We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Becton, Dickinson (BDX) Gets USFDA Clearance for BD MAX
Read MoreHide Full Article
Leading global medical technology company, Becton, Dickinson and Company (BDX - Free Report) recently announced that it got the clearance for its proprietary BD MAX CT/GC/TV assay from the U.S. Food and Drug Administration (FDA).
The BD MAX CT/GC/TV assay provides health care providers the ability to detect for Chlamydia trachomatis (CT), Neisseria gonorrhoeae (GC) and Trichomonas Vaginalis (TV) from a single specimen through just one test. Notably, CT, GC and TV are among the most prevalent sexually transmitted infections (STIs). Per the U.S. Centers for Disease Control and Prevention (CDC) estimate, about 2.86 million new chlamydial infections and 820,000 gonorrheal infections occur each year.
BD MAX system is a fully integrated, automated molecular platform, which can run both In Vitro Diagnostics (IVD) and open system assays in a flexible and efficient manner. Specimen collection options are also flexible. It can use urine specimens, self-collected vaginal swabs and clinician-collected endocervical swabs. Once samples are loaded onto the BD MAX System, results will be ready in less than three hours. Lastly, all the reagents are ready-to-use and can be stored at room temperature.
BD’s innovative product pipeline is a key growth driver. A vast array of regulatory approvals both in the U.S. and international markets are helping the company to rapidly expand its product portfolio. Moreover, the collaboration with Check-Points will drive demand for BD MAX assays that detect carbapenem-resistant organisms (CRO) in international markets. Both companies also plan to develop and commercialize a next-generation CRO assay for launch outside the U.S. in 2017 and later in the U.S.
Further, the partnership with Central Admixture Pharmacy Services (“CAPS”) will allow BD Intelliport Medication Management System customers to buy a portfolio of frequently used CAPS' pre-filled anesthesia syringes.
We believe that these partnerships and collaborations will lend BD a competitive edge, which will eventually boost its overall results. Although the Zacks Consensus Estimate for full-year 2016 has remained steady at $8.56 over the last seven days, it reflects year-over-year growth of almost 19.6%.
Zacks Rank & Key Picks
Currently, BD carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader medical sector are Almost Family Inc. , RadNet, Inc. (RDNT - Free Report) and US Physical Therapy Inc. (USPH - Free Report) . Notably, all the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Becton, Dickinson (BDX) Gets USFDA Clearance for BD MAX
Leading global medical technology company, Becton, Dickinson and Company (BDX - Free Report) recently announced that it got the clearance for its proprietary BD MAX CT/GC/TV assay from the U.S. Food and Drug Administration (FDA).
The BD MAX CT/GC/TV assay provides health care providers the ability to detect for Chlamydia trachomatis (CT), Neisseria gonorrhoeae (GC) and Trichomonas Vaginalis (TV) from a single specimen through just one test. Notably, CT, GC and TV are among the most prevalent sexually transmitted infections (STIs). Per the U.S. Centers for Disease Control and Prevention (CDC) estimate, about 2.86 million new chlamydial infections and 820,000 gonorrheal infections occur each year.
BD MAX system is a fully integrated, automated molecular platform, which can run both In Vitro Diagnostics (IVD) and open system assays in a flexible and efficient manner. Specimen collection options are also flexible. It can use urine specimens, self-collected vaginal swabs and clinician-collected endocervical swabs. Once samples are loaded onto the BD MAX System, results will be ready in less than three hours. Lastly, all the reagents are ready-to-use and can be stored at room temperature.
BD’s innovative product pipeline is a key growth driver. A vast array of regulatory approvals both in the U.S. and international markets are helping the company to rapidly expand its product portfolio. Moreover, the collaboration with Check-Points will drive demand for BD MAX assays that detect carbapenem-resistant organisms (CRO) in international markets. Both companies also plan to develop and commercialize a next-generation CRO assay for launch outside the U.S. in 2017 and later in the U.S.
BECTON DICKINSO Price
BECTON DICKINSO Price | BECTON DICKINSO Quote
Further, the partnership with Central Admixture Pharmacy Services (“CAPS”) will allow BD Intelliport Medication Management System customers to buy a portfolio of frequently used CAPS' pre-filled anesthesia syringes.
We believe that these partnerships and collaborations will lend BD a competitive edge, which will eventually boost its overall results. Although the Zacks Consensus Estimate for full-year 2016 has remained steady at $8.56 over the last seven days, it reflects year-over-year growth of almost 19.6%.
Zacks Rank & Key Picks
Currently, BD carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader medical sector are Almost Family Inc. , RadNet, Inc. (RDNT - Free Report) and US Physical Therapy Inc. (USPH - Free Report) . Notably, all the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>