BD (BDX) Inks New Deal To Strengthen Foothold In STI Space
Zacks Investment Research | Sep 21, 2017 08:42AM ET
Becton, Dickinson and Company (NYSE:BDX) , commonly known as BD, recently announced an agreement with Italy-based Euroclone for the development and global distribution of molecular assays. The molecular assays are exclusively formulated to detect sexually-transmitted pathogens.
In fact, BD has been a leading player in providing solutions for women's health and sexually transmitted infections (STI).
Notably, the company’s latest development closely follows its recent launch of BD Ultra-Fine micro pen needle 6mm x 32G for use with pen injection devices. The needles offer comfortable injection experience, enhancing customer satisfaction. The device is slated for distribution this month.
Coming back to the news, BD and Euroclone plan to launch these molecular assays outside of the United States from 2018.
The molecular assays leverage on the company’s flagship platform BD MAX System to detect infectious genital mycoplasmas, including Mycoplasma and Ureaplasma species, which are generally unidentifiable by the conventional methods. However, the assays are currently not available for sale in the United States.
Per management, the addition of these assays to the existing BD MAX portfolio along with the company’s other assays like BD SurePath and the BD Onclarity HPV assay is likely fortify the company’s foothold in clinical laboratories for testing STI.
Impressive Stock Performance
Share prices of BD inched up 0.5% to close at $194 following the news release. Over the last year, the company has outperformed the broader industry. While the stock was up 6.9%, the broader Zacks Investment Research
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