BioMerieux SA

BIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€294.00	Nyzfwj	Cjzgwzf

Narrow-Moat BioMerieux Has Solid Q2 Despite Impact of Lower COVID-19 Testing

Aaron Degagne

Sep 1, 2021

Narrow-moat BioMerieux had a solid second quarter despite declining molecular biology sales from lower COVID-19 testing in the United States. While we may slightly increase our estimates to account for higher rates of testing driven by the delta variant surge, we don’t anticipate a material change to our EUR 87 fair value estimate.

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