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 Ties Up With Helmer Scientific to Boost MMS
Read MoreHide Full Article
In a bid to strengthen its Medical Management Solutions (MMS) segment, Becton, Dickinson and Company (BDX - Free Report) , popularly known as BD, recently collaborated with Indiana-based Helmer Scientific to introduce a refrigerated solution using BD’s new Pyxis ES refrigerator. Notably, the solution is the first of its kind that has been integrated into an automated dispensing system.
Post the announcement, the New Jersey-based medical technology company’s share price dropped a marginal 0.3% to $227.72. However, in the past three months, BD rallied an impressive 3.9%, significantly outperforming the industry’s decline of 0.6%. We believe such favorable developments will provide cushion to the stock.
Notably, Helmer Scientific offers secure medical grade refrigerator, freezer and blood bank storage for clinics, labs, pharmacies, hospitals, research centers and universities.
The stock currently carries a Zacks Rank #3 (Hold).
MMS in Focus
The Pyxis ES system is a significant contributor to MMS. The platform provides automated medication dispensing systems supporting decentralized medication management.
Revenues in the last reported quarter grew 0.5% at the MMS unit. Per management, the upside was driven by strong Pyxis ES adoption in the United States as well as international growth.
Coming back to the news, notifications from the BD Pyxis ES can be seen on the BD HealthSight viewer platform, a unique combination of connective technologies, analytics and expert services.
The Helmer Access Technology along with the new BD Pyxis ES refrigerator provides storage for refrigerated medications that require temperature monitoring.
MMS Prospects
Per research by MarketsandMarkets, the global medication management systems market, which was expected to reach a value of $845.1 million by 2014, is poised see a CAGR of 13% to 15% in the 2014 to 2019 period.
Hence it can be concluded that BD’s move has been a timely and strategic one.
Key Picks
A few better-ranked stocks in the broader medical space are Abiomed, Inc. , Varian Medical and Intuitive Surgical Inc. (ISRG - Free Report) .
Intuitive Surgical has an expected long-term earnings growth rate of 12.1%. The stock sports a Zacks Rank #1.
Varian Medical has a projected long-term earnings growth rate of 8%. The stock carries a Zacks Rank #1.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Becton, Dickinson Ties Up With Helmer Scientific to Boost MMS
In a bid to strengthen its Medical Management Solutions (MMS) segment, Becton, Dickinson and Company (BDX - Free Report) , popularly known as BD, recently collaborated with Indiana-based Helmer Scientific to introduce a refrigerated solution using BD’s new Pyxis ES refrigerator. Notably, the solution is the first of its kind that has been integrated into an automated dispensing system.
Post the announcement, the New Jersey-based medical technology company’s share price dropped a marginal 0.3% to $227.72. However, in the past three months, BD rallied an impressive 3.9%, significantly outperforming the industry’s decline of 0.6%. We believe such favorable developments will provide cushion to the stock.
Notably, Helmer Scientific offers secure medical grade refrigerator, freezer and blood bank storage for clinics, labs, pharmacies, hospitals, research centers and universities.
The stock currently carries a Zacks Rank #3 (Hold).
MMS in Focus
The Pyxis ES system is a significant contributor to MMS. The platform provides automated medication dispensing systems supporting decentralized medication management.
Revenues in the last reported quarter grew 0.5% at the MMS unit. Per management, the upside was driven by strong Pyxis ES adoption in the United States as well as international growth.
Coming back to the news, notifications from the BD Pyxis ES can be seen on the BD HealthSight viewer platform, a unique combination of connective technologies, analytics and expert services.
The Helmer Access Technology along with the new BD Pyxis ES refrigerator provides storage for refrigerated medications that require temperature monitoring.
MMS Prospects
Per research by MarketsandMarkets, the global medication management systems market, which was expected to reach a value of $845.1 million by 2014, is poised see a CAGR of 13% to 15% in the 2014 to 2019 period.
Hence it can be concluded that BD’s move has been a timely and strategic one.
Key Picks
A few better-ranked stocks in the broader medical space are Abiomed, Inc. , Varian Medical and Intuitive Surgical Inc. (ISRG - Free Report) .
Abiomed has an expected long-term earnings growth rate of 27%. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Intuitive Surgical has an expected long-term earnings growth rate of 12.1%. The stock sports a Zacks Rank #1.
Varian Medical has a projected long-term earnings growth rate of 8%. The stock carries a Zacks Rank #1.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>