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Baxter Laboratories, Inc, 1974 <100 Shrs Specimen Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:15.00 USD Estimated At:45.00 - 75.00 USD
Baxter Laboratories, Inc, 1974 <100 Shrs Specimen Stock Certificate
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Baxter Laboratories, Inc, 1974 <100 Shrs Specimen Stock Cert., VF-XF Orange. In 1931, physicians Donald Baxter of Los Angeles and Ralph Falk of Boise, Idaho, started the Don Baxter Intravenous Products Corp., which made supplies for IV systems in hospitals. In 1933, Baxter started a manufacturing plant in Glenview. A pioneer in blood preservation methods as well as IV supplies, Baxter grew steadily. In 1947, it moved its headquarters to Morton Grove; the company soon employed over 500 people in the Chicago area. Annual sales grew from about $10 million in the mid-1950s to more than $100 million by 1967, when the company was making dialysis equipment, heart-lung machines, and many other equipment items for hospitals. In 1975, when it employed about 2,200 in the Chicago area, the company moved its headquarters to suburban Glenview; the following year, its name changed to Baxter Travenol Laboratories. The company grew rapidly thereafter.