The natural disaster in Puerto Rico has knocked out the manufacturing capacity for small volumes of sodium chloride and dextrose at one of two major suppliers. That could send a ripple effect throughout the U.S. healthcare industry.
Pfizer is one of several saline manufacturers that received subpoenas seeking documents regarding manufacturing, pricing and communication with competitors.
Drugmaker Baxter International is acquiring Claris Injectables, an India-based firm that makes generic injectable medicines.
Baxalta President and CEO Ludwig Hantson received almost $19 million in 2015 for running a company that was not even a year old.
José Almeida has been appointed chairman and CEO of Baxter International, the Deerfield, Ill.-based medical product company.
Baxter International said Tuesday that it's cutting about 1,400 jobs worldwide. The cuts represent 5% of the Deerfield, Ill.-based company's non-manufacturing payroll.