If you’re looking to do clinical trials for Lyme disease-related treatments, new research funded by the Centers for Disease Control and Prevention shows that New Jersey and Wisconsin are hot spots for the disease.Durland Fish, a professor of Epidemiology at Yale School of Public Health, said the researchers had found of a search of 300 [...]

Minnesota’s Synovis Life Technologies Inc. is being acquired by Baxter International Inc. in a $325 million deal, the companies announced today.Synovis’ board unanimously approved the buy at $28 per share. Pending shareholder approval, the deal is expected to close in the first quarter of 2012.The maker of biological and mechanical products for surgeries generated $68.6 [...]

Every week, MedCity News highlights the best of its MedCitizens: syndication partners and MedCity News readers who discuss life science current events on MedCitynews.com.Now here’s the best of what YOU had to say:Baxter Ventures will invest $200 million in early-stage companies. Baxter International put aside $200 million in equity to invest in early-stage companies that [...]

Baxter International Inc. (NYSE:BAX) put aside $200 million in equity to invest in early-stage companies that “complement” its portfolio.The newly established ” Baxter Ventures will invest globally and focus on innovative technologies with sustainable long-term growth” under the watch of the Deerfield, Ill.-based company’s chief scientific officer Norbert Riedel, according to [...]

Baxter International Inc. (NYSE:BAX) is planning to offload its U.S.-based generic injectables business to British drug firm Hikma Pharmaceuticals PLC (LSE:HIK).The deal is worth about $112 million to the Deerfield, Illinois-based company, according to a statement.The agreement is comprised of Hikma acquisition of Baxter’s injectable products in vials and ampules, [...]

The average American hospital barely breaks even, according to Forbes’ first survey of America’s most profitable hospitals. But the most profitable hospital in the country — 235-bed Flowers Medical Center in Dothan, Alabama — recorded a 53 percent operating margin and belongs to the for-profit Community Health Systems (NYSE: CYH) chain in Brentwood, Tennessee.

Former CEO and company chairman Brad Nutter announces retirement from the Braintree, Mass.-based blood management company after seven years.Brad Nutter, the turnaround artist who helped pump new life into Haemonetics Corp. (NYSE:HAE) as CEO and later chairman of the board, said he will retire from the company’s board of directors effective [...]

The U.S. Food & Drug Administration said it is requiring nine medical device companies to conduct postmarket analysis on a connection between needless connectors and higher rates of blood stream infections.In a notice posted on the Centers for Devices and Radiological Health web site, officials said that the agency is “aware of [...]

Baxter International Inc.’s (NYSE:BAX) profits fell 9 percent due to higher costs and big write-down from a settlement with the government of Greece.The Deerfield, Ill.-based medical device and vaccine maker posted net income of $535 million for the three months ended June 30, down 9 percent from $587 million during the same period last year. [...]

The U.S. Food & Drug Administration’s recall covers as many as 200,000 of Baxter International Inc.’s Colleague infusion pumps.The Food & Drug Administration issued its final order for the U.S. recall of Baxter International Inc.’s (NYSE:BAX) Colleague infusion pumps.The federal watchdog is requiring the Deerfield, Ill.-based company to provide transition guide [...]