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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) has established the Sustainable Medical Technology Institute to enhance its environmental sustainability efforts. This initiative targets three key areas: sustainable product design, sterilization technologies, and materials of concern. By leveraging interdisciplinary expertise, BD aims to reduce the environmental impact of its products while supporting its 2030+ environmental, social, and governance (ESG) commitments. The institute will collaborate globally and set environmental criteria for new products to better meet sustainability needs.
BD (Becton, Dickinson and Company) will report its financial results for the second quarter of fiscal year 2022 on May 5, 2022, at approximately 6:30 a.m. ET. The announcement will include summary financial information for the quarter ending March 31, 2022. Management will conduct a conference call at 8 a.m. ET on the same day to discuss results and operational strategy.
Investors can access the news release and presentation materials on the company’s investor relations website.
BD (Becton, Dickinson and Company) has successfully completed its spinoff of Embecta Corp, which now operates independently, focusing on diabetes care. Shareholders received one share of Embecta for every five shares of BD held as of March 22, 2022. This strategic move aligns with BD's 2025 plan to enhance long-term shareholder value by allowing both companies to concentrate on their core businesses. Embecta aims to further develop diabetes injection devices, while BD continues to lead in medical and life sciences sectors.
BD (Becton, Dickinson and Company) announced that Alberto Mas will retire as executive vice president and president of the Medical segment, effective September 30, 2022. Mas has served in various leadership roles at BD over nearly 30 years. The company is grateful for his contributions, as stated by CEO Tom Polen, and plans to appoint a successor before Mas's departure. BD continues to focus on advancing healthcare and enhancing the performance of its diverse medical technology solutions.
BD (Becton, Dickinson and Company) announced early results for Morgan Stanley's cash tender offers for specific notes, with a maximum purchase price of $200 million. As of March 29, 2022, holders had validly tendered approximately $1.6 billion in notes, exceeding the maximum limit, which led to a pro-rata acceptance of Floating Rate Notes due June 2022, totaling $199 million. Other notes tendered will not be accepted. The Offers are subject to specific conditions as detailed in the Offer to Purchase.
BD (Becton, Dickinson and Company) has announced key details regarding the spin-off of its diabetes care business, Embecta Corp.. Shareholders of BD as of March 22, 2022 will receive one share of Embecta for every five shares of BD held. 'When issued' trading of Embecta is set to commence on March 21, 2022, under ticker EMBCV, with 'regular way' trading starting on April 1, 2022 under EMBC. The transaction is expected to be tax-free. BD shareholders should consult tax advisers for implications of this spin-off.
BD (Becton, Dickinson and Company) announced that Morgan Stanley has initiated cash tender offers for various notes, totaling a maximum combined purchase price of $200,000,000. The offers include multiple series of notes with varying acceptance priority levels and offer details, including early tender premiums. The offers are scheduled to expire on April 12, 2022, with an early tender date of March 29, 2022. Holders of the notes must tender by these deadlines to receive maximum consideration. The company emphasizes the offers' conditions based on the successful completion of a financing transaction.
BD (Becton, Dickinson and Company) has appointed William "Bill" Brown to its board of directors effective February 28, 2022. Brown, an experienced executive, is currently the executive chair of L3Harris Technologies with $18 billion in annual revenue. He previously served as chair and CEO of L3Harris from July 2019 to June 2021. BD's chairman, Tom Polen, expressed confidence in Brown's leadership skills to support the company's BD2025 strategy aimed at long-term stakeholder value. Having degrees in engineering and an MBA, Brown also holds several board positions.
BD (Becton, Dickinson and Company) will present virtually at the Cowen 42nd Annual Health Care Conference on March 7, 2022, at 9:50 a.m. ET. The event is accessible via a live webcast on the BD investor relations website, and a replay will be available afterward. BD, a leading global medical technology company, focuses on enhancing health care through innovative solutions. With a workforce of approximately 75,000, the company supports health care providers in improving safety and efficiency in patient care.
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