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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 announced the global availability of its new molecular PCR assay for monkeypox virus, developed in collaboration with CerTest Biotec. This assay is intended for research use only and is now accessible worldwide, including in the U.S. BD is also preparing to submit a clinical test for emergency use authorization. The BD MAX™ System, which supports this assay, features rapid nucleic acid extraction and PCR capabilities. The new test aims to enhance monkeypox research amidst the ongoing public health emergency.
LivaNova PLC (NASDAQ: LIVN) announced the appointment of Brooke Story to its Board of Directors, effective September 15, 2022. Story brings over 20 years of experience in medical technology, currently serving as Worldwide President, Integrated Diagnostic Solutions at BD (NYSE: BDX). She previously held leadership roles at Medtronic, enhancing her expertise in the industry. The Board's Chair, William Kozy, emphasized Story's capability in fostering talent and delivering economic value, which is expected to support LivaNova's growth and innovation strategies.
BD (Becton, Dickinson and Company) has launched the BD EffivaxTM Glass Prefillable Syringe, designed in collaboration with leading pharmaceutical firms. This next-generation syringe aims to enhance vaccine manufacturing efficiency by addressing critical aspects such as processability, contamination, and integrity. With about 70% of top biopharmaceutical companies relying on BD, this innovation is set to meet increasing global demand for prefillable syringes, particularly due to the growth in vaccine pipelines. Additionally, BD continues to invest $1.2 billion in enhancing its manufacturing capacity for these products.
BD (Becton, Dickinson and Company) has announced the promotion of Mike Garrison to EVP and President of the Medical segment, and Rick Byrd to EVP and President of the Interventional segment, effective Sept. 6. Both leaders bring extensive experience from their previous roles within the company. Garrison will focus on advancing innovation and portfolio strategy, while Byrd will continue to drive growth and operational excellence in his segment. The decision follows the upcoming departure of Simon Campion, who is leaving for another executive role.
BD (Becton, Dickinson and Company) will present at the Wells Fargo 2022 Healthcare Conference on September 7, 2022, at 12:30 PM Eastern Time. Interested parties can access the live webcast via the BD investor relations website, with a replay available afterwards. BD is a leading global medical technology company focused on enhancing healthcare quality through innovation. With a strong commitment to improving medical discovery and diagnostics, BD operates globally, aiming to tackle pressing health challenges.
Becton, Dickinson and Company (NYSE: BDX) announced on August 22, 2022, the pricing for its Tender Offers to purchase up to $500,000,000 in cash of various senior notes and debentures. The offers include securities due between 2027 and 2050, with specified total consideration amounts, including early tender payments. The early tender date was set for August 19, 2022, with an early settlement date on August 23, 2022. The company aims to enhance financial flexibility through these transactions while ensuring specific limits on the amounts purchased for each series.
Becton, Dickinson and Company (NYSE: BDX) reported early tender results for its debt securities tender offers, announcing an increase in the Offer SubCap for the 3.794% Senior Notes due 2050 from $175 million to $190 million. The company is seeking to purchase up to $500 million in various securities, with significant participation noted by the early tender date of August 19, 2022. Notably, all conditions for the tender offers were satisfied, with payment for accepted securities scheduled for August 23, 2022. The offer details are outlined in the Offer to Purchase.
BD (Becton, Dickinson and Company) and Accelerate Diagnostics, Inc. have formed a global commercial collaboration to provide rapid antimicrobial identification and susceptibility diagnostics. This partnership allows BD to market the Accelerate Pheno® system and Arc™ module, which offer quicker results compared to traditional testing methods. The collaboration aims to enhance patient care by optimizing antibiotic use, potentially reducing healthcare costs, and addressing antimicrobial resistance. This initiative is expected to increase market penetration for both companies, improving healthcare outcomes globally.
BD (Becton, Dickinson and Company) has entered into a collaboration with Labcorp to develop flow cytometry-based companion diagnostics (CDx) aimed at improving cancer treatment outcomes. This strategic partnership combines BD's expertise in flow cytometry with Labcorp's strengths in diagnostics and drug development, creating a comprehensive solution for the pharmaceutical industry. The collaboration will facilitate the development and commercialization of CDx, enhancing patient access to personalized therapies.
Becton, Dickinson and Company (NYSE: BDX) has announced tender offers to purchase up to $500 million of its outstanding debt securities. The offers include several series of securities with varying due dates ranging from 2027 to 2050. Holders must tender their securities by 5:00 p.m. on August 19, 2022, to be eligible for early tender payment. The tender offers will expire on September 2, 2022. The total consideration for securities will be determined based on fixed spreads over U.S. Treasury securities. This move aims to manage debt effectively amid changing market conditions.
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