US life sciences firms get lift from Sartorius' results

Sartorius AG

17/10/2024 13:35

** Shares of US life sciences firms rise after German peer
Sartorius's  SATG.DE  better-than-expected bioprocessing order
intake in its nine-month results
    ** Premarket, Danaher  DHR.N  up 3.4%, Thermo Fisher
Scientific  TMO.N  up 2.1% and Waters  WAT.N  up 1.7%  
    ** Sartorius' order intake rose 6.6% to 2.32 billion euros 
($2.52 billion)
    ** Citi says, "While the read-through from Sartorius in
recent quarters was mixed, we view these results as a clear
positive data point for bioprocessing players under coverage
given the healthy sequential increase in bioprocessing orders"
 
 ($1 = 0.9206 euros)

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))