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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 published a peer-reviewed study indicating that its antigen test may be more effective than PCR tests in identifying contagious COVID-19 patients. Analyzing 38 PCR-positive specimens, the antigen test showed 27 were indeed contagious, while 10 of the PCR results suggested non-infectious individuals. This suggests the BD Veritor™ Plus System could enhance public health responses during the pandemic. Published in Clinical Infectious Diseases on January 22, 2021, the study emphasizes the potential of antigen testing to contain COVID-19 spread effectively.
BD (Becton, Dickinson and Company) reported preliminary financial results for Q1 fiscal 2021, with revenues expected to be $5.3 billion, a 25.6% increase year-over-year. This growth was driven by strong demand for COVID-19 diagnostics, particularly the BD Veritor™ tests. The BD Life Sciences segment saw a 76.3% revenue increase, attributed to COVID-19 testing. The company expects to finalize its financial results by February 4, 2021, with updates anticipated during the J.P. Morgan Healthcare Conference on January 12, 2021.
BD (Becton, Dickinson and Company) will present at the 39th Annual J.P. Morgan Healthcare Conference via webcast on January 12, 2021, at 7:30 a.m. Eastern Time. Investors can access the live presentation on the company's corporate website, with a replay available until January 19, 2021. BD is a leading global medical technology company dedicated to enhancing health through innovative technologies and solutions. With 65,000 employees worldwide, BD focuses on advancing clinical therapy, improving diagnostic accuracy, and addressing global health challenges.
BD (Becton, Dickinson and Company) has received pandemic orders exceeding 1 billion injection devices, including needles and syringes, to assist with COVID-19 vaccination globally. Shipments of over 300 million devices have already begun, with remaining orders scheduled for delivery through 2021. The company is also investing $1.2 billion over four years to enhance manufacturing capacity for pre-fillable syringes. BD collaborates with various governments to ensure vaccination readiness and has supplied millions of diagnostic products for COVID-19 treatment.
BD (Becton, Dickinson and Company) (NYSE: BDX) announced successful results from a 52-subject clinical trial of the BD Libertas™ Wearable Injector, designed for subcutaneous delivery of biologics. The device effectively administered 5 mL of 8 cP injections with no severe adverse reactions, showcasing high patient acceptance. All participants expressed willingness to use the device if prescribed. This marks a significant advancement in drug delivery technology, especially for larger volume biologics, as BD aims to support pharmaceutical partners in developing innovative therapies.
BD (Becton, Dickinson and Company) plans to invest approximately $1.2 billion over four years to enhance its manufacturing capacity for pre-fillable syringes (PFS) and advanced drug delivery systems (ADDS) across six global locations, including a new facility in Europe expected to be operational by 2023. This investment aims to improve supply continuity and accommodate increased demand from pharmaceutical companies for injectable drugs. BD has already expanded its capacity by 350 million units since 2018, reinforcing its leadership in the market.
The Board of Directors of BD (Becton, Dickinson and Company) has declared a quarterly dividend of $0.83 per common share, reflecting a 5.1% increase from the previous quarter. This dividend will be payable on December 31, 2020 to shareholders recorded by December 10, 2020. The annual dividend rate for fiscal year 2021 is $3.32 per share. This marks the 49th consecutive year of dividend increases, underscoring BD's confidence in its long-term outlook despite challenges posed by COVID-19.
BD (Becton, Dickinson and Company) announced new reporting capabilities for COVID-19 data through the BD Synapsys™ Informatics solution (version 3.84). This enhances reporting for users of the BD Veritor™ Plus and BD MAX™ systems, both FDA authorized for SARS-CoV-2 testing. The system allows users to generate daily reports compliant with the U.S. CARES Act, streamlining mandatory reporting to health authorities. The updated capabilities aim to reduce manual reporting burdens, ultimately facilitating timely public health responses.
BD (Becton, Dickinson and Company) (NYSE: BDX) will present at the Evercore ISI 3rd Annual HealthCONx Virtual Conference on December 2, 2020, at 8:00 a.m. ET. A live webcast will be available on the BD corporate website, with a replay accessible for seven days post-event. BD is a global leader in medical technology, dedicated to advancing health through innovative solutions. With a workforce of 65,000, the company aims to improve clinical therapy, diagnostic accuracy, and healthcare efficiency worldwide. For further details, visit www.bd.com/investors.
BD (Becton, Dickinson and Company) has acquired the Medical Business assets of CUBEX LLC, enhancing its medication management solutions. This acquisition integrates CUBEX's MedBank cloud-based software with BD's Pyxis™ Automated Dispensing Cabinets. The move aims to improve patient care across various healthcare settings, addressing challenges like medication diversion and inventory management. Approximately 40 CUBEX employees will join BD. Terms of the deal were not disclosed, but it will not affect BD's fiscal 2021 guidance.
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