After Mike *Wallace* pounds 800 lb gorilla on SUN, who/what will follow investigation of deals between GPO's and BD, HCW injuries with both standard and "safety" based med sharp devices(yes, injuries with "safety" devices). Why did BD *not* enjoin/support recent petition to "ban" NON-safety where safety devices exist and are in the supply channels. Why wouldn't BD respond on camera to 60 Minutes allegations?
How does BD respond? Fire/sacrifice some mid-level exec and put all the blame on him/her? This will be interesting to say the least, so will MON price action of BDX and its partners along with competitors who are traded publically.
Lawsuits over health and safety don't have to have merit to destroy a company, they only need a good story. This story has all the elements of a disaster for BD. Just ask Dow Corning how much more important the story is than the facts. Oh, thats right, they don't exist anymore even though none of the facts were against them and they had a diversified product line. We don't know if BD has facts on its side but it may not matter in any case.
This weekend, on Sunday evening, the CBS show 60 Minutes will broadcast a segment on accidental needlesticks and safety-engineered devices. Based on information placed on CBS� web site, we now know that this story will unfairly and outrageously attack the integrity and business practices of our company and the effectiveness of our products. I want to tell you clearly that there is no basis whatsoever for this attack.
Over the 103 year history of our company, BD has always prided itself on "doing what is right" regardless of business expediency. This situation is no different. Let me set the record straight on the accusations being made by 60 Minutes:
1. For over a decade, BD has done far more than any other company in the world to protect healthcare workers from needlestick injuries. This included inventing and developing the largest array of safety-engineered needle devices, over 200 catalog items in total, far more than any other manufacturer. We have invested more than $500 million, and hundreds of thousands of hours of effort by our people, to achieve this.
2. BD manufactures the highest quality medical devices, including our safety-engineered designs. The effectiveness of our products is proven millions of times every day in healthcare facilities throughout the United States and the world. Our safety devices have consistently outperformed competitive products in head-to-head customer evaluations. This is why we are the leading supplier of safety-engineered needle devices.
3. Beyond the breadth and quality of our products, BD has done far more than any other company to advance the cause of healthcare worker safety. We provided substantial funding to the University of Virginia to develop EPINet, the only nationally and internationally recognized surveillance system that enables hospitals to precisely identify the causes of needlestick injuries. We distribute this system free of charge to hospitals. We actively support hospitals� efforts to train and educate their employees, also free of charge.
4. We actively supported government legislation that requires healthcare facilities to use safety-engineered needle devices, whenever it is feasible for them to do so without compromising patient care.
5. All of BD�s dealings with its customers, including Group Purchasing Organizations (GPOs), are legal and ethical. Our contracts are voluntary in nature at the hospital level. Hospitals can purchase products from whomever they choose.
Regarding any additional allegations that may be made against BD in this story, it is important that you know the following: