Baxter Travenol Laboratories, Inc. (Now Baxter International)

Baxter Travenol Laboratories, Inc. (Now Baxter International)

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Baxter Travenol Laboratories, Inc. (Now Baxter International)
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Beautifully engraved SPECIMEN certificate from the Baxter Travenol Laboratories, Inc. dated 1977. This historic document was printed by the Security-Columbian United States Banknote Company and has an ornate border around it with a vignette of an allegorical woman with a globe. This item has the printed signatures of the Company’s President (William B. Graham ) and Secretary and is over 25 years old.
Certificate Vignette 1931 The company is founded as the first manufacturer of commercially prepared intravenous solutions. 1933 During its first two years, the company distributed products manufactured by another company in Los Angeles owned by Dr. Don Baxter. But as demand grew in the Midwest, the need for a more central manufacturing base became apparent. In 1933, the company opened its first manufacturing facility in a renovated automobile showroom in Glenview, Illinois. There, six employees turned out the complete line of five solutions in glass containers. 1935 The young company prospered and its products earned a reputation for safety and effectiveness, giving physicians new confidence in intravenous therapy. In 1935, Dr. Ralph Falk purchased Dr. Baxter's interest in the company. He also developed an research-and-development function that was the beginning of the company's pioneering advances in medical technology. Strong commitment to R&D continues today as the key to the company's product development efforts. 1939 In 1939, the company, now named Baxter Laboratories, introduced the Transfuso-Vac container, the first sterile, vacuum-type blood collection and storage unit. Before this breakthrough product, blood could be stored for only a few hours; the new container allowed storage for up to 21 days, making blood banking practical for the first time. THE 1940s 1941 When World War II broke out, many of Baxter's blood-collection devices and 25 solutions were the only ones that met the specifications of the U.S. Armed Forces. Temporary plants opened to meet increased demand. However, at the end of the war, demand diminished and the company focused on its need for strong leadership to move the company forward. The Plasma-Vac container provides the first means of separating plasma from whole blood and storing it for future use. 1944 Early in the '40s, a Dutch physician named Willem Kolff began searching for a way to use dialysis, the process by which particles pass through a membrane, to treat patients with kidney failure. In 1944, his work resulted in the Kolff rotating drum kidney, the first machine to remove waste materials successfully from the blood through dialysis. Constructed of wood slats and a cellophane membrane, the Kolff artificial kidney required extensive setup and took over six hours to perform dialysis. 1945 A young patent lawyer named William B. Graham joined the company in 1945 as vice president and manager, and in 1953, succeeded founder Ralph Falk as chief executive officer (CEO). Baxter established one of the most outstanding growth records in American industry during Mr. Graham's tenure as CEO. In 1945, sales exceed $1.5 million. 1947 In 1947, the company moved from its Glenview plant to a larger, central base of operations in Morton Grove, Illinois. The move enabled the company to respond to developments in medical care during the '40s that would have a profound impact on Baxter in years to come: blood therapy and kidney dialysis. 1948 The end of World War II allowed application of emerging plastics technology to the task of storing human blood. In 1948, Dr. Carl Walter, a noted Boston surgeon and co-founder of Fenwal Laboratories, invented the non-breakable Blood-Pack plastic container. THE 1950s 1950 The company grew quickly and began increasing production capacity, as well as new products and international markets. The '50s ushered in a period of expansion: in 1950, the company opened its second US plant, in Cleveland, Mississippi. 1952 Baxter acquired Hyland Laboratories, the first US company to make human plasma commercially available. 1953 William B. Graham becomes president and chief executive officer, and Baxter begins 25 consecutive years of more than 20-percent annual earnings growth. 1954 The company expanded internationally with the opening of an office in Belgium. 1956 Seeking a medical company that would help develop his kidney dialysis machine (essentially made up of of orange juice cans and a washing machine), Dr. Willem Kolff found an ally in Mr. Graham, who was intrigued by the product and saw its possibilities. By 1956, Baxter medical engineers had improved the original construction and had meticulously built 184 working artificial kidneys. Baxter introduced the first commercially built artificial kidney, making life-saving dialysis possible for people with end-stage renal disease. However, the artificial kidney did not immediately receive widespread acceptance in the medical community. The company persevered and today provides products for hemodialysis, peritoneal dialysis (PD) and continuous ambulatory peritoneal dialysis (CAPD), as well as transplantation. 1959 Fenwal Laboratories was purchased in 1959. The unit's Blood-Pack plastic system for collection and processing of whole blood later led to Baxter's development of the Viaflex plastic IV bag, another major innovation in IV therapy. More recently, the technology was applied in the development of a flexible plastic delivery system for dialysis solutions for continuous ambulatory peritoneal dialysis (CAPD), another Baxter first. In the late '50s, Baxter formally established an international division to sell Baxter products around the world. Today, more than half of Baxter sales come from non-U.S. markets. Today, the company has 175 facilities in 50 countries around the world and Its products are used by patients and


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