October 2, 2024- Heavy rains and storm surge caused a levee in North Carolina to break, flooding Baxter’s North Cove facility. Bridges to the facility were also damaged from Category 4 Hurricane Helene, which made landfall in Florida on Thursday, September 26th.
According to MedTech Dive and J.P. Morgan’s Marcus, the facility manufactures solutions for intravenous dialysis and a small amount of peritoneal dialysis solution. Baxter does have a backup manufacturing supply for the intravenous solutions, and J.P. Morgan’s Marcus does not expect the storm to significantly affect manufacturing operations or procedure volumes across the sector.
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