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Baxter Presents Phase I Inhaled Insulin Study Results at,Respiratory Drug Delivery Conference

of complex medical conditions, including cancer, hemophilia, immune disorders, kidney disease and trauma. The company applies its expertise in medical devices, pharmaceuticals and biotechnology to make a meaningful difference in patients' lives.

This release includes forward-looking statements concerning the potential of PROMAXX technology in inhaled insulin applications. The statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those in the forward-looking statements: satisfaction of regulatory and other requirements for timely commencement of additional clinical trials; additional results; demonstrating the safety and efficacy of the product; market acceptance of such products; and other risks identified in the company's most recent filing on Form 10-Q and other SEC filings, all of which are available on the company's web site. The company does not undertake to update its forward- looking statements.

Baxter and PROMAXX are trademarks of Baxter International Inc., its subsidiaries or affiliates.

CONTACT: Media Contact, Tom Kline, +1-847-948-2251, or Investor Contacts,Mary Kay Ladone, +1-847-948-3371, or Clare Trachtman, +1-847-948-3085, allof Baxter Healthcare Corporation

Web site: http://www.baxter.com/

Ticker Symbol: (NYSE:BAX)

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