Baxter CEO Parkinson Suggests Criminal Intent with regard to Heparin Contamination

(NewsVisual, powered by IntellectSpace) -- In what sounds like grounds for a criminal investigation, the head of Baxter International Inc (NYSE: BAX) said in public for the first time that the tainting of the company’s heparin drug was probably deliberate, according to media reports.

"Robert Parkinson, the Chairman and Chief Executive of Baxter International Inc, told a Congressional committee Tuesday its blood thinner heparin appears to have been deliberately contaminated," MarketWatch reported in an online article on Tuesday.

"Baxter recently recalled the blood thinner after it found batches made at a Chinese plant were contaminated with a substance similar to the drug's active ingredient that has been linked to at least 81 deaths," the MarketWatch article added.

Investors will want to know whether Mr Parkinson can help to see the company through this enormous crisis and restore its reputation and financial viability.

NewsVisual created an IntellectSpace Knowledge Map that illustrates Mr Parkinson’s professional experience as a method for determining whether he can steer the company on the right course.

The Map shows that Mr Parkinson is not a novice to the industry, having served as in several high-level executive positions for Abbott Laboratories Inc.  He also served as a member of the Board of Directors for two other pharmaceutical companies, namely Enzon Pharmaceuticals Inc and GeneProt Inc.

In addition, Mr Parkinson also served as the Dean of Loyola University Graduate School of Business.

However, despite this excellent resume, he will now be called upon to make the most crucial decisions of his business career.

Click here for an interactive and fuller version of this IntellectSpace Knowledge Map.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).