BAX » Topics » INFUSION PUMP CHARGE

This excerpt taken from the BAX 10-Q filed Aug 9, 2005.

INFUSION PUMP CHARGE

 

During the second quarter of 2005 the company recorded a $77 million charge for costs associated with correcting the COLLEAGUE infusion pump design issues. The charge recorded during the quarter represents management’s current estimate of the costs to be incurred to remediate these issues. The charge principally consists of materials, labor and freight costs. The actual costs relating to this matter may differ from management’s estimate. It is possible that additional charges may be required in future periods. It is also possible that actual costs relating to this matter may be less than estimated costs. Refer to Note 4 for further information. Refer to Part II- Item 5. Other Information for additional discussion of related regulatory matters.

 

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