Pharmacy Automation
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BD & Henry Ford Health Tie-Up to Enhance Community Pharmacy Experience
ZACKS· 2025-10-01 14:30
Core Insights - Becton, Dickinson and Company (BD) has formed a pharmacy automation partnership with Henry Ford Health to improve medication storage and prescription delivery, focusing on a robotic solution for 24/7 prescription pickup [1][9] Company Developments - The collaboration will utilize the BD Rowa Vmax pharmacy automation robot, initially enhancing prescription retrieval at Henry Ford Health's community pharmacies in Southeast and Central Michigan [2][4] - This partnership is a strategic move for BD to strengthen its Pharmacy Automation business within the Medication Management Solutions (MMS) unit of the BD Medical segment [3][9] - BD's management highlights the Rowa Vmax's reputation for high-speed, modular robotic storage, which is expected to improve patient access to prescriptions [4] Industry Prospects - The global pharmaceutical automation market is projected to grow from $8.38 billion in 2024 to $19.03 billion by 2032, with a compound annual growth rate (CAGR) of 10.8%, driven by increased robot usage and technological advancements [6] - The partnership with Henry Ford Health is anticipated to significantly enhance BD's position in this growing market [6] Performance Comparison - BD's MMS business unit reported solid growth in Pharmacy Automation during its third-quarter fiscal 2025 results, indicating robust performance in the sector [7] - Competitors such as Omnicell, McKesson, and Baxter International have also reported strong financial results and advancements in their pharmacy automation offerings, highlighting a competitive landscape [8][10][11]
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]