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Baxa Corporation’s Brian Baldwin Wins Ernst & Young 2005 Entrepreneur Of The Year® Award

26 June 2005

Brian Baldwin, founder and Vice Chairman of Baxa Corporation, was selected as an Ernst & Young 2005 Entrepreneur of the Year in a ceremony Thursday evening at the Donald Seawell Ballroom of the Denver Center for Performing Arts. Baldwin, the winner for the medical and health sciences category, joined eight other award winners in six different categories for the Rocky Mountain Region. Baxa Corporation manufactures and markets devices used for mixing, handling and dispensing fluid medications; including oral unit-dosing, IV admixture, syringe infusion and multi-source solution compounding.

In his acceptance speech, Baldwin acknowledged the company’s strong growth over its 30-year history and the hundreds of associates whose contributions made that achievement possible. Brian continued by thanking his wife for her continued support, noting that “Entrepreneurs make very difficult spouses.” He also thanked sons Greg and Jeff Baldwin, now the senior managers for Baxa Corporation, for taking on the reins and continuing the company’s financial and operational success.

The nine award winners were selected from nearly 100 nominations by a panel of independent judges consisting of area leaders from business, academic and civic organizations. These regional winners are eligible for consideration for the national Entrepreneur Of The Year 2005 awards in Palm Springs, California in November.

Reflecting on the achievement Greg Baldwin, Baxa Chairman and CEO noted, “The Entrepreneur of the Year Award is a great recognition of Brian’s outstanding leadership in product development. His focus on meeting true customer needs led Baxa to be the market leader in our niche.” Greg continued, “It’s great to see that focus and leadership acknowledged through an award of such stature.”

Brian founded Baxa Corporation in 1975, with a product designed for safe and precise administration of oral medications. He holds more than 30 US and international patents, and continues to provide entrepreneurial insight and developmental direction to the business thirty years later. Today, Baxa still focuses on developing products and systems that deliver safety and efficiency for fluid drugs as it did when it was founded.

About The Entrepreneur of the Year Awards
The Entrepreneur Of The Year® (EOY) awards program was created in the United States by Ernst & Young in 1986 to honor entrepreneurs whose ingenuity and perseverance have created and sustained successful, growing business ventures. Today, EOY has been expanded to more than 115 cities in 35 countries with awards presented to nearly 1,000 of the world’s most successful and innovative entrepreneurs. More information is available at http://www.ey.com/global.

About Ernst & Young
Ernst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Its 100,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk-management knowledge in Ernst & Young's core services of audit, tax, and transaction advisory services. Further information is available at http://www.ey.com/perspectives.

About Baxa Corporation
Celebrating 30 years of business in 2005, Baxa Corporation is a Denver-based manufacturer of medical devices and systems for preparing, handling, packaging, and administering liquid medications. Privately held, Baxa Corporation has subsidiaries and sales offices in Canada, the United Kingdom; Denmark, and Germany; and distribution partners worldwide. Further information is available at http://www.baxa.com.

Contacts:

Marian Robinson, Vice President, Marketing
Baxa Corporation: 800.567.2292 ext. 2157 or 303.617.2157
Email: e-mail protected from spam bots

Maggie Chamberlin Holben, APR
Absolutely Public Relations: 303.984.9801 or 303.669.3558
Email: e-mail protected from spam bots

Source: PR Web


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