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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:02 EDTBDXBecton Dickinson acquires Alverix for $40M
BD announced that it has acquired Alverix, a privately-held diagnostic instrument company known for its optoelectronics expertise. Since 2008, BD and Alverix have collaborated in the point-of-care diagnostic market with the design and development of the BD Veritor System, which has been very well received in hospitals, laboratories, physician offices and clinics. Alverix, headquartered in San Jose, California, is a key supplier to BD Diagnostics' point-of-care instrument platform. BD acquired Alverix for $40M. The transaction is expected to be minimally dilutive for FY14 and will not impact BD's previously communicated 2014 earnings guidance.
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