Diagnostics as a group beat Wall Street expectations in the second quarter with 6.6 percent organic growth and are poised to accelerate the company’s expansion.

“This launch remains in the early innings and gives us confidence in a high single-digit diagnostics growth profile going forward,” said Raymond James analyst Jason Bedford in a note to investors in March.²

Diagnostics covers many ��«����Ƶ product lines, which all strive toward accurately getting more results faster than before for providers. The results are essential data for patient care quality and outcomes.

Big Answers from a Small Drop of Blood

��«����Ƶ’s diagnostics legacy does more than just put critical medical information in the hands of doctors and patients; the company’s innovations address disease outbreaks and have helped doctors make improved treatment decisions. Other blood tests can quickly show whether someone has diabetes, is pregnant or has had a heart attack.

��«����Ƶ’s point of care diagnostics portfolio – enhanced significantly by our acquisition of rapid diagnostics technologies last year – brings the power of many of our life-changing tests to wherever patients are—whether it’s at major sporting events, in emergency rooms or in rural areas in developing countries.

“This is a very attractive area of diagnostics testing and our integration of this business into ��«����Ƶ continues to go well as we put in place the building blocks to drive sustainable growth and margin expansion,” White told analysts during a recent earnings call.³

A Transfusion Leader

��«����Ƶ’s role in helping blood services around the world keep the global blood supply safe remains an important contributor in its overall diagnostics portfolio. More than 60 percent of the world’s blood supply is screened through ��«����Ƶ instruments, and we’ve been improving blood screening technologies for more than 40 years to demonstrate our commitment to a safe blood supply.⁴

Only ��«����Ƶ has a Global Surveillance Program that closely monitors evolving virus strains that can threaten health around the world. Over 20+ years, we’ve identified more than 5,000 virus strains by working with different partners to collect samples, helping track and understand HIV and viral hepatitis among many diseases.⁵

With 234 million major medical operations happening around the globe each year, the need for safe blood is constant.⁶ ��«����Ƶ remains committed to helping blood services meet the next challenge: inspiring young people to become lifetime blood donors. With most blood donations made by people over 40 years old, young donors are not giving blood at a pace to ensure steady supplies.⁷ ��«����Ƶ leads the BE THE 1™ Donor global campaign to encourage donations and  of being a donor.

“We’re honored to help keep the world’s blood supply safe,” said Lou Morrone, vice president of ��«����Ƶ’s Transfusion Medicine business. ��«����Ƶ’s strength in transfusion is highlighted by World Blood Donor Day June 14, which celebrates more than 112 million annual donations that help save lives.⁸ “The urgent need to maintain that supply is why we’re committed to raising awareness around the need for people to become lifetime donors.”

Alinity’s Advantages Explained

*Editor's note: After a remarkable 21-year tenure, Miles White stepped down as ��«����Ƶ's CEO on March 31, 2020. At that time, Robert Ford became the CEO of ��«����Ƶ. Mr. White remains ��«����Ƶ's Executive Chairman, serving on ��«����Ƶ's Board of Directors.

References

¹Q2018 Call Transcript, see PDF page 3
²Raymond James Note
³1Q2018 Call Transcript, see PDF page 3, second paragraph
⁴Financial Infographic, see PDF page 17
⁵Global Viral Surveillance Infographic, see PDF page 18
⁶World Health Organization, Towards 100% Voluntary Blood Donation, see PDF page 39
⁷AABB Donor Hemovigilance Report, see PDF page 53
⁸World Health Organization, Blood Safety and Availability, see PDF page 55