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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 launched the BD Surgiphor™ Sterile Wound Irrigation System, marking a significant advancement as the first ready-to-use aqueous povidone-iodine (PVP-I) irrigation solution. This product is designed to mechanically clean surgical wounds while providing a 99.99% reduction in bacteria. The system aims to simplify wound irrigation procedures for hospitals, adhering to safety standards set by U.S. health agencies. Acquired from Orthophor in November 2020, this product enhances BD's surgical portfolio, potentially increasing their market presence in the surgical domain.
BD (Becton, Dickinson and Company) will invest €165 million ($200 million USD) to establish a high-tech manufacturing facility in Zaragoza, Spain, projected to create 600 jobs by 2030. The construction is set to start in late 2021, contributing to BD's 2025 growth strategy of expanding pre-filled syringe manufacturing capacity. The new plant will be fully digital, aligning with sustainability standards, and aims to support COVID-19 vaccination efforts and other biologic drug deliveries in the European market.
BD (Becton, Dickinson and Company) announced a significant milestone with the CE marking of the industry's first self-collection HPV screening assay. This advancement allows laboratories to process samples collected by patients themselves using BD's Onclarity™ HPV Assay, enhancing accessibility for women hesitant to undergo clinical screening. Approximately 61,000 women are diagnosed with cervical cancer in Europe annually, highlighting an urgent need for improved screening strategies, especially post-COVID-19. The assay detects 14 high-risk HPV types, contributing to more effective cervical cancer prevention efforts.
BD (Becton, Dickinson and Company) reported Q2 fiscal 2021 revenues of $4.9 billion, a 15.4% year-over-year increase, driven by $480 million in COVID-19 diagnostic sales. Diluted EPS rose 77.4% to $0.94, with adjusted EPS of $3.19 reflecting a 25.1% increase. The company maintains an outlook for 12%-14% revenue growth and $12.75-$12.85 adjusted EPS for the full year. Key milestones include the 510(k) submission for the BD Alaris™ System and a planned spin-off of its diabetes business.
BD has announced a plan to spin off its Diabetes Care business into an independent company, referred to as NewCo. This strategic move is aimed at enhancing growth and allowing both entities to focus better on their core markets. In fiscal 2020, the Diabetes Care business generated nearly $1.1 billion in revenue. The spinoff is expected to be tax-free for U.S. federal income tax purposes and is anticipated to be completed in the first half of 2022, subject to approvals. This decision reflects BD's commitment to its 2025 strategy aimed at maximizing value for stakeholders.
BD (Becton, Dickinson and Company) has announced its participation in several virtual investor healthcare conferences in May 2021. Key events include the Bank of America Securities 2021 Virtual Healthcare Conference on May 12 at 2:45 PM ET and the UBS Global Healthcare Virtual Conference on May 24 at 2:00 PM ET. Presentations will be available via live webcasts on the BD corporate website, with replays accessible for at least seven days post-event. BD, a global leader in medical technology, focuses on advancing healthcare through innovation.
BD (Becton, Dickinson and Company) has initiated enrollment in the post-market CONNECT-AV study for the WavelinQ™ EndoAVF System, aimed at evaluating its effectiveness in hemodialysis access. This prospective study will track 280 patients over 24 months, measuring primary endpoints such as successful cannulation rates and device safety. The global hemodialysis patient population relies heavily on AV fistulas, making this research critical. BD's innovative approach provides a minimally invasive option compared to traditional surgical methods, enhancing patient care.
BD (Becton, Dickinson and Company) has appointed Elizabeth McCombs as executive vice president and chief technology officer, effective April 26, 2021. McCombs, with over 20 years of experience in medical device innovation, previously led R&D for BD's Medical Segment. Her role will focus on driving the company's innovation strategy and managing R&D efforts. Additionally, BD has established a new Scientific Advisory Board to enhance its innovation pipeline, with John DeFord as co-chair following his retirement on May 28, 2021.
The Board of Directors of BD (Becton, Dickinson and Company) has announced a quarterly dividend of $0.83 per common share, payable on June 30, 2021 to shareholders on record as of June 9, 2021. This indicates an annual dividend rate of $3.32 per share, reflecting the company's commitment to returning value to its investors.
On April 27, 2021, CerTest Biotec and BD (Becton, Dickinson and Company) announced that the VIASURE SARS-CoV-2 (N1 + N2) Real Time PCR Detection Kit can now detect COVID-19 using saliva specimens on the BD MAX™ Molecular Diagnostic System. This addition enhances testing flexibility, allowing for nasopharyngeal, oropharyngeal, and saliva sample collection. The kit is CE marked and capable of detecting all known SARS-CoV-2 variants, essential for managing the ongoing pandemic in Europe.
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