The FDA issued a statement today warning on an increased risk of false positive results with the BD Max System SARS-CoV-2 tests from Becton Dickinson (NYSE:BDX). The agency is alerting clinical laboratory staff and healthcare providers to the risk after a study in which the manufacturer found that approximately 3% of results from the BD SARS-CoV-2 […]
MedTech 100 roundup: Stocks stand pat in June’s first week
While the markets experienced some growth over the past week, stocks in the medtech industry remained practically unchanged over seven days. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 87.15 points at the end of last week (June 5). That total represents just a -0.02-point decrease […]
Canada orders 37 million syringes from BD in anticipation of COVID-19 vaccine
Canada reportedly signed a contract to purchase 37 million syringes from Becton Dickinson (NYSE:BDX) in preparation for a potential COVID-19 vaccine. A report in The Record revealed that Public Services & Procurement Minister Anita Anand said the country made a purchase order from the Canadian branch of BD in an effort to make sure Canada is […]
BD furloughs 160 employees at Nebraska plant
Becton Dickinson (NYSE:BDX) reportedly furloughed 160 employees at its Broken Bow, Neb. plant amid the COVID-19-induced dip in demand for certain healthcare products and procedures. A report in the Sandhills Express said BD’s PR associate director of reputation management Gwen Gordon confirmed that operations will resume as soon as possible in Broken Bow, but the furlough […]
Becton Dickinson prices $1.5b offerings
Becton Dickinson (NYSE:BDX) announced today that it priced offerings of common stock and depositary shares, with both set at $1.5 billion. Franklin Lakes, N.J.-based BD’s $1.5 billion common stock offering has a par value of $1 per share at a public offering price of $2540 per share. With the $1.5 billion depositary share offering, each represents […]
BREAKING: BD stops selling COVID-19 antibody test it touted in March
Becton Dickinson (NYSE:BDX) said today that it has stopped selling a point-of-care test touted as being able to detect antibodies to COVID-19 in as little as 15 minutes. The test, by BioMedomics, was one of about 100 serological tests that the FDA allowed manufacturers to sell beginning March 26, 2020, if the companies self-validated their accuracy. […]
MedTech 100 roundup: Stocks open strong in May
Medtech stocks took a dip as April came to a close, but opened May with a strong week as the COVID-19 pandemic continues to affect the economy. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 83.98 points at the end of last week (May 8). That […]
BD ramping up testing capacity for possible second wave of COVID-19
Becton Dickinson is preparing to scale up its manufacturing operations of COVID-19 testing kits for a second wave of infections in the fall, according to Reuters. Franklin Lakes, N.J.-based BD in April received FDA emergency use authorization (EUA) and CE mark approval for its COVID-19 test that returns results in 2-3 hours. The test is […]
Becton Dickinson beats The Street in Q2
Becton Dickinson (NYSE:BDX) shares were up in pre-market trading on Street-beating second-quarter results. The Franklin Lakes, N.J.-based company posted profits of $183 million, or 53¢ per share, on sales of $4.3 billion for the three months ended March 31, 2020, for a massive bottom-line gain from $20 million in profits this time last year on sales […]
BD’s CME America suspends distribution of recalled infusion pumps
Becton Dickinson (NYSE:BDX) subsidiary CME America notified customers that it is suspending distribution of its recalled BodyGuard infusion pump system. In March, the FDA designated the CME America BodyGuard microset infusion sets recall as Class I — its most serious level — after complaints of under-infusion related to the sets. CME America initiated the U.S. recall […]
Next COVID-19 device shortage? ‘Smart’ infusion pumps
Severely ill COVID-19 patients may need multiple medications delivered by infusion pumps. Manufacturers and hospitals are planning on how to avoid shortages of these pumps and the associated tubing. You’ve likely seen the videos of ICU hallways lined with medical devices that would normally be in patient rooms. Among them are machines that are ubiquitous […]
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