Baxalta Incorporated launched Wednesday as a global biopharmaceutical company dedicated to delivering transformative therapies to patients with orphan diseases and underserved conditions. The company officially split off of Baxter International, which announced the plans to become two companies in early 2014.Baxter International is a $9.4 billion medical products company and Baxalta Incorporated is a $5.8 billion BioScience business. Baxalta is in the process of building a 162 acre facility in Stanton Springs Industrial Park off Hwy. 278, which includes 54 acres in Newton County.