Baxter Laboratories, Inc., 1962 00 Specimen 4% Coupon Bond, VF ABN Green

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Baxter Laboratories, Inc., 1962 00 Specimen 4% Coupon Bond, VF ABN Green. 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 million in the mid-1950s to more than 0 million by 1967, when the company was making dialysis equipment, heart-lung machines, and many other equipment items for hospitals.
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