Becton Dickinson and Company Announces the Acquisition of Biometric Imaging.FRANKLIN LAKES, N.J.--(BUSINESS WIRE)--Feb. 9, 1999--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 today the acquisition of Biometric Imaging, Inc. (BMI BMI body mass index. BMI abbr. body mass index Body mass index (BMI) A measurement that has replaced weight as the preferred determinant of obesity. ), a privately-held company serving the transfusion medicine transfusion medicine Blood banking A subspecialty of clinical pathology or internal medicine which is involved in Pt management through administration of blood cells and blood products including fresh-frozen plasma and cryoprecipitate; TM specialists are versant in , infectious diseases infectious diseases: see communicable diseases. , and oncology markets. "The acquisition of BMI is part of our worldwide business strategy to significantly expand our market opportunities in the area of clinical diagnostics," said Deborah Neff, President of 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. Biosciences (BDB BDB Berkeley Database BdB Bundesverband Deutscher Banken (association of German banks) BDB Badly Drawn Boy (musician) BDB Brown-Driver-Briggs (Hebrew lexicon) ) 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. . "Customers within this market segment demand faster, more cost-effective systems for disease diagnosis and quality control. BMI has the instrumentation and technology to better satisfy these customer needs. Acquiring this technology will allow BDB to rapidly enter into new and growing markets for clinical diagnostics." Founded in 1991, BMI is located in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. and has 60 employees. The Company manufactures cellular analysis instruments, based on a proprietary technology called microvolume fluorimetry, most notably the IMAGN(r) 2000, a proprietary clinical diagnostic instrument and reagent system. BMI has also received FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance to market the IMAGN(r) 2000, and four clinical tests, STELLer(r), 4T8(r), and two CEQer(r) Assays. These assays address three clinical areas respectively: cancer patient management for transplantation medicine, AIDS patient management for infectious diseases, and quality control monitoring of blood products for transfusion medicine. BMI has several new products under development and in clinical trials. These future products will expand BDB's current market opportunities in transfusion medicine, transplantation medicine and infectious diseases. "By merging with Becton Dickinson, BMI can capitalize on BDB's existing presence in these clinical areas and utilize their highly regarded worldwide direct sales force to expand our channel of distribution," said Chris English, President of BMI. Bala Manian, founder of BMI, added, "The complementary products offered by both companies will strengthen our customer relationships. The flow cytometry flow cytometry (flōˑ sī·t Becton Dickinson pioneered leading edge cell analysis in 1973 with the introduction of FACS FACS Fellow of the American College of Surgeons. FACS abbr. Fellow of the American College of Surgeons FACS fluorescence-activated cell sorter. , the first commercially available fluorescence-activated cell sorter. Since then, the company has become the worldwide leader in flow cytometry instruments and reagents for both the research and clinical markets. Included in the company's product line are sophisticated flow cytometers and cell sorters, advanced applications and data management software, and a wide range of reagents that allows users to analyze, isolate and characterize immune cells from blood and tissue. Becton Dickinson and Company manufactures and sells a broad range of medical supplies and devices and diagnostic systems for use by health care professionals, medical research institutions, industry and the general public. For the fiscal year ended September 30, 1998, Becton Dickinson had total operating revenues of $3.1 billion and net income of $236 million. Headquartered in San Jose, California, BDB is one of Becton Dickinson's four worldwide businesses with 1998 revenues of approximately $1 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, or events or developments that the company expects to occur or anticipates occurring in the future. As such statements 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 from any forward-looking statement 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 government regulation, as well as other factors discussed herein and in the company's filings with the Securities and Exchange Commission. |
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