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CLAIM #20578 · DHR (DHR) · 2022Q3 earnings call · Oct 20, 2022 · due Dec 31, 2023

But of course, that's a number that we watch very closely. More importantly, we think that the non-COVID business, which, of course, will again proportionately be a much larger part of the business, will continue to be very robust.

Rainer Blair · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

ust maybe to put a finer point on that. Is your outlook for Bioprocessing including vaccines, I think Danaher expected high singles for '23. Has that changed? And I think prior expectation was $0.5 billion of vaccine revenue for next year. Has that changed? Rainer Blair: As you can imagine, we're very focused on delivering the fourth quarter here and the full year. But as we think about '23, and I say that because there's a lot of data points to collect here in the fourth quarter as well in such a dynamic environment. And so as we think about the Bioprocessing business for 2023, we still think that there is room for $500 million of COVID opportunity in order to support the needs of the population, the variance to replenish expired sell-by dates and all the things that you can think about. But of course, that's a number that we watch very closely. More importantly, we think that the non-COVID business, which, of course, will again proportionately be a much larger part of the business, will continue to be very robust. Funding levels are there, the number of modalities that continue to grow in the pipeline is broad, our own project activity in early, mid- and late stage is very strong. So, we do not have a different view on 2023 for Bioprocessing today. But of course, it's a fluid situation, and we continue to watch all of that, and we'll update in January when we speak again. Vijay Kumar: That's helpful, Rainer. And just to sort of clarify, any change here, that sensitivity would be on the vaccine side, but not on the base correct? Derik De Bruin: That's correct. That's the way we see it for sure today. And recall, I mentioned just a minute ago to Derik that in 2022, we were expecting $1 billion of COVID vaccine, therapeutic revenue. We've taken that down to $800 million. It is, of course, offset by th

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SEC filings for DHR · Claim quote is verbatim from the 2022Q3 earnings call.