Stryker’s Partnership with GE: Growth in Additive Manufacturing
In June 2017, Stryker (SYK) entered into a partnership with General Electric (GE) to expand its additive manufacturing business.
On July 12, 2017, a US district court judge increased the penalties to be paid by Zimmer Biomet Holdings to Stryker related to its patent infringement case.
In 1Q17, Stryker (SYK) reported YoY growth of ~18.5%. One of the contributing factors its growth is the company’s innovative product portfolio.
On July 11, 2017, Stryker announced that it received the FDA 510(k) clearance for its MultiGen 2 RF (radio frequency) generator.
On June 19, 2017, Stryker (SYK) announced a definitive agreement to acquire Novadaq Technologies (NVDQ) for $701 million.
On June 16, 2017, Amazon, the world’s largest diversified online retailer, announced its intention to acquire Whole Foods Market for $13.7 billion in an all-cash transaction.
The McCormick-RB Foods acquisition will likely enhance McCormick’s competitive positioning in the US (SPY) condiments segment and expand its consumer base.
Church & Dwight Co. (CHD) recently announced that it had entered into an agreement to acquire Waterpik for $1.0 billion in cash.
On July 10, 2017, TMO announced its collaboration with SRI International to enable researchers to carry out more effective and efficient small molecule research and analysis.
On June 27, 2017, Thermo Fisher Scientific announced the launch of its Oncomine Dx Target Test.
On June 29, 2017, Thermo Fisher Scientific (TMO) announced the addition of three new products to its semiconductor failure analysis workflows portfolio.
BD (BDX) closed trading at $195.3 on July 6, 2017, ahead of its 50-day moving average of $191.3 and its 200-day moving average of $181.9.
Becton, Dickinson, and Company (BDX), or BD, paid a quarterly cash dividend of $0.73 per share on June 30, 2017, for 3Q17.
Becton, Dickinson, and Company (BDX), or BD, reported ~$2.97 billion in revenues in 2Q17.
BD is the leader in the flow cytometry devices market, which is a key growth subsegment in BD’s Life Sciences segment.
The US pharmaceutical sector comprises different setups pertaining to the development, manufacturing, production, and marketing of drugs. Let’s look at its performance in 2Q17.
Amazon.com (AMZN) announced the acquisition of Whole Foods Market (WFM) on June 16, 2017, for $13.7 billion.
Campbell Soup (CPB) announced that it plans to acquire Pacific Foods, an organic broth and soup maker, in an all-cash deal worth $700 million.
In February 2017, JNJ completed its acquisition of Abbott Medical Optics, and the parent company’s 1Q17 results included ~$124 million of Abbott Medical Optics’ sales.
JNJ reported ~$17.8 billion in revenues in 1Q17, registering a YoY sales growth of around 1.6%. Its Medical Device segment reported ~3% growth.