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BDX Stock Up on Robotics Solution Launch to Boost Single-Cell Research
Becton, DickinsonBecton, Dickinson(US:BDX) ZACKSยท2024-10-15 17:26

Core Viewpoint - Becton, Dickinson and Company (BDX) has launched the BD OMICS-One XT Library Preparation Reagent Kits, which are expected to enhance automation and efficiency in single-cell discovery studies, thereby strengthening BD's position in the biosciences market [1][3][6]. Company Developments - The BD OMICS-One XT Library Preparation Reagent Kits are designed to automate the labor-intensive process of constructing DNA libraries, which is crucial for single-cell discovery studies [6][7]. - The collaboration with Hamilton has resulted in the integration of the BD OMICS-One XT WTA Assay with the Hamilton Microlab NGS STAR automated liquid handling platform, facilitating easier adoption in existing laboratory workflows [2][7]. - BD's management anticipates that the new automated solution will lead to more consistent results and reduced variability in research outcomes, particularly in oncology and immunology [7][8]. Market Performance - Following the product launch, BDX shares increased by nearly 1.5%, closing at $240.02, indicating positive market sentiment [4]. - BD currently has a market capitalization of $69.38 billion and an earnings yield of 5.9%, which is higher than the industry average of 5.5% [5]. Industry Prospects - The global single-cell analysis market was valued at $4.34 billion in 2023 and is projected to grow at a CAGR of 18.7% from 2024 to 2030, driven by advancements in disease diagnosis and technological innovations [9]. - The launch of the BD OMICS-One XT Library Preparation Reagent Kits is expected to significantly contribute to BD's growth in this expanding market [9].