diabetes news, diabetes research news, diabetes information, diabetes news

6

NEWS

Join JDRF in lab or on zoom!

BD spins off Diabetes Care IN THE LAB with Dr Paul Weightman-Potter talks

about his JDRF-funded research, growing brain cells in

a dish and his personal reasons for working in Type 1

diabetes research.

Chris Maguire.

BD (Becton, Dickinson and Company)

has announced plans to spin off

its Diabetes Care business as

an independent, publicly traded

company - NewCo as part of the

company's 2025 strategy.

"The spinoff will allow BD to

strengthen its growth profile, enables

a greater investment focus on our

other core businesses and highgrowth

opportunities, and makes a

greater impact for our customers and

patients," says Tom Polen, chairman,

CEO and president of BD. "We are

proud of BD's leadership in driving

innovation to support people with

diabetes and believe this transaction

will empower NewCo to advance a

more focused strategy and capital

allocation policy to further advance

innovation and growth specific to

its unique market. As a standalone

public company, we believe NewCo

will be better positioned to leverage

its leadership position in insulin

delivery to advance vital, innovative

solutions to the large and growing

number of people living with diabetes

worldwide. We believe today's

announcement demonstrates our

commitment to maximize long-term

value for all stakeholders - including

our patients, customers, employees

and shareholders."

Speaking for BD UK and Ireland,

Chris Maguire added, "Today's

announcement is just the first step

in this process. In the meantime, it is

business as usual. Our relationships

will not change as we pursue this

separation, and we do not expect

there to be any disruption to BD or

any of our diabetes care customers.

We will keep you informed of

relevant updates as we work through

the transition process. We remain

focused on continuing to deliver the

highest level of customer service that

you have come to expect."

To read more, CLICK HERE.

Dedicated NHS Diabetes Advice helpline 0345 123 2399

JDRF free virtual event, Fusion: Type 1

diabetes technology and devices for adults

takes place on 26 June, 10am - 1.30pm.

This event is open to any adults who are

interested in how technology can help them

to manage their Type 1. Brought to you by

JDRF, Fusion was previously run by INPUT.

You will hear about the latest technology and

devices from diabetes professionals and the

technology companies themselves. By the

end of the event you will:

understand what devices and technology

are available to help manage your condition

find out how to access diabetes technology

through the NHS

meet like minded individuals and hear how

they manage their type 1

meet the medical technology companies

themselves and have an opportunity to ask

questions

know what new tech is on the horizon.

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