Medtech companies face some tough times as the deadly coronavirus pandemic gains steam. But could this be the medical device industry’s Dunkirk, too? Just days ago, MassMEDIC president Brian Johnson made a call-out on LinkedIn for people to send ideas about how Massachusetts medical device companies could help fight COVID-19. He drew an analogy to […]
Medical device company stocks aren’t immune from coronavirus
Major U.S. medical device company stocks have generally performed as poorly as others over the past two weeks as the global coronavirus outbreak drive markets down. Among 20 of the largest U.S. companies on Medical Design & Outsourcing and MassDevice‘s annual Big 100 list, both the average and median decline in price was roughly 17% […]
BD beats The Street on Q4 results
Becton Dickinson (NYSE:BDX) today reported fourth-quarter results that beat Wall Street analysts’ expectations. The Franklin Lakes, N.J.–based medtech company reported profits of $150 million, or $0.41 per share, on sales of $4.58 billion for the three months ended Sept. 20, 2019. BD lost -$135 million off $4.40 billion in revenue during the same quarter a year […]
Georgia seeks temporary halt to BD sterilization operation
The state of Georgia has asked a court to temporarily shutter a Becton Dickinson (NYSE:BDX) medtech sterilization plant until it complies with state environmental regulations. The Georgia Environmental Protection Division (EPD) filed a motion yesterday with Newton County Superior Court for a temporary restraining order to halt operations at BD’s Covington, Ga. plant, which uses ethylene oxide […]
Georgia to investigate BD medtech sterilization plant
The Georgia Environmental Protection Division (EPD) has opened an investigation into Becton Dickinson’s (NYSE:BDX) medical device sterilization plant in Covington, Ga. following an eight-day leak of the sterilant gas ethylene oxide (EO). The EPD notified BD this week that it was dissatisfied with the company’s reporting of the valve leak that released 54 lbs. of ethylene oxide […]
Georgia mayor wants BD sterilization plant shuttered for now
The mayor of Covington, Ga. has asked Becton Dickinson (NYSE:BDX) to temporarily shut down a plant there following a weeklong leak of the gas it uses to sterilize medical devices. A letter from Mayor Ronnie Johnston says that independent air quality tests performed for the city from Sept. 17 to Sept. 24 revealed “particularly high levels of […]
Ga. wants more emissions testing at Sterigenics’ Atlanta sterilization plant
Georgia state officials want more test results from Sterigenics before they will allow the company to reopen its medtech sterilization plant in Atlanta. In a letter dated Wednesday, the state Environmental Protection Division (EPD) told Sterigenics to test new emissions-control equipment that the company installed after voluntarily closing the plant Aug. 26, and to report […]
