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Baxter (BAX) Bleeds Patients Further

Heparin, made Baxter International (NYSE: BAX) is one of the most widely used blood thinners in the world. Today’s disclosure that the U.S. Food and Drug Administration said it never inspected a Chinese facility that made the active ingredient of heparin. That makes Baxter the medical equivalent of Mattel (NYSE: MAT). Wall St. really has to ask why a company as large as Baxter cares so little about its reputation, the safety of millions of patients, and the value of it shares. By the same token, it has done trial lawyers a significant service. According to The Wall Street Journal…
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