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bioMérieux expands test kit supplies, faces higher freight costs

Coronavirus 479 Earnings 586 France 145 Health Care 306 Quote Watch 353 U.S. 4937

Medical testing supplier bioMérieux reported Q4’20 revenues which rose by 14.2% year over year, helped by its COVID-19 testing product range. The firm expects a similar rate of growth in 2021. Panjiva’s data shows U.S. seaborne imports linked to the firm rose by 27.3% year over year in December, with January imports up by 14.3% sequentially versus the Q4 monthly average. The firm faced higher freight costs in Q4 with CFO Guillaume Bouhours noting “we have in our guidance, still higher than normal freight costs”. Other test kit providers continue to expand their supplies to the U.S. with ...

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