Hurricane Helene forces Baxter to close North Cove facility; aims for 90-100% IV solution allocation by year-end 2024

BAXTER INTERNATIONAL INC

North Cove facility in Marion, NC closed due to unprecedented flooding from Hurricane Helene on Sept 29, 2024; remediation underway.
Baxter implementing customer order allocations based on historical ordering and medical necessity to manage inventory.
Company working with FDA to allow temporary importation of certain products; reallocating capacity from other Baxter facilities.
Goal to restart North Cove production in phases and achieve 90-100% allocation of certain IV solution product codes by end of 2024.
Baxter plans periodic updates on website and will provide financial impact estimate in Q3 2024 earnings announcement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.