Becton Dickinson & Co Stock Price, News & Analysis

BD (Becton, Dickinson and Company) has acquired Venclose, Inc., a leader in treatments for chronic venous insufficiency (CVI). This acquisition enhances BD's portfolio of venous disease technologies, leveraging Venclose's innovative Radio Frequency (RF) ablation system that is designed for efficiency and versatility. CVI affects up to 40% of women and 17% of men in the U.S. The dual heating length of the Venclose System allows multiple vein segments to be ablated with one catheter, potentially reducing post-operative pain for patients. The financial impact of the deal is expected to be immaterial for BD's fiscal 2022.

BD (Becton, Dickinson and Company) (NYSE: BDX) issued a statement confirming the effectiveness of its rapid antigen and PCR tests for detecting the COVID-19 Omicron variant. Conducting an analysis based on genome sequences up to Nov. 29, 2021, BD remains confident that its testing methods will identify this new variant. To date, the company has evaluated over 3.5 million SARS-CoV-2 genomes and reported no undetectable variants. BD emphasizes the importance of reliable testing in combating COVID-19's spread and will continue rigorous performance monitoring.

BD (Becton, Dickinson and Company) has appointed Dr. Joseph M. Smith as the new senior vice president and chief scientific officer, effective November 29, 2021. In this role, Smith will oversee external innovation and the technology roadmap for BD, focusing on the future of healthcare, including smart connected care and chronic disease management. He has over 30 years of experience in digital health, previously serving as CEO of Digital Health Corp. Smith holds multiple advanced degrees and has authored numerous publications while holding several patents.

BD (Becton, Dickinson and Company) has appointed Francesca DeMartino as senior vice president of investor relations, effective Nov. 29. DeMartino will oversee the communication of the BD2025 strategy to investors, focusing on shareholder value. She brings over 20 years of experience in investor relations from notable companies, including Medtronic, where her team won awards for investor relations. DeMartino succeeds Kristen Stewart, who moves to a new role within the company.

BD (Becton, Dickinson and Company) hosted its Investor Day on Nov. 12, 2021, focusing on its BD 2025 strategy to drive growth through innovation and operational simplification. The company aims for a long-term compound annual revenue growth of 5.5% or more, with double-digit EPS growth and increasing dividends. Key initiatives include organic and inorganic investments, reshaping the innovation pipeline with higher-margin products, and enhancing margins through simplification programs. BD emphasizes disciplined capital deployment to balance growth investments and shareholder returns.

QIAGEN N.V. (NYSE: QGEN) and Becton, Dickinson and Company (NYSE: BDX) have settled a patent infringement lawsuit concerning QIAGEN’s NeuMoDx™ PCR systems. The settlement, resolving all claims, mandates a one-time payment of $53 million to BD. Notably, this agreement does not alter QIAGEN's expected net sales or adjusted earnings outlook for Q4 and full-year 2021. QIAGEN continues to offer innovative solutions for molecular diagnostics.

BD (Becton, Dickinson and Company) reported strong fiscal 2021 results, with Q4 revenues reaching $5.135 billion, a 7.3% increase year-over-year. Diluted EPS was $0.84, up 133.3%. The company achieved revenue growth across segments, led by BD Medical's 9.2% rise. Despite a decline in COVID-19 diagnostic revenue, BD's outlook for fiscal 2022 anticipates revenue between $19.3 billion and $19.5 billion and adjusted EPS of $12.30 to $12.50, reflecting 5-6% growth. BD also increased its dividend by 4.8% and repurchased 3 million shares for $750 million.

The Board of Directors of BD (Becton, Dickinson and Company) declared a quarterly dividend of $0.87 per share, up 4.8% from the previous quarter, payable on December 31, 2021. This marks the 50th consecutive year of dividend increases, reinforcing BD's status in the S&P 500 Dividend Aristocrats Index. Additionally, the board authorized a share repurchase of up to 10 million shares, adding to the remaining 750,000 shares from a previous program. This strategic move is aimed at enhancing shareholder value, aligned with the company's 2025 strategy.

BD (Becton, Dickinson and Company) has announced a strategic partnership with the Biomedical Advanced Research and Development Authority (BARDA) to develop a suite of COVID-19 combination diagnostic tests. This collaboration will receive initial funding of $24.7 million, potentially extending to $40.3 million. The new tests aim to simultaneously detect multiple respiratory pathogens, enhancing patient management and healthcare resource allocation. BD plans to achieve full FDA clearance for these tests, ensuring their availability even post-COVID-19 emergency.