Category: Biotech
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What is the impact on biotech? By Investing.com
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The upcoming presidential election is expected to have a significant impact on the biotech sector, Evercore ISI said in a note dated Friday. Traditionally, presidential nominations are not significantly influenced by the vice president. However, candidates can sometimes help (e.g., Obama-Biden) or hurt (e.g., McCain-Palin) a ticket. For Harris, her…
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Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement By Reuters
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(Reuters) – Thermo Fisher Scientific Inc (NYSE: ) on Wednesday raised its annual earnings forecast and reported better-than-expected second-quarter profit, citing improved demand for its instruments and services used in clinical trials. Contract drugmakers saw spending cutbacks from their biotech clients in 2023 amid rising interest rates. The public funding…