BD Announces Settlement of Pending Lawsuit
FRANKLIN LAKES, N.J. -- BD (Becton, Dickinson and Company) announced that the company has entered into an agreement July 1, 2004 to settle the lawsuit filed against it by Retractable Technologies, Inc. (RTI) in the United States District Court, Eastern District of Texas in Texarkana, Texas.
"This agreement will enable us to focus all of our energies and resources on our most important task -- meeting significant healthcare needs through the production of safe, effective and competitively-priced products," said Edward J. Ludwig, chairman, president and CEO of BD.
Under the terms of the agreement, the suit against BD will be dismissed with prejudice, and BD will pay $100 million to RTI. In addition, BD and RTI have exchanged releases. BD will record a pretax charge of $100 million ($63 million after taxes and approximately 24 cents per diluted share) in its 2004 fiscal third quarter results.
BD is a medical technology company that serves healthcare institutions, life science researchers, clinical laboratories, industry and the general public. BD manufactures and sells a broad range of medical supplies, devices, laboratory equipment and diagnostic products. For the fiscal year ended Sept. 30, 2003, BD reported total revenues of $4.528 billion.
Source: Becton, Dickinson and Company
From the Derby to the Decontam Room: Leadership Lessons for Sterile Processing
April 27th 2025Elizabeth (Betty) Casey, MSN, RN, CNOR, CRCST, CHL, is the SVP of Operations and Chief Nursing Officer at Surgical Solutions in Overland, Kansas. This SPD leader reframes preparation, unpredictability, and teamwork by comparing surgical services to the Kentucky Derby to reenergize sterile processing professionals and inspire systemic change.
Show, Tell, Teach: Elevating EVS Training Through Cognitive Science and Performance Coaching
April 25th 2025Training EVS workers for hygiene excellence demands more than manuals—it requires active engagement, motor skills coaching, and teach-back techniques to reduce HAIs and improve patient outcomes.
The Rise of Disposable Products in Health Care Cleaning and Linens
April 25th 2025Health care-associated infections are driving a shift toward disposable microfiber cloths, mop pads, and curtains—offering infection prevention, regulatory compliance, and operational efficiency in one-time-use solutions.
Phage Therapy’s Future: Tackling Antimicrobial Resistance With Precision Viruses
April 24th 2025Bacteriophage therapy presents a promising alternative to antibiotics, especially as antimicrobial resistance continues to increase. Dr. Ran Nir-Paz discusses its potential, challenges, and future applications in this technology.
