/a 421.950 n/a n/a 3.48 n/a -3.81
Phase Forward Incorporated n/a 403.666 115.32 39.07 4.64 3.79 10.58
Capital Lease Funding, Inc. n/a 294.012 64.05 11.04 4.02 2.31 1.09
Cerus Corporation n/a 198.956 16.23 -7.63 8.16 7.33 5.64
Dyax Corp. n/a 180.448 n/a -5.21 9.09 9.32 4.63
ZEVEX International, Inc n/a 70.381 34.93 n/a 2.32 n/a 6.59
CFC International, Inc. n/a 53.016 12.21 12.26 0.60 n/a 1.63
Interlink Electronics n/a 39.791 n/a n/a 1.03 n/a 1.21
MTM Technologies, Inc. n/a 39.703 n/a n/a 0.20 n/a 15.67
XATA Corporation n/a 37.146 n/a n/a 1.75 1.42 8.14
Attunity Ltd. n/a 34.834 n/a n/a 2.30 n/a -44.64
HEI, Inc. n/a 24.931 n/a n/a 0.46 n/a 2.04
Cangene Corporation n/a n/a n/a n/a n/a 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
Buyer
  Johnson & Johnson n/a 173,713.146 16.88 15.82 3.44 3.27 6.76
Viacell, Inc. n/a 220.807 n/a -13.90 4.97 4.06 4.45
Chindex International, Inc. n/a 70.307 n/a n/a 0.69 n/a 3.11
Target
  Premier, Inc. 7.70% n/a n/a n/a n/a n/a n/a
Cardinal Health, Inc. n/a 28,469.041 24.75 21.90 0.37 0.36 7.76
Medco Health Solutions Inc. n/a 16,629.602 26.04 20.86 0.44 0.39 -97.99
Zimmer Holdings, Inc. n/a 16,489.028 22.51 19.46 5.02 4.64 11.01
Chiron Corporation n/a 9,459.472 51.16 27.90 4.93 n/a 5.84
MedImmune, Inc. n/a 7,816.641 n/a 82.03 6.28 5.67 6.27
Amylin Pharmaceuticals n/a 5,865.863 n/a -28.19 41.76 14.15 89.45
United Therapeutics Corporation n/a 1,419.782 21.54 29.64 12.25 9.54 5.42
MGi Pharma, Inc. n/a 1,391.738 n/a 254.86 4.98 3.78 -40.13
Acambis plc (ADR) n/a 367.226 n/a -7.34 5.26 5.68 3.00
Cerus Corporation n/a 198.956 16.23 -7.63 8.16 7.33 5.64
Allos Therapeutics, Inc. n/a 173.499 n/a -5.01 n/a 4.66 3.26
Neurobiological Tech. n/a 103.723 n/a -6.27 19.57 18.15 -29.32
Praecis Pharmaceuticals n/a 48.465 n/a n/a 6.37 n/a 0.95
Curative Health Services, Inc. n/a 0.846 n/a n/a 0.00 0.00 -0.01
National Health Service (United Kingdom) n/a n/a n/a n/a n/a n/a n/a
Cyclacel Pharmaceuticals, Inc. n/a n/a n/a -4.62 n/a n/a n/a
United States Government 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
  General Electric Company n/a 361,460.204 22.27 17.15 2.41 2.24 13.08
Johnson & Johnson n/a 173,713.146 16.88 15.82 3.44 3.27 6.76
Target
  Cardinal Health, Inc. n/a 28,469.041 24.75 21.90 0.37 0.36 7.76
Teva Pharmaceutical Industries Ltd (ADR) n/a 25,581.879 23.81 20.50 4.87 3.14 8.73
Medco Health Solutions Inc. n/a 16,629.602 26.04 20.86 0.44 0.39 -97.99
Zimmer Holdings, Inc. n/a 16,489.028 22.51 19.46 5.02 4.64 11.01
Chiron Corporation n/a 9,459.472 51.16 27.90 4.93 n/a 5.84
MedImmune, Inc. n/a 7,816.641 n/a 82.03 6.28 5.67 6.27
Amylin Pharmaceuticals n/a 5,865.863 n/a -28.19 41.76 14.15 89.45
PDL BioPharma Inc. n/a 3,368.372 n/a 70.95 12.04 7.92 47.43
Nektar Therapeutics n/a 1,889.833 n/a -16.72 14.97 11.21 8.08
Haemonetics Corporation n/a 1,460.343 23.38 27.39 3.57 3.37 3.86
United Therapeutics Corporation n/a 1,419.782 21.54 29.64 12.25 9.54 5.42
MGi Pharma, Inc. n/a 1,391.738 n/a 254.86 4.98 3.78 -40.13
Angiotech Pharmaceuticals, Inc. (USA) n/a 1,239.085 n/a 18.64 6.21 3.91 3.34
The Medicines Company n/a 985.275 n/a 66.97 6.56 4.96 5.77
InterMune, Inc. n/a 598.137 n/a -12.88 5.41 6.10 19.87
Threshold Pharmaceuticals, Inc. n/a 569.795 n/a -8.96 824.88 484.09 6.38
SkyePharma PLC (ADR) n/a 421.950 n/a n/a 3.48 n/a -3.81
Acambis plc (ADR) n/a 367.226 n/a -7.34 5.26 5.68 3.00
Cerus Corporation n/a 198.956 16.23 -7.63 8.16 7.33 5.64
Critical Therapeutics, Inc. n/a 185.794 n/a -3.54 29.85 8.86 2.57
Halozyme Therapeutics, Inc. n/a 184.513 n/a -16.06 1,425.86 n/a 10.13
Dyax Corp. n/a 180.448 n/a -5.21 9.09 9.32 4.63
Allos Therapeutics, Inc. n/a 173.499 n/a -5.01 n/a 4.66 3.26

- Defined by the Company - Defined by Others

Financials

  Buyer Target Combined Entity
Income Statement
Operating Items
Revenue 3,550.6 9,875.0 13,425.6
Other Revenue 0.0 0.0 0.0
Total Revenue 3,550.6 9,875.0 13,425.6
Cost of Revenue 929.5 5,621.0 6,550.5
SG&A Expense 1,394.0 2,074.0 3,468.0
Depreciation & Amortization 22.2 0.0 22.2
Research & Development 598.0 538.0 1,136.0
Interest Expense -57.4 0.0 -57.4
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) 135.0 -32.0 103.0
Total Expenses 3,021.3 8,201.0 11,222.3
Operating Income 529.3 1,674.0 2,203.3
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng 0.0 -105.0 -105.0
Other, Net 0.0 -69.0 -69.0
Income Before Taxes 529.3 1,500.0 2,029.3
Income Taxes 85.7 484.0 569.7
Income After Taxes 443.6 1,016.0 1,459.6
Net Income - Excl. Xord. Items 443.6 1,016.0 1,459.6
Discontinued Operations -29.7 -4.0 -33.7
Net Income - Incl. Xord. Items 413.9 1,012.0 1,425.9
Income Avail. to Common 413.9 1,012.0 1,425.9
Share Items
Basic Avg. Shares Outstanding 329.9 641.0 970.9
Basic EPS - Excl. Xord. Items 1.37 1.62 1.50
Basic EPS - Incl. Xord. Items 1.28 1.61 1.47
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 335.9 648.0 983.9
F.D. EPS - Excl. Xord. Items 1.34 1.60 1.48
F.D. EPS - Incl. Xord. Items 1.25 1.59 1.45
Dividends Per Common Share 0.40 0.58 0.98
Balance Sheet
Assets
Cash and Equivalents 2,383.7 881.0 3,264.7
ST Investments 450.9 0.0 450.9
Accounts Receivable 710.3 1,750.0 2,460.3
Inventory 397.2 2,006.0 2,403.2
Prepayments and Advances 89.1 0.0 89.1
Other Current Assets 465.7 594.0 1,059.7
Current Assets 4,496.9 5,231.0 9,727.9
PPE 1,828.8 0.0 1,828.8
Accum D&A -867.2 0.0 -867.2
PPE, Net 961.6 4,122.0 5,083.6
Goodwill & Intangibles 599.1 0.0 599.1
Long Term Investments 87.2 0.0 87.2
Other Assets 0.0 0.0 0.0
Other LT Assets 134.6 3,427.0 3,561.6
Total Assets 6,279.4 12,780.0 19,059.4
Liabilities
Accounts Payable 91.8 0.0 91.8
Payable/Accrued 0.0 0.0 0.0
ST Debt 349.8 129.0 478.8
Other (Current) Liabilities 876.0 2,796.0 3,672.0
Current Liab. 1,317.6 2,925.0 4,242.6
LT Debt 9.2 2,276.0 2,285.2
Total LT Debt 9.2 2,276.0 2,285.2
Other LT Liab. 241.6 1,832.0 2,073.6
Total Liabilities 1,568.4 7,033.0 8,601.4
Shareholders Equity
Common Stock 1,095.4 0.0 1,095.4
Additional Paid in Capital 602.1 0.0 602.1
Retained Earnings 2,940.9 0.0 2,940.9
Other Equity 81.1 5,747.0 5,828.1
ESOP Debt Guarantee -8.5 0.0 -8.5
Total Equity 4,711.0 5,747.0 10,458.0
Total Liab. & Equity 6,279.4 12,780.0 19,059.4
Shares Outstanding 333.8 641.0 974.8
Cash Flow
Operating Cash Flow
CF Net Income 413.9 1,014.0 1,427.9
CF Depreciation 144.2 572.0 716.2
CF Amortization 22.2 0.0 22.2
CF Deferred Taxes -317.0 180.0 -137.0
Other Non-Cash Items 319.9 165.0 484.9
Change in Working Capital 412.6 -348.0 64.6
Total Cash From Operating Activities 995.8 1,583.0 2,578.8
Investing Cash Flow
Capital Expenditures -310.1 -455.0 -765.1
Other Investing Cash Flows -218.3 28.0 -190.3
Total Cash From Investing Activities -528.4 -427.0 -955.4
Financing Cash Flow
Dividends Paid -130.6 -363.0 -493.6
Purchase Or Sale of Stock 462.2 1,201.0 1,663.2
Purchase and Retirement of Debt -299.6 -1,292.0 -1,591.6
Other Financing Cash Flow 0.0 -29.0 -29.0
Total Cash From Financing Activities 32.0 -483.0 -451.0
Exchange Rate Effects -9.9 -23.0 -32.9
Net Change in Cash 489.5 650.0 1,139.5
Cash Taxes Paid 39.4 176.0 215.4
Cash Interest Paid 30.5 159.0 189.5