Becton Dickinson & Co Stock Price, News & Analysis

BD (Becton, Dickinson and Company) has appointed Simon Campion as the new executive vice president and president of its Medical segment, effective July 1, 2022. Campion, who has extensive experience with BD and previously led the Interventional segment, succeeds Alberto Mas who is retiring. His role will focus on the operational and commercial performance of the Medical segment, aligned with BD’s 2025 strategy. Campion holds a Ph.D. in Mechanical Engineering and an MBA.

BD (Becton, Dickinson and Company) has announced its acquisition of Parata Systems for $1.525 billion. This move aims to expand BD's pharmacy automation technologies across various healthcare settings, including hospitals and retail pharmacies. The acquisition is projected to enhance BD's revenue growth, adjusted operating margins, and adjusted earnings per share immediately. Parata's market, valued at $600 million and expected to grow by 10% annually, aligns with BD's 2025 strategy for smart, connected care.

BD (Becton, Dickinson and Company) (NYSE: BDX) has launched the BD FACSDiscover™ S8 Cell Sorter featuring revolutionary BD CellView™ Image Technology at the ISAC CYTO 2022 conference. This new technology allows researchers to sort and view cells rapidly and accurately, enhancing research in virology, oncology, and other fields. The sorter combines spectral flow cytometry with detailed image analysis, enabling previously unidentifiable cell sorting. This development aims to redefine standards in cell sorting, potentially accelerating medical discoveries and therapeutic advancements.

BD (Becton, Dickinson and Company) announced its presentation at the Goldman Sachs 43rd Annual Global Healthcare Conference on June 16, 2022, at 11:00 a.m. Eastern Time. The live webcast will be accessible via the BD investor relations website, with a replay available post-event. As a leading global medical technology company, BD focuses on improving medical discovery and care delivery, supported by a dedicated workforce of 75,000 employees worldwide.

BD has received 510(k) clearance from the FDA for its BD COR™ MX instrument, enhancing STI diagnostics capabilities. The first assay available detects Chlamydia trachomatis, Neisseria gonorrhoeae, and Trichomonas vaginalis. This system automates laboratory workflows, enabling the processing of 1,700 specimens and delivering up to 1,000 results in 24 hours. By reducing manual interactions, it aims to alleviate staff workloads, especially critical amidst ongoing healthcare staffing challenges. Future assays for women's health and other indications are in development.

Babson Diagnostics and BD (Becton, Dickinson and Company) have expanded their partnership to enhance blood sample collection, making it more patient-centered and less invasive. Announced on May 11, 2022, the collaboration aims to enable at-home blood sample collection and broaden test capabilities to include pediatric diagnostics. This initiative, developed since 2019, leverages advanced capillary collection technology, requiring only a fraction of the blood volume compared to traditional methods. The companies aim to improve patient compliance by providing a more convenient testing experience.

BD (Becton, Dickinson and Company) reported a revenue increase of 2.1% to $5.0 billion for Q2 FY2022, aided by a base revenue growth of 8.2%. However, COVID-only testing revenues fell to $214 million from $474 million. GAAP diluted EPS rose 59.6% to $1.50, while adjusted EPS was slightly down at $3.18. The company updated its fiscal 2022 guidance, projecting revenues between $19.6 and $19.8 billion, and adjusted EPS between $12.85 and $13.00. This reflects an increase in base business currency-neutral revenue growth estimates to 6.75%-7.75% and an anticipated headwind from foreign exchange.

BD (Becton, Dickinson and Company) has introduced its Scientific Advisory Board (SAB), comprising leading experts in health care, science, and technology. The board will provide insights on BD's innovation pipeline, technology capabilities, and emerging trends in the medical field. CEO Tom Polen stated that the SAB aims to enhance patient outcomes and drive growth through impactful innovations. Notable members include John DeFord from Purdue University and Claire Fraser from the University of Maryland. This strategic move is part of BD's commitment to lead in advancing health care technologies.

BD (Becton, Dickinson and Company) will present at the BofA Securities 2022 Healthcare Conference on May 11, 2022, at 12:00 p.m. Pacific Time. Investors can access the live webcast from BD's investor relations website, with a replay available post-event. BD, a leading global medical technology firm, is dedicated to advancing health through innovative technology and solutions, supporting healthcare providers and improving patient outcomes. BD boasts a workforce of 75,000 and operates globally to address significant health challenges.