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Stock Market & Financial Investment News

News Breaks
July 7, 2014
09:04 EDTBAXBaxter names Hombach CFO
Baxter International announced that upon completion of the tax-free distribution of the company’s biopharmaceuticals business, Robert Hombach, currently CFO for Baxter International Inc., will be appointed CFO and will assume additional operational responsibilities for the independent biopharmaceuticals company. Hombach will report to Ludwig Hantson, who will serve as the new company’s CEO. James Saccaro will rejoin Baxter August 4, and will assume the role of CFO of Baxter International Inc. following completion of the transaction in 2015.
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December 15, 2014
09:03 EDTBAXBaxter to divest Vero cell vaccines platform to Nanotherapeutics
Baxter International (BAX) announced that it has entered into a definitive agreement to sell its proprietary Vero cell technology and related assets, including its production facility in Bohumil, Czech Republic, to Nanotherapeutics, Inc. Financial details were not disclosed. The agreement with Nanotherapeutics includes all assets related to the platform, including vaccines for H5N1, H1N1 and seasonal influenza. The agreement also includes investigational vaccine programs for Ross River virus, Chikungunya disease and West Nile virus. In recent weeks, the company has also completed the sale of its commercial vaccines business and related manufacturing facilities to Pfizer (PFE).
December 10, 2014
17:19 EDTBAXBaxter announces filing of Form 10 in connection with planned spin-off
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December 9, 2014
12:22 EDTBAXPiper Jaffray biopharm analyst holds an analyst/industry conference call
Senior Research Analyst Schimmer, along with Biopharmaceuticals Analyst Breazzano, discuss gene therapy for hemophilia on an Analyst/Industry conference call to be held on December 11 at 10 am.

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