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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) 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.
BD (Becton, Dickinson and Company) has received authorization from Health Canada for its rapid SARS-CoV-2 antigen test, part of a government order for 7.6 million tests to enhance COVID-19 testing capabilities. The test provides results in about 15 minutes, enabling quicker decision-making at the point-of-care. Designed to ease the load on labs, this mid-nasal swab test is less invasive than traditional methods. The BD Veritor™ Plus System, already in use for other diagnostics, will support public health efforts across Canada.
BD (Becton, Dickinson and Company) (NYSE: BDX), a key player in global medical technology, announced its participation in two upcoming virtual healthcare conferences. The Stifel 2020 Virtual Healthcare Conference is scheduled for November 16, 2020, at 9:20 a.m. EDT, followed by the Jefferies Virtual London Healthcare Conference on November 18, 2020, at 7:55 a.m. EDT. Investors can access live webcasts on the corporate website, with recordings available for at least seven days post-conference.
BD (Becton, Dickinson and Company) reported Q4 2020 revenues of $4.784 billion, a 4.4% increase year-over-year. Despite strong contributions from COVID-19 diagnostics, diluted EPS fell to $0.36, down 20%. The BD Medical segment saw a 4.9% revenue decline, while the Life Sciences segment grew 31.2% due to strong diagnostic sales. The company expects fiscal 2021 revenue growth of high single to low double-digits and adjusted EPS between $12.40 and $12.60, reflecting growth over fiscal 2020.
BD (NYSE: BDX) announced key executive appointments effective January 1, 2021. Patrick Kaltenbach is named executive vice president and chief technology officer, succeeding John DeFord, who will retire. Kaltenbach, with nearly 30 years of R&D management experience, will drive BD's innovation strategy and oversee the 'Innovation and Growth Fund.' Additionally, Dave Hickey is promoted to executive vice president and president of the Life Sciences segment, succeeding Kaltenbach. Both leaders will report to CEO Tom Polen, focusing on enhancing BD's impact in medical technology.
CerTest Biotec and BD (Becton, Dickinson and Company) announced that their VIASURE SARS-CoV-2 (N1 + N2) Real Time PCR Detection Kit for the BD MAX™ System has received CE marking under the IVD Directive (98/79/EC). This kit enables simultaneous testing for COVID-19, Influenza, and RSV, enhancing diagnostic capabilities during flu season. The BD MAX™ System is already used in numerous European laboratories, providing rapid results within two to three hours. BD's collaboration with CerTest aims to improve diagnostic efficiency and patient care during the winter season.
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