Higher inventory in Q425; higher pressure could continue in 2026 We hosted an expert on blood products to share an industry update. He pointed to sizeable shipments from producers in Q425, leading to a rise in channel inventory. Taking albumin as an example, he said some small distributors have more than six months of inventory vs. around two months of intravenous immunoglobulin (IVIG) inventory. Looking ahead into 2026, he projects producers' shipments to remain pressured YoY in Q126 due to the relatively ...