Thermo Fisher Scientific(TMO)

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海外CXO/生命科学上游1H25业绩剖析:关税影响小于预期,临床CRO订单意外增长,普遍上调业绩指引
Zhao Yin Guo Ji· 2025-08-18 05:32
Investment Rating - The report assigns a "Buy" rating to Thermo Fisher, while other companies such as Danaher, Samsung Bio, and Lonza remain unrated [2]. Core Insights - The report highlights that the impact of tariffs on the life sciences upstream sector is less than expected, leading to an overall upward revision of performance guidance for 2025 by most companies [4][29]. - Clinical CRO orders have unexpectedly increased, driven by strong biotech client demand, although the sustainability of this trend remains uncertain [4][31]. - The revenue recovery is outpacing profit recovery, with cost control pressures increasing due to external macroeconomic challenges [6][14]. Summary by Sections Performance Analysis - In 1H25, the performance of overseas CXO and life sciences upstream companies remained under pressure, but a sequential improvement was observed in 2Q25, with 7 out of 10 tracked companies showing revenue growth compared to 1Q25 [6][31]. - The median and average revenue growth rates for 2Q25 were +4.3% and +7.1%, respectively, compared to +0.2% and +6.0% in 1Q25, primarily driven by clinical CRO companies [6][8]. Tariff Impact - The impact of tariffs on sales of instruments and equipment for drug development and production was reported to be less than anticipated, with management from major life sciences companies indicating a more favorable outlook [29][30]. - Companies like Thermo Fisher and Danaher have adjusted their performance guidance upwards, reflecting a more optimistic view on tariff impacts [29][30]. Demand Trends - The C(D)MO sector continues to see strong commercial production demand, while life sciences upstream companies benefit from a recovery in consumable demand as clients complete inventory destocking [31][32]. - Clinical CRO demand has been bolstered by unexpected growth from biotech clients, although the sustainability of this demand is still in question [33][34]. Financial Metrics - The average gross margin for heavy asset companies decreased from 50.2% in 2021 to 45.7% in 2024, but showed signs of recovery in 2Q25 [15]. - The report notes that capital expenditures are expected to reverse the declining trend observed in 2023-24, potentially increasing future depreciation pressures [17]. Market Reactions - Following the release of 2Q25 results, stock prices for most overseas CXO and life sciences companies reacted positively, particularly for clinical CROs, which saw significant price increases due to better-than-expected performance [24][25].
TMO Receives FDA Approval for Oncomine Dx Target Test
ZACKS· 2025-08-15 14:15
Company Overview - Thermo Fisher Scientific (TMO) received FDA approval for its Oncomine Dx Target Test as a companion diagnostic for identifying patients eligible for HERNEXEOS (zongertinib tablets), a tyrosine kinase inhibitor [1][2] - The Oncomine Dx Target Test enables multi-biomarker analysis from a single tissue sample, providing results in as little as four days, and is fully reimbursed by Medicare and top commercial payers in the U.S. [3] Product Details - The Oncomine Dx Target Test checks for HER2/ERBB2 tyrosine kinase domain activating mutations in NSCLC tumors, reducing the need for second biopsies and avoiding suboptimal therapy selection [3] - The test has received global approvals, including its first FDA approval in 2017, and is reimbursed by insurers covering over 550 million lives globally [4] Market Insights - Lung cancer is the second most common cancer in the U.S., with NSCLC accounting for 85-90% of cases, and approximately 2-4% of NSCLC patients carry a HER2 mutation [5] - The global market for NSCLC treatments is projected to reach $66.04 billion by 2032, growing at a CAGR of 10.3% from 2024 to 2032 [5] Competitive Landscape - Thermo Fisher faces competition from MedTech players like Illumina, which is expanding its NGS oncology portfolio, and Guardant Health, which is enhancing its liquid biopsy and NGS-based testing offerings [7][9] - Illumina's TruSight Oncology assay continues to gain utilization, while Guardant Health's Guardant360 test provides comprehensive tumor profiling from a single blood draw [7][9] Recent Developments - Thermo Fisher also announced FDA approval for the Oncomine Dx Express Test as an in vitro diagnostic assay for use as a companion diagnostic for Dizal's ZEGFROVY (sunvozertinib) [6]
Thermo Fisher: Growth Acceleration And Margin Expansion Should Drive The Upside
Seeking Alpha· 2025-08-12 03:20
Group 1 - The analyst has over 15 years of experience in investing and has provided research services to mid-sized hedge funds with assets under management between $100 million and $500 million [1] - The focus is on medium-term investing, targeting ideas with catalysts to unlock value or short selling in case of downside catalysts [1] - The analyst has a generalist approach but has primarily analyzed the industrial, consumer, and technology sectors, indicating higher conviction in these areas [1]
Thermo Fisher: The Rerating Is Just Getting Started - Buy
Seeking Alpha· 2025-08-08 20:09
Group 1 - The stock is currently trading at 19x estimated EPS for 2026, indicating that the market valuation appears to be accurate based on Bloomberg consensus estimates [1] Group 2 - The analysis emphasizes a focus on macroeconomic factors, portfolio management, and equity research, highlighting the importance of economic cycles and monetary policy in investment strategies [1]
Thermo Fisher Q2: Pharma And Biotech Gains Offset By Weak Academic And Gov't Markets
Seeking Alpha· 2025-08-06 17:31
Group 1 - The company assigned a Buy rating to Thermo Fisher Scientific Inc. (NYSE: TMO) in October 2024, anticipating a market recovery in 2025 [1] - The overall market has shown some early signs of recovery but remains weak this year [1] - The company raised its position in TMO through stock ownership, options, or other derivatives [1]
酶标仪新品盘点:WB检测/四光栅/全波长/模块化/中国智造,如何Pick?
仪器信息网· 2025-08-06 03:58
Core Viewpoint - The article discusses the emergence of new products and technologies in the enzyme labeling instrument sector from January 2024 to July 2025, highlighting advancements and innovations that enhance research capabilities in life sciences [1]. Group 1: Product Launches - In July 2025, Molecular Devices launched two new multi-mode microplate readers, SpectraMax iD3s and iD5e, featuring SmartInject technology for real-time kinetic detection and high-precision environmental control [4][7]. - Revvity introduced the VICTOR Kira multi-functional enzyme labeling instrument in March 2025, designed for small to medium-sized laboratories with four grating technology for flexible multi-wavelength analysis [4][26]. - Thermo Scientific's Varioskan ALF, launched in April 2024, is the first multi-functional enzyme labeling instrument developed and manufactured in China, capable of various detection methods including UV/Vis absorbance and turbidity [4][30]. Group 2: Product Features - The SpectraMax iD3s and iD5e models enhance sensitivity by 50% and support three detection modes: absorbance, fluorescence, and chemiluminescence, optimized for high-frequency experiments [8][9]. - The VICTOR Kira supports absorbance, fluorescence, and chemiluminescence, improving operational efficiency with advanced software for data analysis and compatibility with multiple devices [28][29]. - The Varioskan ALF features a unique optical design for continuous wavelength selection from UV to near-infrared (200-1000 nm) and supports various detection methods, including FRET and BRET [31][32]. Group 3: Market Trends - The enzyme labeling instrument market is evolving from single-function tools to multifunctional platforms, driven by technological advancements and the need for high efficiency and flexibility in life sciences research [3]. - Domestic manufacturers like Aibokeyi are also launching products such as the AM1000 and AM3000, catering to a range of applications from basic testing to advanced research needs [4][16].
Investing in Thermo Fisher (TMO)? Don't Miss Assessing Its International Revenue Trends
ZACKS· 2025-08-04 14:17
In our recent assessment of TMO's quarterly performance, we discovered notable trends in its overseas revenue sections, which are typically modeled and scrutinized by Wall Street analysts. The company's total revenue for the quarter stood at $10.86 billion, increasing 3% year over year. Now, let's delve into TMO's international revenue breakdown to gain insights into the significance of its operations beyond home turf. A Dive into TMO's International Revenue Trends Of the total revenue, $2.83 billion came f ...
赛默飞中标5台,PCR仪中标周报
仪器信息网· 2025-08-01 03:59
Core Insights - The article highlights the recent procurement data for PCR instruments, indicating a significant increase in the number of units awarded compared to the previous week, despite a decrease in total monetary value [3]. Group 1: Procurement Overview - A total of 10 procurement items related to PCR instruments were recorded in the 30th week of 2025 (July 21 - July 27), with 45 units awarded, representing a 36.4% increase from the previous week [3]. - The total monetary value for the awarded units was 3.714 million yuan, which is a 55.3% decrease from the previous week [3]. Group 2: Brand Performance - Among the brands, Thermo Fisher won 5 units of fluorescent quantitative PCR instruments, while Bole, Borui, and Huasheng each secured 1 unit, with an average winning price of 390,200 yuan per unit [3][5]. Group 3: Detailed Procurement Data - The detailed procurement data includes various institutions and the specific models of PCR instruments purchased, with notable entries such as: - Foshan Second People's Hospital purchased 2 units of Thermo Fisher's QuantStudio™3/FQD-96C at 300,000 yuan each [5]. - Guangzhou University of Chinese Medicine acquired 2 units of Thermo Fisher's QuantStudio 5 at 500,000 yuan each [5]. - Beijing Liver Disease Research Institute purchased 1 unit of Thermo Fisher's QuantStudio6pro at 785,000 yuan [5]. Group 4: Procurement Types - The breakdown of procurement types shows: - 35 units of PCR instruments totaling 512,800 yuan - 8 units of fluorescent quantitative PCR instruments totaling 3,121,600 yuan - 2 units of gradient PCR instruments totaling 79,400 yuan [7].
国家发展改革委副主任周海兵会见美中贸易全国委员会董事会代表团
Di Yi Cai Jing· 2025-07-31 11:03
Group 1 - The meeting on July 30 involved discussions on China-US economic and trade relations and foreign investment policies, highlighting mutual concerns between the two parties [1] - Representatives from major companies such as Thermo Fisher Scientific, Otis Global, Boeing Global, Goldman Sachs, Apple, and United Family Healthcare participated in the meeting to share insights on their operations in China [1]
美企高管组团访华!排队同商务部部长握手,波音、苹果等企业都来了
Hua Xia Shi Bao· 2025-07-31 04:29
Group 1 - A delegation of U.S. corporate executives visited China, including representatives from Boeing, Otis, Apple, and Thermo Fisher Scientific, focusing on industries affected by U.S. tariffs [1] - The China Council for the Promotion of International Trade (CCPIT) and the U.S.-China Business Council discussed enhancing exchanges between the two countries' business communities [1] - Chinese Commerce Minister Wang Wentao met with nearly ten U.S. corporate executives to discuss U.S. companies' development in China and the overall U.S.-China economic relationship [1][2] Group 2 - Wang Wentao emphasized that the U.S.-China economic relationship is crucial for both nations and that dialogue is key to resolving differences [2] - The Chinese market is highlighted as having significant growth potential and innovation capacity, welcoming foreign investment, including from U.S. companies [2] - The U.S.-China Business Council expressed support for ongoing dialogue between the two governments and the positive signals sent by China regarding reform and openness [2] Group 3 - Chinese Foreign Minister Wang Yi encouraged the U.S. business community to foster a correct understanding of China and contribute positively to U.S.-China relations [3] - The Chinese government maintains that it will act in its national interest regarding energy security and that there are no winners in a trade war [3]