3M Corp Stock Price, News & Analysis

3M Health Information Systems and Edifecs have announced a collaboration to enhance the integration of technologies aimed at expediting the adoption of value-based payment models. This partnership combines 3M's healthcare payment methodologies with Edifecs' actuarial-driven templates to create a comprehensive solution for both payers and providers. Together, they aim to increase data transparency and improve patient outcomes by enabling advanced payment and accountability models. With nearly 60 years of combined experience, the solution addresses inefficiencies in the value-based care process.

3M showcased its innovative technologies at CES 2023, the world’s largest tech event. Key highlights include advancements in virtual reality with PICO VR headsets, collaboration on medical wearables such as the Gatorade Gx Sweat Patch with Epicore Biosystems, and contributions to the electric vehicle market with battery performance solutions. Additionally, 3M demonstrated the Post-it® App for Teams to support hybrid work.

Jayshree Seth, 3M's chief science advocate, participated in a panel on sustainability in consumer electronics.

3M is actively participating in a national initiative led by the White House to eliminate systemic barriers in STEMM (science, technology, engineering, mathematics, and medicine). This collaboration involves over 90 organizations and combines more than $1.2 billion in investments. As part of its commitment, 3M aims to provide 5 million STEMM learning experiences for underrepresented individuals by the end of the 2025-26 school year. This effort includes scholarships, fellowships, and initiatives to improve STEMM career awareness.

3M (NYSE: MMM) announced its decision to exit per- and polyfluoroalkyl substance (PFAS) manufacturing by the end of 2025, a move influenced by regulatory trends and stakeholder expectations. The company plans to discontinue the use of PFAS across its product portfolio, which currently generates approximately $1.3 billion in annual net sales. 3M expects to incur pre-tax charges between $1.3 billion and $2.3 billion during this transition, with about 70-80% being non-cash. This strategy aims to position 3M for sustainable growth while addressing environmental concerns.

3M is enhancing safety in 100 school zones across 23 countries by 2024, having completed 32 projects to date. These initiatives aim to protect 10,000 children, addressing the leading global cause of death for children due to road traffic accidents. A notable project in Japan improved visibility for students, prompting safer driver behavior. 3M collaborates with NGOs and local governments to implement high-performance road materials and technologies like Diamond Grade Reflective Sheeting for better visibility. The company emphasizes public-private partnerships to tackle road safety.

3M emphasizes the importance of maintaining clean indoor air, especially during the holiday season when homes are tightly sealed. Acknowledging that Americans spend 90% of their time indoors, the company outlines potential airborne pollutants, including allergens and microbes. It offers practical tips for improving indoor air quality, such as using air purifiers with True HEPA filters and ensuring HVAC systems are well-maintained. The press release highlights the availability of 3M's air quality products designed to enhance home environments.

Kindeva Drug Delivery and Meridian Medical Technologies have successfully merged, forming a leading global contract development and manufacturing organization (CDMO) focused on drug-device combination products. The newly combined entity, Kindeva, will leverage enhanced capabilities across various drug delivery methods, including inhalation and transdermal solutions. Milton Boyer, former CEO of Meridian, now leads Kindeva. This merger consolidates Kindeva's existing strength as a leader in drug-device solutions, having a rich history of innovation since the 1950s.

3M Health Information Systems announced that U.S. News & World Report is evaluating its 3M™ Ambulatory Potentially Preventable Complications (AM-PPC) software for potential inclusion in the 2023-2024 Best Hospitals rankings. This software aims to enhance patient safety in outpatient settings, which account for approximately 70% of surgeries in the U.S. A preliminary analysis indicates that complication rates may reach 10% for some procedures. Effective identification and reduction of complications can improve patient experiences and safety.