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BD & Henry Ford Health Tie-Up to Enhance Community Pharmacy Experience
ZACKS· 2025-10-01 14:30
Key Takeaways BD teams up with Henry Ford Health to automate medication storage and prescription pickup access.Collaboration centers on deploying BD Rowa Vmax robots at community pharmacies in Michigan.BD sees this as a boost for its Pharmacy Automation business under the MMS unit of BD Medical.Last week, Becton, Dickinson and Company (BDX) , popularly known as BD, announced a pharmacy automation partnership with Henry Ford Health. The tie-up aims to enhance medication storage and prescription delivery, wit ...
BD and Henry Ford Health Sign Pharmacy Automation Partnership to Revolutionize Medication Storage and Prescription Delivery
Prnewswire· 2025-09-22 10:50
Core Insights - BD (Becton, Dickinson and Company) has announced a pharmacy automation partnership with Henry Ford Health to create a future-oriented pharmacy system, focusing on a robotic solution for 24/7 prescription pickup [1][2]. Group 1: Partnership Details - The collaboration will utilize the BD Rowa™ Vmax, a high-capacity pharmacy automation robot, to improve prescription retrieval processes at Henry Ford Health's community pharmacies in Southeast and Central Michigan [2][3]. - This partnership aims to enhance patient-centered care and innovation within the health system pharmacy [3][4]. Group 2: Benefits of Automation - The BD Rowa™ Vmax is designed for high-speed, modular storage and dispensing of medications, which will improve patient access to prescriptions and streamline pharmacy operations [3][6]. - Key benefits include 24/7 prescription access, real-time tracking, and improved efficiency for pharmacy staff, allowing them to focus on higher-value patient care tasks [6][4]. Group 3: Company Overview - BD is one of the largest global medical technology companies, dedicated to advancing health through innovative technologies and solutions that enhance clinical therapy and care delivery [5][7]. - The company employs over 70,000 individuals and collaborates globally to address significant health challenges, aiming to improve outcomes and lower costs in healthcare [5][7].
Scientific Industries Reports Financial Results for Second Quarter of Fiscal Year 2025
Globenewswire· 2025-08-19 20:35
Core Insights - Scientific Industries, Inc. reported an 11% year-over-year increase in sales for its Torbal Division, driven by the growing demand for its VIVID line of automated pill counters [4][2] - The company successfully divested its Genie product line for approximately $10 million, a strategic move aimed at positioning for sustainable growth in the pharmacy and pharmaceutical sectors [2][4] - The VIVID product line, which utilizes machine learning for pill counting, is on track for commercial launch in Q1 2026 after being trained on over 7,700 pill images [2][4] Financial Performance - For the second quarter of 2025, net revenues decreased by 12% to $2.3 million compared to $2.6 million in the same period last year, primarily due to reduced sales from the Genie product line [6][4] - Gross profit for the second quarter was $1.0 million, resulting in a gross margin of 43.8%, down from 48.8% in the prior year [4][8] - The company reported a net loss of $1.5 million for the second quarter, compared to a net loss of $1.3 million in the same period last year, translating to a diluted loss per share of $(0.13) [10][19] Strategic Initiatives - The company is focusing on enhancing its VIVID product line by investing in hardware, firmware, and software upgrades, as well as integration with leading pharmacy management systems [2][4] - Scientific Industries is preparing its MPS DOTS system to become a standard in AI and digital biology, with ongoing pilot tests and collaborations with major biotech firms [3][4] - The DOTS platform has shown significant productivity improvements in customer studies, reducing optimization runs from 215 to just 10 while maintaining high yields [3][5] Market Position and Future Outlook - The company has gained access to sixteen new customer accounts in the second quarter, indicating a growing interest in its products among biotech customers [5][4] - The anticipated launch of new sensors and innovations in 2026 is expected to further enhance the company's market position and revenue potential [6][7]