Becton Dickinson to licence Med-Design's safety needle:
This article was originally published in Clinica
Executive Summary
Becton Dickinson has gained exclusive licensing rights to Med-Design's retractable needle technology, which prevents accidental needlestick injuries. The deal will provide Med-Design, Ventura, California, with a multi-million dollar up-front payment and royalties. Becton will also make a $1.5 million equity investment in Med-Design through the purchase of 300,000 shares at $5 per share. Becton will be entitled to one seat on Med-Design's board.