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IVD Earnings Roundup: Roche's Diabetes Division Takes A Dip; Quest Diagnostics; bioMérieux; Danaher

 
• By Catherine Longworth

Roche's diabetes business continues to struggle as third quarter results show sales in the division dipped by 3%, while Quest Diagnostics' bottom line took a hit from special charges. Meanwhile, bioMérieux said third-quarter revenues increased by 7%; Danaher is finalizing its acquisition of Cepheid.

Roche reported revenue of CHF8.4bn for its diagnostics division for the first nine months of 2016, a 7% increase from the same period last year. The Swiss group attributed the growth to particularly strong double-digit diagnostic sales increases in Asia-Pacific (+17%) and Latin America (+21%). However, in developed markets, diagnostics sales floundered with North America (+4%) and Europe (+2%).

Roche saw another downward trend for its diabetes business with sales decreasing by 3%. Roche said sales continued to be impacted by "challenging market conditions,” especially in North America. The...

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