Franklin
Lakes, NJ -- Tuesday, August 31, 1999 -- Becton,
Dickinson and Company,(NYSE: BDX) announced today that it has
acquired Saf-T-Med, Inc. (STM), a Chicago-based developer of
patented needle technology designed to protect health care workers
against accidental needlestick injuries.
Under the terms of the agreement, BD will acquire the rights to a
FDA-approved safety-engineered syringe, as well as all patents held
by STM for a variety of other needle-based medical devices. The STM
design employs a unique spring-based mechanism that offers
significant advantages over other spring-based devices (often
referred to as retractable) currently on the market.
We believe that the STM design, when coupled with the work BD
has done internally, meets every criteria for a spring-based syringe
that enhances safety without compromising patient care or quality,
said Kevin Seifert, director, Policy and Business Development, BD
Advanced Protection Technologies. It is superior to any
spring-based syringe presently on the market and we are working
rapidly to finalize the commercial product and to build production.
Seifert explained that while BD is the supplier of the leading
spring-based safety device, (the BD Insyte Autoguard shielded
catheter), until now the company had not identified a design for a
spring-based syringe that could meet the unique performance
requirements for syringe use. Customers tell us there are concerns
with first-generation spring-based syringes, particularly related to
proper medication dosage and ease-of-use for multiple procedures. In
response, BD launched an extensive review of all available products
and their limitations. We looked at everything, and there is no
question, STM has the functional solution the spring-based syringe
market needs.
James E. Erbs, president of SAF-T-Med, said, We are pleased to
partner with BD, the industry leader in sharps safety, to bring our
technology to fruition. This design represents a significant advance
in health care and safety, and BD is the ideal company to develop,
manufacture and bring the final product to market.
BD manufactures and sells a broad range of medical supplies,
devices, and diagnostic systems for use by health care
professionals, medical research institutes, industry and the general
public. The company pioneered the development of advanced protection
sharps devices over ten years ago and today provides over 200
products for injection, blood collection, infusion therapy and
disposal, as well as extensive clinical training and education
programs.