Company type | Subsidiary |
---|---|
NYSE: BXLT | |
Industry | Biotechnology |
Founded | 2015Baxter International) | (Spun off from
Fate | Acquired by Shire |
Headquarters | |
Key people | Ludwig N. Hantson (president and CEO) |
Products | Hematology, Immunology, Pulmonology |
Number of employees | 16,000[1] |
Parent | Takeda Pharmaceutical Company |
Website | www |
Baxalta (Bax from the name of its former parent company; alta a Latin adjective meaning 'high' or 'profound'[2]) is a biopharmaceutical company founded on 1 July 2015 after its parent company, Baxter International, spun off biopharmaceutical division.[1] The company began its operation with a revenue of $6 billion,[3] and is now a subsidiary of Takeda Pharmaceutical Company.