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Baxter's Sales Rise, But Health-Care Pressures Remain

Baxter International Inc. (BAX) reported a slight increase in first-quarter sales, as growth in emerging markets helped to offset continued pricing and utilization pressures in the U.S. and Europe, as well as new austerity measures in China.Baxter--which makes medical products for people with bleeding, kidney and immune disorders, among other conditions--added that the health-care industry remains challenged and likely will remain so in the near term."The market is soft, [and] it's going to continue to remain soft," Chief Executive Robert Parkinson said on a conference call with analysts. "To suggest you're going to see a turnaround from the softness we've seen over the last quarter or so is probably a little optimistic."Baxter is counting on acquisitions and future product launches to help overcome broad economic challenges and the potential of competitors to take market share from some of its biggest-selling drugs."Even in the face of a very challenging macro environment, Baxter cont...

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