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Becton, Dickinson and Company (BD) (NYSE: BDX) is a global medical technology firm committed to advancing healthcare through the development, manufacture, and sale of a broad range of medical supplies, devices, laboratory equipment, and diagnostic products. Established in 1897, BD's mission is to enhance medical discovery, diagnostics, and care delivery. The company's extensive product portfolio serves healthcare institutions, physicians, life science researchers, and others across the globe.
BD is noted for being the world’s largest manufacturer and distributor of medical surgical products such as needles, syringes, and sharps-disposal units. The company also excels in producing pre-filled devices, diagnostic instruments, and reagents. Furthermore, BD offers sophisticated flow cytometry and cell-imaging systems. BD Medical represents nearly half of the company's total business, while BD Life Sciences and BD Interventional contribute 27% and 24% of the 2023 revenue, respectively. Impressively, international revenue accounts for 43% of the company's business.
Recent achievements and projects underscore BD's commitment to innovation and sustainability. The company recently collaborated with health care institutions in Denmark to explore recycling used blood collection tubes, achieving significant environmental advancements without compromising safety or quality.
In a pivotal development, BD announced the global commercial release of new cell sorters, enabling researchers in fields such as cell biology, cancer research, and immunology to gain new insights. The BD FACSDiscover™ S8 Cell Sorters incorporate groundbreaking technologies like BD CellView™ Image Technology and BD SpectralFX™ Technology, significantly enhancing real-time imaging and spectral flow cytometry.
BD also reported robust financial performance for the second quarter of fiscal 2024, highlighting strong operating margins and cash flow. This success led to an optimistic outlook and an increased earnings guidance, demonstrating the company’s resilience and strategic execution.
Further solidifying its market position, BD is set to acquire Edwards Lifesciences' Critical Care product group for $4.2 billion. This acquisition expands BD’s portfolio in smart connected care solutions, leveraging advanced AI algorithms for better patient outcomes and adding significant value to its operations.
With a presence in almost every country and a workforce of over 70,000 employees, BD remains dedicated to advancing the world of health. The company works closely with customers and partners globally to address complex health challenges, enhance clinical outcomes, and expand access to healthcare.
BD (Becton, Dickinson and Company) announces its participation at the Bank of America Securities 2023 Health Care Conference on May 9, 2023, at 11:00 am Eastern Time. The live webcast of the presentation will be available on BD's investor relations website, and a replay will follow the event. BD, a leading global medical technology company, focuses on advancing health care through innovative solutions aimed at enhancing patient care and operational efficiency for health providers. With a workforce of approximately 77,000 employees, BD is committed to addressing critical global health challenges and improving outcomes. For more details, visit bd.com.
The Board of Directors of Becton, Dickinson and Company (BD) has declared a quarterly dividend of $0.91 per common share. This dividend will be payable on June 30, 2023, to shareholders on record as of June 9, 2023. The indicated annual dividend rate stands at $3.64 per share. BD remains a significant player in the global medical technology sector, focusing on enhancing health care delivery, diagnostics, and clinical process efficiency. With a workforce of 77,000, BD is committed to addressing global health challenges through innovation and collaboration, ensuring improved outcomes and access to health care.
BD (NYSE: BDX) has released a survey by The Harris Poll, revealing significant gaps in women's knowledge about testing and treatment options for sexually transmitted infections (STIs) compared to other vaginal infections. Conducted with over 1,000 U.S. women over 18, the survey found that while 77% feel knowledgeable about vaginal infections, only 60% understand STI treatment options. A notable 82% of women who have seen a healthcare provider wish for more education on STIs. The study highlights disparities in healthcare access and diagnosis, especially among women of color, with only 29% of Black women feeling adequately diagnosed after one visit. The survey emphasizes the urgent need for improved education and access to testing technologies, particularly as STIs represent a considerable public health challenge in the U.S.
LivaNova PLC (Nasdaq: LIVN) announced the resignation of CEO Damien McDonald, effective immediately. William A. Kozy, Chair of the Board, will serve as interim CEO while the company searches for a permanent replacement. Kozy brings significant experience from his career at Becton Dickinson and as Vice Chair at The Cooper Companies. The company also reported preliminary Q1 2023 revenue of $263 million, marking a 9% increase compared to $240 million in Q1 2022. LivaNova is committed to maintaining its focus on growth and innovation during this transition, with full results set to be released on May 3, 2023.
BD (NYSE: BDX) has launched the BD Prevue™ II System, an advanced ultrasound device aimed at improving peripheral IV placement. This technology addresses challenges in IV access by offering real-time needle depth indicators and compatibility with BD Cue™ Needle Tracking-enabled catheters. Studies suggest that leveraging ultrasound and needle tracking can enhance the safety and efficiency of vascular access procedures, which affect over 90% of hospitalized patients. The system is designed with user-friendly features to facilitate quick adoption by clinicians. BD continues to pursue its vision of a 'One-Stick Hospital Stay' to minimize patient discomfort and enhance IV therapy effectiveness.
BD (NYSE: BDX) announced that it will report its financial results for the second quarter of fiscal year 2023 on May 4, 2023. The results will be available at approximately 6:30 a.m. ET and will include summary financial information for the quarter ending March 31, 2023. An audio webcast hosted by management will follow at 8 a.m. ET on the same day, discussing financial results, operations, and strategic updates. For access, visit BD's investor relations website. BD is recognized as a global leader in medical technology, committed to enhancing healthcare delivery.
On April 3, 2023, Becton, Dickinson and Company (NYSE: BDX) announced the appointment of Michelle Quinn as Executive Vice President and General Counsel, effective April 1. Quinn, who joined BD in 2019, previously served as Acting General Counsel and Senior Vice President. She will lead the Law Group and report to Tom Polen, CEO. Quinn's extensive experience in healthcare legal functions is expected to support BD's business strategies and governance initiatives. She holds a Juris Doctor from Villanova University and a Bachelor of Arts from Colgate University.
BD (NYSE: BDX) has received 510(k) clearance from the FDA for its BD Vaginal Panel on the BD COR™ System, a diagnostic test that detects the three most common causes of vaginitis using a single swab. This test improves detection accuracy for conditions like bacterial vaginosis and vulvovaginal candidiasis, ensuring proper treatment and helping reduce misdiagnoses. The BD Vaginal Panel is the first high-throughput version of its kind, further enhancing BD's commitment to women's health diagnostics. The BD COR™ System allows high-volume testing, significantly improving laboratory efficiency and patient management.
BD (Becton, Dickinson and Company) (NYSE: BDX) will present at the Barclays Global Healthcare Conference on March 15, 2023, at 9:00 am Eastern Time. The live webcast can be accessed via the BD investor relations website, with a replay available afterward. BD is a leading global medical technology company focused on improving health through innovative technologies and services. With a workforce of 77,000, BD collaborates globally to tackle critical health issues, enhance clinical processes, and foster efficient care delivery. For more information about BD, visit bd.com.
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