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Baxter Reports Solid First Quarter Financial Results and Raises Full-Year Outlook
Date:4/17/2008

ontrol of capillary, venous, and

arteriolar bleeding by pressure, ligature and conventional procedures

is ineffective or impractical.

-- The launch of the company's V-Link Luer-activated device (LAD) with

VitalShield protective coating, the first needleless IV connector

containing an antimicrobial coating. The protective coating has been

shown to kill on average 99.9 percent of specific common pathogens

(infection-causing microorganisms) within the device that are known to

cause catheter-related blood stream infections, including the highly

treatment-resistant bacteria called methicillin-resistant

Staphylococcus aureus, or MRSA.

-- The announcement of preliminary results of a Phase I/II clinical trial,

in which subcutaneous infusion (under the skin) of GAMMAGARD LIQUID

[Immune Globulin Intravenous (Human)] (IGIV) with Enhanze(TM)

Technology enabled administration of a full monthly dose via a single

site to patients with primary immunodeficiency (PID).

Second Quarter and Full-Year 2008 Outlook

Baxter also announced today that it is raising its earnings outlook for full-year 2008. The company continues to expect sales growth, excluding the impact of foreign exchange, of 5 to 6 percent. Excluding Transfusion Therapies from both 2007 and 2008 and excluding foreign exchange, the company expects sales growth of approximately 6 to 7 percent. Baxter now expects to achieve earnings per diluted share of $3.18 to $3.24, before any special items, and cash flow from operations of approximately $2.6 billion. Previously, the company had provided earnings guidance of $3.10 to $3.18 per diluted share, excluding special items, and expected to generate cash flow from operations of more than $2.5 billion.

For the second quarter of 2008, Baxter expects sales growth of 4 to 5 percent, excluding the impact of foreign exchange, and earnings
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SOURCE Baxter International Inc.
Copyright©2008 PR Newswire.
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Related biology technology :

1. Baxter to Launch GARDian(TM), a Groundbreaking Initiative That Helps Provide Continued Access to GAMMAGARD for Current Patients
2. Baxter and Halozyme Announce Collaboration for Development of Subcutaneous GAMMAGARD LIQUID(TM) Administration Using Enhanze(TM) Technology
3. Baxter Named to Dow Jones Sustainability Index for Ninth Consecutive Year
4. Baxter and Novation Sign Multi-Year Contract Extension Valued at Over $200 Million for Medication Delivery Products
5. Baxter Adds Recombinant Protein to Specialty Therapeutics Portfolio
6. Baxter Kidney Patient Education Program Celebrates Tenth Anniversary
7. Baxter Receives 510(k) Clearance From FDA For V-Link With VitalShield, New Antimicrobial Intravascular Technology
8. Baxter Announces FDA Approval of GELFOAM(R) Plus Hemostasis Kit
9. Baxter International Fourth Quarter 2007 Financial Results Conference Call
10. Baxter Issues Urgent Nationwide Voluntary Recall of Heparin 1,000 Units/mL 10 and 30mL Multi-Dose Vials
11. Baxters Costa Rica Facility Recognized With Shingo Prize for Excellence in Manufacturing
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