Baxa Corporation Celebrates 30 Years of Product Safety and Innovation for Hospital Pharmacies
In March 1975, two entrepreneurs with experience in pharmacy sales and product development started Baxa Corporation, a medical device company focused on products that ensured patient safety. Thirty years later, the company’s first product – a dispenser dedicated to safe delivery of oral medications – is still the market leader, alongside a full line of devices and systems designed to streamline fluid drug handling, admixture and packaging activities in hospital and alternate-site pharmacies.
Englewood, CO (PRWEB) March 24, 2005 -- In March 1975, two entrepreneurs with
experience in pharmacy sales and product development started Baxa Corporation, a
medical device company focused on products that ensured patient safety. Thirty
years later, the company’s first product – a dispenser dedicated to safe
delivery of oral medications – is still the market leader, alongside a full line
of devices and systems designed to streamline fluid drug handling, admixture and
packaging activities in hospital and alternate-site pharmacies. Baxa Corporation
saw organic growth in the 1970’s and early 1980’s through the development of
close relationships with key national opinion leaders and the company’s
dedication to understanding the needs of hospital pharmacists, and designing
products that specifically addressed those sterile compounding needs.
The
company’s second decade was characterized by organic expansion through market
innovation, as it launched a series of unique products, such as the Repeater™
Pump – the first designed for accurate pharmacy filling. This was followed by
the introduction of the MicroMacro™ Automated Compounders, the first to combine
high speed for large-volume transfer, with accuracy for micro-ingredient
delivery. By the end of its second decade, Baxa has added a dual rate syringe
infuser and the Exacta-Mix™ Universal Pump to its line of products supporting
pharmacy efficiency.
“It’s not thirty years of achievement that is so
rewarding,” states Brian Baldwin, Founder and Chairman Emeritus, “It is the fun
and excitement of the journey. My dream of building a truly great business is a
continuous work in progress.” Brian and co-founder Ron Baxa both remain active
in the business today, complementing the leadership of Brian’s sons Greg and
Jeff Baldwin.
Through its focus on state-of-the-art technology for
automating sterile compounding and improving other pharmacy procedures, Baxa
Corporation gained a reputation as a leader in application knowledge and product
innovation. That reputation led the company’s strategic growth in the 1990’s and
allowed them to partner with companies such as Abbott Laboratories (now
Hospira), Samson Technologies, Fujisawa and others to enhance the value of their
product offering.
“Baxa always demonstrated technical expertise,” notes
Jeff Baldwin, President and COO, “but it was our focus on customers that has
built the business to what it is today. Targeting an underserved market and
finding ways to change their operations to improve efficiencies has helped build
a base of true Baxa “fans” in hospital pharmacies.”
Today, Baxa
Corporation is nearing $100 million in annual sales, with 300 employees at its
Englewood, Colorado headquarters. Reaching this 30-year anniversary milestone
reflects the dedication of Baxa associates and the loyalty of the company’s
customers worldwide. “Our mission,” says Greg Baldwin, Baxa Chairman and CEO,
“has been to build lifelong customer relationships by providing the most
innovative devices and systems for handling, packaging and administering liquid
medications. Our success over the past 30 years is tangible proof that we are
living that mission.”
About Baxa Corporation
Celebrating 30 years of
business in 2005, Baxa Corporation is a Denver-based manufacturer of medical
devices and systems for preparing, handling, packaging, and administering liquid
medications. The company manufactures and markets a wide range of healthcare
products for use in hospitals, critical care units and alternate-site
pharmacies. Privately held, Baxa Corporation has subsidiaries and sales offices
in Canada, the United Kingdom; Denmark and Germany; and distribution partners
worldwide. Further information is available at http://www.baxa.com.
Contacts:
Marian Robinson, Vice
President, Marketing
Baxa Corporation: 800.567.2292 ext. 2157 or
303.617.2157
Email: e-mail protected from spam bots
Maggie Chamberlin
Holben, APR
Absolutely Public Relations: 303.984.9801 or
303.669.3558
Email: e-mail protected from spam bots
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Source : http://www.prweb.com/releases/2005/3/prweb221020.htm