Babson Diagnostics Gains Strategic Investment from BD Partners

Babson Diagnostics Gains Strategic Investment from BD Partners

Babson Diagnostics, a company that prioritizes science in healthcare technology, is excited to announce a recent investment from BD (Becton, Dickinson and Company). This investment not only solidifies their ongoing strategic alliance but also aims to broaden access to blood testing services across various communities.

Expanding Blood Testing Accessibility

BD is recognized globally for its extensive experience in specimen management and blood collection technology, with over 75 years in the field. By joining forces with Siemens Healthineers and Emerald Development Managers LP, Babson has secured invaluable funding to accelerate its commercial launch, particularly the BetterWay blood testing service.

Innovative Blood Testing with BetterWay

The BetterWay blood testing service, which launched at local pharmacies, represents a significant breakthrough in diagnostic testing. This service utilizes a minimal amount of blood drawn from the fingertip, allowing for effective diagnosis and monitoring of chronic conditions such as hypertension and high cholesterol.

David Stein, the CEO of Babson Diagnostics, expressed enthusiasm about the investment, stating that it demonstrates BD's commitment to enhancing the blood testing experience. He noted the collaborative efforts of the two companies in creating a more user-friendly, convenient, and cost-effective blood testing process.

Collaboration History and Technological Innovations

Since 2016, BD and Babson Diagnostics have worked together to innovate blood collection methods. Recently, BD received the necessary clearances for the BD MiniDraw™ Capillary Blood Collection System from health authorities, marking a significant milestone in less invasive blood testing.

Addressing Patient Concerns

Research conducted by BD highlights a critical concern: more than 51% of Americans have some fear of needles, which often stems from the apprehension of multiple needle insertions. BetterWay aims to alleviate this issue by offering a more approachable blood testing process.

BetterWay seamlessly combines the BD MiniDraw technology with Babson's advanced sample preparation methods, allowing retail pharmacies to collect high-quality capillary samples without the need for special phlebotomists or laboratory technicians. This innovative approach ensures quick processing at Babson's modern lab.

Commitment to Improved Patient Experience

The strategic partnership between BD and Babson Diagnostics underscores a shared dedication to enhancing patient experiences through more accessible blood testing methods. Bridget Bagnato, the worldwide president of BD's Specimen Management division, emphasized their commitment to transforming blood collection locations to benefit patients.

About BetterWay Blood Testing

The BetterWay initiative signifies a transformative change in blood testing—offering a friendly and accessible method for customers to obtain blood tests at local pharmacies. Customers can choose between self-ordering tests or consulting with a doctor. This model encourages affordability, with options for self-payment as well as insurance coverage.

Not only do samples get transported efficiently to Babson's clinical laboratory, but results are also delivered in an understandable format within one to two days. The company has positioned itself as an industry leader in making routine testing simple and approachable.

About Babson Diagnostics

Founded with a mission to redefine the diagnostic blood testing landscape, Babson Diagnostics combines cutting-edge technology and patient-centered service. Named in honor of the innovator Art Babson, the company has established itself as a pioneer in capillary blood testing methods, continuing to set the standard for diagnostic practices.

Frequently Asked Questions

What is the purpose of BD's investment in Babson Diagnostics?

BD's investment aims to strengthen their partnership with Babson and expand access to blood testing, enhancing the convenience and affordability of diagnostic services.

How does BetterWay blood testing work?

BetterWay utilizes a small blood sample taken from the fingertip, making the testing process less invasive and more accessible for patients at local pharmacies.

What are the benefits of the BD MiniDraw™ system?

The BD MiniDraw system allows for capillary blood collection without the discomfort associated with conventional needle methods, thus aiming to enhance the patient experience.

Where is BetterWay blood testing currently available?

Currently, BetterWay blood testing services are available in local pharmacies in Austin, Texas, with plans for expansion in the near future.

How soon can patients expect results from their blood tests?

Patients can expect to receive their results within one to two days after their samples are sent to Babson Diagnostics' clinical laboratory.

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