CLAIM #56434 · Thermo Fisher Scientific Inc (TMO) · 2024Q2 earnings call · Jul 24, 2024 · due Dec 31, 2026
“It certainly impacts our growth in terms of headwind in 2024, but it becomes better in '25 and '26 as the new therapies and the tech transfers are complete and new lines come on place.”
Marc Casper · CEO
How to check this claim
Look at: Segment organic revenue growth rate for the Pharma Services / clinical trials and drug substance/product manufacturing business (or comparable segment as reported)
It came true if: Organic growth rate in 2025 and 2026 higher than the organic growth rate reported for 2024
Where: Company segment reporting and management commentary (10-K/quarterly earnings calls)
In context
“we're doing well there. We've been expanding the number of lines we have at our sites, and demand has been strong for that. So I feel good about that outlook. In the clinical trials, supplies, which is the other really large portion of our business and where we really have an unparalleled position, I highlighted a couple of examples of capabilities we're expanding. Effectively, we make sure that our capacity lines up with our forecasted demand. So it's not really an overcapacity viewpoint. And then on the other parts of the business, I feel okay about our position and nothing of note there. So that's pretty positive. And what we're going through right now, as a reminder, is we're transitioning a lot of the COVID-related activities to the normal therapies. And the team is doing a good job. It certainly impacts our growth in terms of headwind in 2024, but it becomes better in '25 and '26 as the new therapies and the tech transfers are complete and new lines come on place. So pretty good times ahead. Tycho Peterson: Thanks, I appreciate the color. Marc Casper: Thanks, Tyco. Operator: Thank you. Our next question is from Puneet Souda with Leerink Partners. Puneet, your line is now open. Please go ahead. Puneet Souda: Yes. Hi, thanks Marc and Stephen. Thanks for taking the question. So Marc, a higher-level question for you, maybe with your -- when you have conversations, the C-suite conversation with therapeutics teams out there, what are you seeing and hearing from your larger biopharma customers, and maybe to some extent, these mid-cap ones as well versus the smaller and earlier-stage customers? How much of a divergence are you seeing within these groups? And when can that divergence narrow? Marc Casper: Yes. So Puneet, thanks for the question. So when I th”
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SEC filings for TMO ↗ · Claim quote is verbatim from the 2024Q2 earnings call.