Baxter Employee Under Investigation for Price Fixing

Apr 17, 2017


Baxter International shares dipped about 1 percent Monday after one of its employees received a grand jury subpoena in a case about intravenous saline pricing and sales, according to CNBC.

Baxter said the subpoena is "pursuant to a criminal investigation" and asks the employee to produce documents and testimony related to pricing, shortages of intravenous products "and communications with competitors regarding the same," the company said.

Read the CNBC article