Skip to main content
Premium Trial:

Request an Annual Quote

Meridian Bioscience Preliminary Fiscal Q2 Revenues Rise by up to 33 Percent

NEW YORK – Meridian Bioscience on Thursday announced that its preliminary net revenues for the fiscal second quarter are expected to be up between 28 and 33 percent year over year, beating its prior estimates.

The firm expects fiscal Q2 net revenues to be between $109 million and $113 million compared to $85.3 million in Q2 2021. 

Diagnostics segment revenues are expected to be between $40 million and $42 million, a 25 percent to 32 percent increase from $31.9 million a year ago. The early return of the LeadCare product line to the market after its recall in 2021, as well as positive demand for the company's SARS-CoV-2 rapid antigen test, contributed to the diagnostics segment results, Meridian said in a statement. 

Life sciences revenues, meantime, are expected to total between $69 million and $71 million, compared to $53.3 million in the prior-year quarter. Strong demand for reagents for COVID-19 antigen tests during the Omicron surge drove the life sciences results, the firm said. 

Meridian Bioscience plans to report its full financial results for the quarter on May 6. 

The Scan

RNA Editing in Octopuses Seems to Help Acclimation to Shifts in Water Temperature

A paper in Cell reports that octopuses use RNA editing to help them adjust to different water temperatures.

Topical Compound to Block EGFR Inhibitors May Ease Skin Toxicities, Study Finds

A topical treatment described in Science Translational Medicine may limit skin toxicities seen with EGFR inhibitor therapy.

Dozen Genetic Loci Linked to Preeclampsia Risk in New GWAS

An analysis of genome-wide association study data in JAMA Cardiology finds genetic loci linked to preeclampsia that have ties to blood pressure.

Cancer Survival Linked to Mutational Burden in Pan-Cancer Analysis

A pan-cancer paper appearing in JCO Precision Oncology suggests tumor mutation patterns provide clues for predicting cancer survival that are independent of other prognostic factors.