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Stock impact report

Bio-Rad (BIO) Suffers due to BioPharma Softness, Stiff Competition [Yahoo! Finance]

Bio-Rad Laboratories, Inc. Class A (BIO) 
Last bio-rad laboratories, inc. class a earnings: 2/13 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Since the beginning of 2023, Bio-Rad has been witnessing softness in smaller BioPharma companies, wherein the demand for life science products has been strong historically. This directly correlates with the funding constraints that the broader pharmaceutical industry has started to experience. Management puts forth that BioPharma's softness has resulted in sluggish growth of the Life Science segment. Going by our model, we expect Bio-Rad's Life Science arm to register a decline of 1% in 2024. In the fourth quarter of 2023, negative BioPharma macro trends persisted. Bio-Rad experienced reduced demand from biopharma customers for its process chromatography resins and from both biopharma and smaller biotech customers for the Life Science research projects – products. Bio-Rad experienced weaker demand in China due to softening macroeconomic conditions. Bio-Rad Laboratories, Inc. Price Bio-Rad Laboratories, Inc. price | Bio-Rad Laboratories, Inc. Quote In recent times, Bio-Rad's m Show less Read more
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