Becton Dickinson & Co

BDX: XNYS (USA)

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BD Reshapes Portfolio With Life Sciences Spinoff; Trimming Our Fair Value Estimate Accordingly

Alex Morozov

Feb 10, 2026

Business Strategy and Outlook

After a tumultuous few years, Becton Dickinson is in the midst of a course correction. Alaris has returned to the market and recaptured most of its lost share, the pipeline has produced a number of successful products, the pharmaceutical business is capitalizing on attractive industry tailwinds, and the recently acquired Edwards patient monitoring business fits well with the core offering. The life sciences spinoff represents BD’s continued pursuit of portfolio optimization.

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Becton Dickinson & Co

BD Reshapes Portfolio With Life Sciences Spinoff; Trimming Our Fair Value Estimate Accordingly

Business Strategy and Outlook

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