“Next year will be year three. And, as a reminder, that's $250 million of revenue that we're assuming from a revenue synergy next year.”

In context

“outgrowing peers. Can we attribute any of that outsized growth to sort of the value proposition that being a part of Thermo might represent for your customer base? Or is it still too early to kind of see that potential growth impact come in and this is just PPD executing as it has been. Marc Casper: I think our team is doing a great job of executing, right? They are out there serving customers and patients so that customers are making a great choice to work with us, right? They're doing a really good job. We clearly have a high level of new authorizations because of the combination of what Thermo Fisher brings and what PPD brought together, right? So there's a lot of customer interest. It shows up in authorization is showing up in our revenue now. That continues to build. And I'm excited. Next year will be year three. And, as a reminder, that's $250 million of revenue that we're assuming from a revenue synergy next year. So it's really exciting in terms of where it is, and I feel good about the performance of the business and the outlook. Matthew Sykes: Thank you. Marc Casper: Thanks, Matt. Operator: Thank you. Our next question comes from Vijay Kumar of Evercore. Vijay, your line is open. Please go ahead. Vijay Kumar: Hey, guys. Thanks for taking my question and congrats on the steady front here. Marc, my first question for you, high level. I think your prior guidance for biopharma end market was slightly north of corporate about 7% or thereabouts. Did that change at all, Marc? And if it did change, where is the change coming from between CDMO CRO and bioprocessing in -- could you just remind us what is Thermo's exposure to early-stage biotech emerging pharma? Marc Casper: Yes. So Vijay, we gave like 80,”