Baxter is a pharmaceutical and medical supplies manufacturer based in Illinois. Internally, it is segmented into three divisions. A bio science division focuses on genetic medicine, new vaccines, and biological sealants and products for surgical procedures, accounting for 45% of corporate revenue. Baxter’s medical division produces syringes and inhaled anesthetic, and accounts for about 35% of annual revenue. The rest of its product line includes home dialysis, regenerative medicine and anti-nausea products. The company showed an 8.18% sales growth in 2011, and had total sales of just under $14 billion. This contains an estimated $7.05 billion profit, although a price to sales ratio of 2.34 puts it under the industry average [22].