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BD Buys Medical Business Of CUBEX For Undisclosed Terms - Quick Facts

Medical technology company Becton, Dickinson and Co. or BD (BDX) announced Thursday that it has acquired the Medical Business assets of privately-held CUBEX LLC to broadening its automated dispensing portfolio across the care continuum space.

CUBEX develops cloud-based software offerings for advanced medication management.

The strategic acquisition brings together the industry leading BD Pyxis Automated Dispensing Cabinets with the Medical Business of CUBEX's MedBank cloud-based software and analytics platform.

The cloud-based software supports decentralized medication management and provides unique features specialized for pharmacists and nurses across the care continuum. BD previously worked under a commercial distribution relationship with CUBEX.

Terms of the transaction were not disclosed. The acquisition does not impact BD's fiscal 2021 guidance.

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