Becton Dickinson Creates Single Bioscience/Diagnostic Business.FRANKLIN LAKES, N.J.--(BUSINESS WIRE)--Sept. 3, 1998--Becton Dickinson and Company (NYSE NYSE See: New York Stock Exchange :BDX BDX Bordeaux (France) BDX Becton-Dickinson and Company (stock symbol) BDX Business Document Exchange BDX Burst Detector X BDX Beacon Data Extractor ) announced this week plans to integrate three existing businesses to form a single worldwide bioscience/diagnostic business. The integration will bring together Baltimore-based Becton Dickinson BD (NYSE: BDX), is a medical technology company that manufactures and sells medical devices, instrument systems and reagents. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs 27,000 people in nearly 50 countries. Microbiology Systems, Becton Dickinson Immunocytometry Systems, based in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. and Becton Dickinson Labware, based in Franklin Lakes, New Jersey Franklin Lakes is a borough in Bergen County, New Jersey, United States. The Franklin Lakes zip code is 07417. As of the United States 2000 Census, the borough population was 10,422. . The integration will be effective January 1, 1999. "We believe we can drive our bioscience and diagnostic efforts faster and more successfully as one worldwide business," said Clateo Castellini, chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The in vitro in vitro /in vi·tro/ (in ve´tro) [L.] within a glass; observable in a test tube; in an artificial environment. in vi·tro adj. In an artificial environment outside a living organism. diagnostic industry is rapidly changing, the clinical laboratory market is consolidating, and our customers are creating larger, more automated laboratories. We believe this new structure gives us the scope and reach to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. new opportunities - in particular emerging new technologies - and become more relevant to the needs of our customers." Deborah J. Neff, 45, who is currently president of Becton Dickinson Immunocytometry Systems/Labware, has been named president of the newly formed business (yet to be named), which will be headquartered in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. . Ms. Neff will maintain offices in San Jose and Baltimore. Vincent A. Forlenza, 45, president, Becton Dickinson Microbiology Systems, has been named senior vice president, Becton Dickinson Corporate Strategic Planning and Development, also effective January 1, 1999. He will be replacing Walter M. Miller, who had previously announced his plans to retire. Mr. Forlenza will be relocating to the company's corporate headquarters in Franklin Lakes. "We plan to build a higher growth organization around our core competencies in microbiology, flow cytometry flow cytometry (flōˑ sī·t Becton Dickinson and Company is a global medical technology company that manufacturers and sells a broad range of medical devices and diagnostic systems for use by health care professionals, medical research institutions, industry and the general public. In 1997, the company's revenues and net income were $2.8 billion. This press release may contain certain forward-looking statements (as defined under Federal securities laws) regarding the company's performance, including future revenues, products and income, which are based upon current expectations of the company and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described in any forward- looking statement. Factors that could cause actual results to vary materially include, but are not limited to, competitive factors, changes in regional, national or foreign economic conditions, changes in interest or foreign currency exchange rates, delays in product introductions, year 2000 issues, and changes in health care or other governmental regulation, as well as other factors discussed herein and in the company's filings with the Securities and Exchange Commission. CONTACT: Becton Dickinson Camilla Jenkins, 201/847-5369 or Glass Public Affairs Holly Glass, 703/754-2848 |
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