Samsung Bioepis to Commercialize BYOOVIZ® (ranibizumab) in Europe from January 2026

Samsung Bioepis to Commercialize BYOOVIZ® (ranibizumab) in Europe from January 2026




Samsung Bioepis to Commercialize BYOOVIZ® (ranibizumab) in Europe from January 2026

  • Samsung Bioepis will assume full commercial responsibility for BYOOVIZ® (ranibizumab) upon full transition of Biogen’s commercialization rights back to Samsung Bioepis effective as of January 2026
  • BYOOVIZ, approved by the European Commission (EC) in August 2021 as the first ophthalmology biosimilar in Europe, has been commercially available in several European countries since March 2023

 


INCHEON, Korea–(BUSINESS WIRE)–#BYOOVIZ–Samsung Bioepis Co., Ltd. announced today that the company has entered into an Asset Purchase Agreement (APA) with Biogen regarding Samsung Bioepis’ two ophthalmology assets: BYOOVIZ® (ranibizumab), a biosimilar referencing Lucentisi (ranibizumab) and OPUVIZ™ (aflibercept), a biosimilar referencing Eyleaii (aflibercept) — in Europe. Samsung Bioepis will have full responsibility for commercialization of BYOOVIZ upon the transfer of commercial rights from Biogen back to Samsung Bioepis, effective as of January 2026.

“We are pleased to announce our direct commercialization initiative for BYOOVIZ in Europe. We will work closely with Biogen to ensure a seamless transition and the continued delivery of services to our customers and patients in Europe,” said Linda Choi MacDonald, Executive Vice President and Global Head of Commercial, at Samsung Bioepis. “Samsung Bioepis will continue to broaden our reach to patients across Europe by reinforcing our leadership and expertise in biosimilars.”

BYOOVIZ (ranibizumab) was approved by the European Commission (EC) in August 2021 as the first ophthalmology biosimilar in Europe for the treatment of patients with Neovascular (Wet) Age-Related Macular Degeneration (AMD), Macular Edema following Retinal Vein Occlusion (RVO), and Myopic Choroidal Neovascularization (mCNV). BYOOVIZ became commercially available in several countries within Europe from March 2023. OPUVIZ (aflibercept) was approved by the EC in November 2024 and by the Medicines and Healthcare products Regulatory Agency (MHRA) in April 2025 for the treatment of patients with Wet AMD, Visual Impairment due to Macular Oedema Secondary to RVO, Visual Impairment due to Diabetic Macular Edema (DME), and Visual Impairment due to mCNV. OPUVIZ will not be launched until after the lapse or revocation of relevant patent(s) for the reference biologic Eylea that also covers OPUVIZ in Europe.

About Samsung Bioepis Co., Ltd.

Established in 2012, Samsung Bioepis is a biopharmaceutical company committed to realizing healthcare that is accessible to everyone. Through innovations in product development and a firm commitment to quality, Samsung Bioepis aims to become the world’s leading biopharmaceutical company. Samsung Bioepis continues to advance a broad pipeline of biosimilar candidates that cover a spectrum of therapeutic areas, including immunology, oncology, ophthalmology, hematology, nephrology, and endocrinology. For more information, please visit: www.samsungbioepis.com and follow us on social media – LinkedIn, X.

i

Lucentis is a trademark of Genentech, Inc.

ii

Eylea is a trademark of Bayer AG

 

Contacts

MEDIA CONTACT
Anna Nayun Kim, nayun86.kim@samsung.com
Yoon Kim, yoon1.kim@samsung.com

MedTech Innovator Asia Pacific Names Australis Scientific Top Innovator in 2025 Grand Finals Competition

MedTech Innovator Asia Pacific Names Australis Scientific Top Innovator in 2025 Grand Finals Competition




MedTech Innovator Asia Pacific Names Australis Scientific Top Innovator in 2025 Grand Finals Competition

Medical device company developing smart patch delivering minimally invasive neuromodulation therapy for overactive bladder, is awarded Grand Prize of USD 175,000 at the 7th annual grand finals event

LOS ANGELES & SINGAPORE–(BUSINESS WIRE)–MedTech Innovator (MTI), the world’s largest and most impactful accelerator for medical technology startups, today announced that Australis Scientific has been named the 2025 MedTech Innovator Asia Pacific Grand Prize Winner, receiving USD 175,000 in non-dilutive funding for their innovative smart patch delivering minimally invasive neuromodulation therapy for overactive bladder. The other finalists—F.MED, HemoTag, OsseoLabs—each received USD 10,000 as runner-up prizes.




“We’re honored to have been named the 2025 MedTech Innovator APAC Grand Prize Winner,” said Nicky Agahari, co-founder and CEO, Australis Scientific. “More than the recognition, what we value most is the community we’ve gained including the MTI team, our fellow founders, and our strategic mentors at BD who have shared their experience and support so generously. This journey reminds us that when we work together, we can bring forward medical technologies that truly change lives.”

The 2025 Grand Finals marked the first year MedTech Innovator Asia Pacific hosted the event independently in Singapore, underscoring the accelerator’s growth and maturity as the region’s leading platform for advancing medtech innovation.

“We’re thrilled to recognize Australis Scientific as our 2025 Asia Pacific Grand Prize Winner among a field of truly outstanding companies in this year’s finals,” said Paul Grand, founder and CEO of MedTech Innovator. “Australis Scientific’s smart patch for overactive bladder has the potential to make a significant impact by improving millions of lives. They reflect the innovation and momentum we’re seeing across APAC, with breakthrough solutions that are less invasive, more accessible, and designed for global adoption.”

Following each finalist’s presentation, a panel of distinguished medtech executives engaged in a Q&A session with the finalists, with the winner determined by a live audience vote. The panel included Roger Da, associate director of New Business Development, China, Johnson & Johnson MedTech; Dr. Fu Yongji, vice president, head of R&D, B. Braun Medical; Eric Liu, vice president of R&D, Greater Asia, Becton Dickinson.

In addition to the Grand Prize and runner-up awards, several additional honors were presented to recognize outstanding achievements among this year’s cohort of innovators:

  • Cambridge Consultants Product Development Award (USD 25,000): F.MED
  • EnterpriseSG STARTUP SG Grant (SGD 50,000): HiCura Medical
  • Best Video Competition Award (USD 5,000): Borns Medical Robotics
  • One year membership to Johnson & Johnson’s global incubator network at JLABS Singapore: OsseoLabs

The 2025 MedTech Innovator Asia Pacific Accelerator cohort featured 20 startups selected from more than 550 applications across the region. Over the course of four months, participating companies received tailored online coaching, 1:1 mentorship, exposure to investors and industry leaders, and access to MedTech Innovator’s unparalleled global network.

MedTech Innovator’s 2025 Asia Pacific program sponsors include Johnson & Johnson MedTech, B. Braun Medical, Becton Dickinson, Siemens Healthineers, Teleflex, Cambridge Consultants, The Mullings Group, Enterprise Singapore, and Blue Goat Cyber, joining as a 2026 partner to support regional expansion and innovation initiatives.

Applications are now open for the 2026 MedTech Innovator Asia Pacific Accelerator Program, inviting early- and mid-stage medtech and digital health startups from across the region to apply. In collaboration with Korea Health Industry Development Institute (KHIDI), MTI APAC will further expand its regional reach in 2026 with the MedTech Spotlight Pitch Event Road Tour in South Korea, highlighting local innovation ecosystems and fostering greater collaboration across APAC.

About MedTech Innovator

MedTech Innovator is the world’s largest accelerator of medical device, digital health, and diagnostic companies. Its mission is to improve human health by accelerating the growth of companies transforming patient care. MTI has been a catalyst for groundbreaking healthcare solutions, sourcing nearly 14,000 applicants and fostering the growth of 838 graduates. Alumni have collectively raised USD 10.3 billion in follow-on funding and introduced 500+ products to the market, improving the health of millions worldwide. For more information about MedTech Innovator Asia Pacific, its annual programs, portfolio of industry-leading startups, and insights on trends, visit MTI’s website, follow MTI on LinkedIn, and subscribe to its monthly newsletter.

Contacts

Media Contact:
Jenna Kane

Health+Commerce

jennakane@healthandcommerce.com

QIAGEN Marks 4,000th QIAcube Connect Placement, Reaffirming Leadership in Automated Sample Processing

QIAGEN Marks 4,000th QIAcube Connect Placement, Reaffirming Leadership in Automated Sample Processing




QIAGEN Marks 4,000th QIAcube Connect Placement, Reaffirming Leadership in Automated Sample Processing

  • QIAcube Connect drives lab efficiency by automating critical steps in molecular biology workflows for both research and clinical customers
  • Milestone builds on nearly 13,000 cumulative placements of QIAcube family since launch
  • Momentum building as QIAGEN prepares for three important new instrument launches in 2025 and 2026: QIAsymphony Connect, QIAsprint and QIAmini

VENLO, Netherlands, & GERMANTOWN, Maryland–(BUSINESS WIRE)–$QGEN #QIAGEN–QIAGEN (NYSE: QGEN; Frankfurt Prime Standard: QIA) today announced the 4,000th placement of its QIAcube Connect instrument, a significant milestone in driving automation adoption for sample processing across life science and diagnostic labs.


This accomplishment is underscored by the nearly 13,000 cumulative placements of QIAcube platforms globally since launch, and evidence of widespread trust given more than 29,900 cumulative placements of QIAGEN Sample technology instruments since 2019.

QIAcube is designed to enable customers shift from manual to automated workflows without revalidating protocols. It fully replicates QIAGEN’s trusted spin-column kits in a hands-off format, delivering efficiency gains and standardization across labs of varying scale.

QIAcube Connect builds on the foundation of the first-generation QIAcube system, and brings it into the digital age. The updated version supports over 80 QIAGEN kits across more than 140 standard protocols, with custom protocols pushing the limit to over 3,000. It adds connectivity, remote run monitoring, automated decontamination, pre-run checks and seamless integration with the QIAsphere platform.

“QIAcube Connect has become an indispensable tool in thousands of laboratories worldwide,” said Justus Krause-Harder, Vice President, Head of Molecular Tools & Oncology at QIAGEN. “Our continued investment in automation is driven by customers who rely on QIAGEN to deliver the speed, reliability and standardization their work demands. We will strengthen this offering with the upcoming launches of new automation systems and continue to build our leadership in this important area.”

The QIAcube family is part of QIAGEN’s broader suite of automated nucleic acid extraction solutions, including QIAsymphony and EZ2 Connect, which together address the full spectrum of laboratory throughput needs: from individual research users to large clinical testing facilities. These systems have become integral to workflows in academic, pharmaceutical, diagnostic and applied testing environments, helping scientists transform biological samples into high-quality molecular insights.

Looking ahead: new automation systems for every lab scale

Building on this strong customer demand for QIAcube Connect and EZ2 Connect, QIAGEN is expanding its automation portfolio with three new instruments launching in 2025 and 2026:

  • QIAsymphony Connect: A successor to the proven QIAsymphony platform, this system brings enhanced throughput, connectivity and digital oversight to high-volume laboratories. Designed to process up to 96 samples per run, it offers improved yield and sensitivity for oncology, infectious disease and molecular diagnostic applications.
  • QIAsprint: QIAGEN’s entry into the high-throughput segment, QIAsprint enables rapid sample preparation with minimal hands-on time. Capable of processing up to 192 samples per run, the system delivers scalable performance for core facilities and biopharma production environments.
  • QIAmini: A compact benchtop instrument that brings walk-away automation to smaller research labs. QIAmini is ideal for labs transitioning from manual processing, providing an accessible, cost-efficient route to standardization and reproducibility.

All these instruments are designed to extend QIAGEN’s leadership in automated sample processing by offering connected, modular solutions for every type of laboratory: from start-up research teams to large-scale testing centers. Each system will integrate with QIAsphere, QIAGEN’s digital ecosystem that enables remote instrument management, maintenance scheduling and performance tracking across multiple devices and sites.

For further information about the QIAcube Connect and how it can support laboratory automation needs, please visit https://www.qiagen.com/qiacube-connect.

About QIAGEN

QIAGEN N.V., a Netherlands-based holding company, is a global leader in Sample to Insight solutions that enable customers to extract and analyze molecular information from biological samples containing the building blocks of life. Our Sample technologies isolate and process DNA, RNA and proteins from blood, tissue and other materials. Assay technologies prepare these biomolecules for analysis, while bioinformatics support the interpretation of complex data to deliver actionable insights. Automation solutions integrate these steps into streamlined, cost-effective workflows. QIAGEN serves more than 500,000 customers worldwide in the Life Sciences (academia, pharmaceutical R&D and industrial applications such as forensics) and Molecular Diagnostics (clinical healthcare). As of June 30, 2025, QIAGEN employed approximately 5,700 people across more than 35 locations. For more information, visit www.qiagen.com.

Forward-Looking Statement

Certain statements in this press release may constitute forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These statements, including those regarding QIAGEN’s products, development timelines, marketing and/or regulatory approvals, financial and operational outlook, growth strategies, collaborations and operating results, such as expected adjusted net sales and adjusted diluted earnings, are based on current expectations and assumptions. However, they involve uncertainties and risks. These risks include, but are not limited to, challenges in managing growth and international operations (including the effects of currency fluctuations, tariffs, tax laws, regulatory processes and logistics and supply chain dependencies), variability in operating results, and the commercial development of products for customers in the Life Sciences and clinical healthcare markets; changes in relationships with customers, suppliers or strategic partners; competition and rapid technological change; fluctuating demand for QIAGEN’s products due to factors such as economic conditions, customer budgets and funding cycles; obtaining and maintaining product regulatory approvals; and challenges in integrating QIAGEN’s products into manufacturing process workflows and manufacturing at scale. Additional risks include market acceptance of new products, integration of acquisitions, governmental actions, global or regional economic developments, natural disasters, political or public health crises, and other force majeure events. There is also no guarantee that anticipated benefits from restructuring programs and acquisitions will materialize as expected. For a more complete discussion of risks and uncertainties, please refer to the “Risk Factors” section in our most recent Annual Report on Form 20-F and other reports filed with or furnished to the U.S. Securities and Exchange Commission.

Source: QIAGEN N.V.

Category: Life Sciences

Contacts

Contacts QIAGEN:

Investor Relations
e-mail: ir@QIAGEN.com

Public Relations
e-mail: pr@QIAGEN.com

CORRECTING and REPLACING Faeth Therapeutics’ $92 Million Total Funding Powers PIKTOR Phase 2 Following 80% Response Rate in Endometrial Cancer

CORRECTING and REPLACING Faeth Therapeutics’ $92 Million Total Funding Powers PIKTOR Phase 2 Following 80% Response Rate in Endometrial Cancer




CORRECTING and REPLACING Faeth Therapeutics’ $92 Million Total Funding Powers PIKTOR Phase 2 Following 80% Response Rate in Endometrial Cancer

New $25 million raise advances multi-node PI3K program; randomized phase 2 trial with Gynecologic Oncology Group Foundation now enrolling

AUSTIN, Texas–(BUSINESS WIRE)–In the first paragraph and the About Faeth Therapeutics boilerplate of release issued Oct. 20, 2025, investor name should read B Group Capital (instead of B Capital Group).


The updated release reads:

FAETH THERAPEUTICS’ $92 MILLION TOTAL FUNDING POWERS PIKTOR PHASE 2 FOLLOWING 80% RESPONSE RATE IN ENDOMETRIAL CANCER

New $25 million raise advances multi-node PI3K program; randomized phase 2 trial with Gynecologic Oncology Group Foundation now enrolling

Faeth Therapeutics, a clinical-stage biotechnology company advancing therapies that systematically target tumor metabolism, today announced the advancement of its lead PIKTOR regimen in endometrial cancer and a $25 million strategic raise, bringing total capital raised to $92 million. The financing was led by S2G Investments with participation from existing investors Khosla Ventures, Future Ventures, Digitalis Ventures, KdT Ventures and Cantos, plus new investors B Group Capital, Avicella and THO Seed Fund. Clinical data from sapanisertib in combination with paclitaxel, one component of the PIKTOR regimen, have been selected for a late-breaking oral presentation at the ESMO 2025 Congress.

Faeth’s phase 1b study of serabelisib + sapanisertib (“PIKTOR”) with paclitaxel demonstrated an 80% overall response rate in endometrial cancer patients, with a median progression-free survival of 11 months versus historical 3-4 months with chemotherapy alone. The strength of these results led the Gynecologic Oncology Group (GOG) Foundation, one of the premier U.S. clinical trial networks, to initiate a phase 2 trial (GOG-3111; NCT06463028), now enrolling patients. The study also includes a predefined substudy testing whether protocolized insulin control under trial conditions through precision nutrition enhances clinical outcomes.

Endometrial cancer is one of the highest-need solid tumors and illustrates how Faeth’s approach can change outcomes in diseases where PI3K/AKT/mTOR are implicated. This signaling axis is among the most frequently altered across solid tumors, including endometrial, breast, lung, and ovarian. Current single-node inhibitors often fail due to feedback reactivation and mutations elsewhere in the pathway that limit durability. These inhibitors can only target a small fraction of patients with pathway mutations.

Faeth’s approach is different: it delivers selective multi-node inhibition at PI3Kα, mTORC1, and mTORC2 while controlling the nutrient supply tumors depend on. Multi-node inhibition of the PI3K/AKT/mTOR pathway has already shown clinical benefit in phase 3 studies, confirming the value of pathway-level control in both mutant and wild-type tumors. Faeth’s selective approach builds on this validation while targeting specific nodes to improve the therapeutic window compared to pan-pathway inhibitors, offering less toxic, more convenient treatment options. In preclinical models, this multi-node approach achieved more complete pathway shutdown than single-agent inhibition.

“We’ve achieved the optimal balance in PI3K pathway inhibition, comprehensive enough to prevent resistance, selective enough to avoid immunosuppression,” said Anand Parikh, CEO of Faeth Therapeutics. “The 80% response rate, 11-month progression-free survival, initiation of a trial by the GOG Foundation, and recognition as a late-breaking oral presentation at ESMO show that Faeth is executing as a clinical-stage company positioned to expand across the solid tumors where PI3K alterations drive disease.”

“I believe recent phase 3 studies are showing validation of multi-node targeting,” said S2G Managing Partner Sanjeev Krishnan. “In my view, insider participation in this financing reflects conviction in Faeth’s progress, while new investors recognize metabolism as a category entering the clinic. Based on emerging evidence, Faeth’s selective multi-node approach appears well suited to capture value as metabolism gains recognition as a potential new pillar of cancer treatment.”

The $25 million will advance the phase 2 endometrial cancer program through a full data readout in Q3 2026 and expand throughput for the company’s MetabOS™ platform. The financing also supports a phase 1 study in locally advanced rectal cancer for Faeth’s non-essential amino acid restricted program and initiation of Faeth’s first non-oncology program in Hereditary Tyrosinemia Type 1 (HT1), a rare pediatric metabolic disorder, with IND-enabling studies targeting Q4 2026 clinical entry.

Beyond blocking growth signals, Faeth’s approach recognizes that tumors have significantly elevated metabolic demands and require specific nutrients to survive. The MetabOS platform integrates genomic, gene expression, and tumor microenvironment data to identify metabolic dependencies and exploit them clinically. Funding will expand MetabOS throughput, enabling Faeth to simulate and validate more regimens designed to address metabolic escape.

“If the cell is the unit of life, then metabolism is the first verb in its sentence,” said Siddhartha Mukherjee, co-founder of Faeth Therapeutics. “Faeth is intervening where cellular decisions are made fastest: at the metabolic switches tumors rely on to adapt, long before mutations accumulate. That is why metabolism is emerging alongside the genome and immunogenicity as a therapeutic discipline.”

In addition to its oncology programs, Faeth has initiated translational work to treat HT1, an ultra-rare disorder affecting 1 in 100,000 births, where toxic metabolites accumulate due to an enzyme deficiency. While current treatment prevents liver failure, patients still face unmet medical needs. The company is applying MetabOS to develop metabolic therapeutic approaches for this condition. This program is the first demonstration of MetabOS applied outside of oncology and establishes the platform’s ability to identify and address metabolic dependencies across diseases.

About Faeth Therapeutics

Faeth Therapeutics is a clinical-stage biotechnology company developing multi-node therapies that block cancer growth signals while controlling tumor fuel supply, leveraging its AI-driven MetabOS™ platform to identify and exploit metabolic dependencies. In addition to advancing multiple solid-tumor studies, Faeth is advancing a translational program in Hereditary Tyrosinemia Type 1 (HT1), the first example of how its approach can extend beyond oncology into rare diseases. Founded in 2019 by leading researchers including Lewis Cantley, PhD, Siddhartha Mukherjee, MD, DPhil, Karen Vousden, PhD, Scott Lowe, PhD, and Greg Hannon, PhD, the company has raised $92 million from S2G Investments, Khosla Ventures, Future Ventures, Digitalis Ventures, KdT Ventures, Cantos, Avicella, THO Seed Fund, and B Group Capital. For more information, visit faeththerapeutics.com.

Contacts

Media Contact

Patrick Schmidt
faeththerapeutics@consortpartners.com

Investor Contact

Stephanie.ascher@precisionaq.com

Successful Patient Outcomes Demonstrated With Edwards’ SAPIEN M3 and EVOQUE Systems, New Data Presented at TCT 2025

Successful Patient Outcomes Demonstrated With Edwards’ SAPIEN M3 and EVOQUE Systems, New Data Presented at TCT 2025




Successful Patient Outcomes Demonstrated With Edwards’ SAPIEN M3 and EVOQUE Systems, New Data Presented at TCT 2025

ENCIRCLE mitral trial achieves primary and secondary endpoints

EVOQUE tricuspid valve registry demonstrates more favorable outcomes than pivotal trial

SAN FRANCISCO–(BUSINESS WIRE)–Edwards Lifesciences (NYSE: EW) today announced data demonstrating successful patient outcomes supporting its portfolio of mitral and tricuspid therapies. One-year data from the ENCIRCLE single-arm pivotal trial achieved all primary and secondary endpoints for safety and effectiveness, with outcomes simultaneously published in The Lancet. Thirty-day data from the EVOQUE system STS/ACC TVT Registry, the largest real-world transcatheter tricuspid valve replacement (TTVR) dataset, outperformed results from the TRISCEND II pivotal trial. These data were presented during late-breaking sessions at Transcatheter Cardiovascular Therapeutics (TCT), the annual scientific symposium of the Cardiovascular Research Foundation.


ENCIRCLE Pivotal Trial Results

One-year outcomes in the ENCIRCLE trial’s main cohort (299 patients unsuitable for other treatment options) achieved low rates for death and low heart failure hospitalization for patients treated with the SAPIEN M3 transfemoral transcatheter mitral valve replacement (TMVR) system. Further, patients receiving the SAPIEN M3 valve therapy achieved substantial mitral regurgitation (MR) elimination (95.7% MR ≤ 0/1+) and significant improvements in symptoms and quality-of-life.

“Mitral regurgitation is highly prevalent. Many patients do not have good treatment options for mitral intervention, and therefore too many are left untreated. These patients often experience symptoms that are life threatening and significantly impact their quality-of-life,” said David Daniels, M.D., Sutter West Bay Medical Group cardiologist, principal investigator and structural heart section chief of Sutter’s Heart & Vascular Service Line. “These ENCIRCLE trial data demonstrate the near elimination of significant mitral regurgitation, drastically improved quality-of-life, and a very low 30-day mortality in patients receiving a fully percutaneous mitral valve replacement using the SAPIEN M3 system. This is a significant step forward in the treatment of these patients.”

EVOQUE TTVR System STS/ACC TVT Registry Data

With data from 1,034 patients evaluated, findings from the EVOQUE TTVR system STS/ACC TVT Registry demonstrated a positive real-world safety profile across a broad tricuspid patient population. This includes lower reported pacemaker rates (14.9%) and very low major or life-threatening bleeding rates (1.3%) at 30 days compared to the TRISCEND II pivotal trial experience. Additionally, almost all patients experienced tricuspid regurgitation (TR) elimination (98% TR ≤ 0/1+) and were discharged to home after a median stay of two days post-procedure.

“We now have established a comprehensive portfolio of mitral and tricuspid repair and replacement technologies to ensure patients can receive the right therapy to meet their unique needs,” said Daveen Chopra, Edwards’ corporate vice president, transcatheter mitral and tricuspid therapies. “The depth and breadth of evidence across our therapies reinforces the compounding value our innovations continue to deliver for patients, physicians and the healthcare system.”

The SAPIEN M3 system was approved in Europe in April 2025 and is not yet approved in the US. The EVOQUE system is approved in both the US and Europe.

About Edwards Lifesciences

Edwards Lifesciences is the leading global structural heart innovation company, driven by a passion to improve patient lives. Through breakthrough technologies, world-class evidence and partnerships with clinicians and healthcare stakeholders, our employees are inspired by our patient-focused culture to deliver life-changing innovations to those who need them most. Discover more at www.edwards.com and follow us on LinkedIn, Facebook, Instagram and YouTube.

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements made by Mr. Chopra and statements regarding expected product benefits, patient outcomes, including quality of life and length of stay, value delivered to patients, physicians and the healthcare system and expectations and other statements that are not historical facts. Forward-looking statements are based on estimates and assumptions made by management of the company and are believed to be reasonable, though they are inherently uncertain and difficult to predict. Our forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. Investors are cautioned not to unduly rely on such forward-looking statements.

Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those expressed or implied by the forward-looking statements based on a number of factors as detailed in the company’s filings with the Securities and Exchange Commission. These filings, along with important safety information about our products, may be found at Edwards.com.

Edwards, Edwards Lifesciences, the stylized E logo, ENCIRCLE, EVOQUE, SAPIEN, SAPIEN M3, TRISCEND, and TRISCEND II are trademarks of Edwards Lifesciences Corporation. All other trademarks are the property of their respective owners.

Contacts

Media Contact: Loree Bowen, 714-403-2475

Investor Contact: Mark Wilterding, 949-250-6826

Ferring Pharmaceuticals Presents Two New Analyses of Pivotal Trial Data for Follitropin Delta (FE 999049) at ASRM 2025

Ferring Pharmaceuticals Presents Two New Analyses of Pivotal Trial Data for Follitropin Delta (FE 999049) at ASRM 2025




Ferring Pharmaceuticals Presents Two New Analyses of Pivotal Trial Data for Follitropin Delta (FE 999049) at ASRM 2025

  • Analyses from the two Phase 3 RITA trials evaluate both the suitability of age-based dosing as well as the tolerability of treatment with follitropin delta in women undergoing controlled ovarian stimulation.
  • Ferring’s long-standing commitment to helping people build families is illustrated through the company’s investment in developing innovative potential treatment options that advance the science of reproductive medicine.

PARSIPPANY, N.J.–(BUSINESS WIRE)–Ferring Pharmaceuticals announced today positive, new data for follitropin delta (FE 999049), an investigational-stage human recombinant follicle stimulating hormone (rFSH) being studied for the development of multiple follicles and pregnancy in ovulatory women undergoing fresh or frozen embryo transfer as part of an assisted reproductive technology (ART) cycle. These data were presented at the Annual Meeting of the American Society for Reproductive Medicine (ASRM) (October 25-29; San Antonio, Texas).


The analyses are based on the full data set from the RITA (Recombinant FSH Investigation in the Treatment of Infertility with Assisted Reproductive Technology) clinical trials, the first randomized, double-blind, placebo-controlled registrational trials (n=1,165) of follitropin delta in women undergoing controlled ovarian stimulation for ART in the United States. The primary endpoint was cumulative ongoing pregnancy rate (≥1 intrauterine viable fetus at 8 to 9 weeks after transfer, confirmed by abdominal or transvaginal ultrasound) after fresh or cryopreserved cycles initiated within 12 months of start of ovarian stimulation. The full findings from both the RITA-1 and RITA-2 trials were recently published in Fertility & Sterility.1

“With one in six people worldwide impacted by infertility, there is a critical need to develop new and novel treatment approaches that help physicians customize ART protocols for their patients,” said Michael D. Scheiber, M.D., M.P.H., reproductive endocrinologist and infertility specialist, Institute for Reproductive Health, Cincinnati, Ohio. “The RITA trials are unique in studying cumulative ongoing pregnancy rates and live birth rates as primary and secondary endpoints to help capture the total reproductive potential of a single gonadotropin stimulation cycle for IVF. The clinical profile, combined with the novel pharmaceutical aspects of follitropin delta, help possibly to establish an evolved treatment paradigm for patients and provides strong evidence for its use, if approved, for controlled ovarian stimulation in clinical practice in the U.S.”

Follitropin delta met its primary endpoint in both trials. The cumulative ongoing pregnancy rate with follitropin delta after 12 study months was 64.0% (p<0.001) [95% CI: 56.9% to 68.1%] in RITA-1 and 43.9% (p<0.001) [95% CI: 37.0% to 48.2%] in RITA-2; no pregnancies occurred in the placebo group. The pooled incidence of adverse drug reactions with follitropin delta was 12.0%, compared with 3.7% for placebo. The most frequently reported adverse drug reactions were pelvic discomfort (4.7%), ovarian hyperstimulation syndrome (3.0%), pelvic pain (1.5%), nausea (1.5%), headache (1.4%), and fatigue (1.2%). Most reactions were mild, with only 0.1% rates as moderate or severe with either follitropin delta or placebo.

One analysis presented at ASRM demonstrated the feasibility of age-based microgram (μg) dosing with follitropin delta. Women in the follitropin delta group (n=1,058) received a fixed starting dose of either 12 μg/d (n=525; aged <35 years, RITA-1) or 15 μg/d (n=533; aged ≥35 years, RITA-2) for the first four stimulation days. Based on responses and at the judgment of investigators, dosing could be increased or decreased in 3 μg dose adjustments, with a minimum and maximum daily dose of 6 μg and 24 μg, respectively. In the RITA-1 trial, 55.8% of patients and 50.7% of patients in RITA-2 did not require follitropin delta dose adjustments during ovarian stimulation. The RITA trials confirmed the suitability of these two starting doses based on age.2

The second analysis presented characterized the overall tolerability of follitropin delta. Study participants assessed injection site reactions immediately, 30 minutes and 24 hours after injection. The frequency of injection site reactions after administration across all timepoints was generally low (4.2% across RITA-1 and RITA-2) and comparable to placebo (4.9%). The most common injection site reactions were redness, bruising and pain – with most assessing site reactions as mild. These findings demonstrate high tolerability using a sub-cutaneous injection via a pre-filled pen.3

“Ferring is deeply committed to advancing the science of reproductive medicine to help more people, who are challenged in their family building journey, become parents,” said Olga Tarasova, M.D., MBA, U.S. Chief Medical Officer, Ferring Pharmaceuticals. “We are thrilled to share these important new data analyses that support the potential benefits of follitropin delta. With the growing demand for ART services, Ferring is focused on helping to address this treatment need in fertility care.”

Follitropin delta (FE 999049) is approved under the brand name Rekovelle® in the European Union, Canada, Australia, Switzerland, Japan, and other global markets. It is not currently approved in the United States.

About Ferring Pharmaceuticals

Ferring Pharmaceuticals is a privately-owned, specialty biopharmaceutical group committed to building families and helping people live better lives. In the United States, Ferring is a leader in reproductive medicine, and in areas of gastroenterology and orthopaedics. We are at the forefront of innovation in microbiome-based therapeutics and uro-oncology intravesical gene therapy. The company was founded in 1950 and is headquartered in Saint-Prex, Switzerland. Ferring employs more than 7,000 people worldwide and markets its medicines in over 100 countries. Ferring USA is based in Parsippany, New Jersey, and employs more than 900 employees.

For more information, please visit www.ferringusa.com, call 1-888-FERRING (1-888-337-7464), or connect with us on LinkedIn, and X.

About Follitropin Delta (FE 999049)

Follitropin delta (FE 999049) is an investigational-stage human recombinant follicle stimulating hormone (rFSH) being studied for the development of multiple follicles and pregnancy in ovulatory women undergoing fresh or frozen embryo transfer as part of an assisted reproductive technology (ART) cycle.

References:

  1. Scheiber M, Doody KJ, Foster ED, Grover SA, et al. Ovarian stimulation with follitropin delta is safe and effective: results from the RITA randomized, double-blind, placebo-controlled trials. Fertil Steril. 10.1016/j.fertnstert.2025.07.032. Available at: https://www.fertstert.org/article/S0015-0282(25)00605-3/fulltext.
  2. Hirshfeld-Cytron J, Uhler ML, Grover SA, Foster, ED, et al. American Society for Reproductive Medicine Annual Meeting Abstract. Evaluation of FE 999049 Dosage Suitability in United States (US) Women Undergoing Controlled Ovarian Stimulation, a RITA Trial Analysis (P-47). Presented on October 27, 2025. Available at: https://asrm.confex.com/asrm/2025/meetingapp.cgi/Paper/28093.
  3. Schnell VL, Brenner A, Grover SA, Foster ED, et al. American Society for Reproductive Medicine Annual Meeting Abstract. Characterization of FE 999049 Tolerability in United States (US) Women Undergoing Controlled Ovarian Stimulation, a RITA Trial Analysis (P-77) Available at: https://asrm.confex.com/asrm/2025/meetingapp.cgi/Paper/28253.

Contacts

Lisa Perdomo
Director, Brand Communications
(862) 286-5769 (direct)

(862) 341-9820 (mobile)

lisa.perdomo@ferring.com

New Montreal Biotech LifeLore Pathways Launches to Accelerate Microbial Innovation

New Montreal Biotech LifeLore Pathways Launches to Accelerate Microbial Innovation




New Montreal Biotech LifeLore Pathways Launches to Accelerate Microbial Innovation

MONTREAL–(BUSINESS WIRE)–Proventus Bioscience, a recognized leader in industrial microbial fermentation, announces the launch of LifeLore Pathways, a new independent biotech company based in Montreal. Fully focused on early-stage life sciences innovation, LifeLore supports the rapid development of tailor-made microbial solutions in health, nutrition, and environmental applications.


While Proventus specializes in mature, large-scale projects, LifeLore operates upstream where promising concepts still require validation, formulation, and functional proof. Designed for speed and flexibility, the company provides the scientific infrastructure needed to secure and accelerate early-stage biological innovation.

A market shift towards biological alternatives

Microbial science is now central to innovation strategies in nutraceuticals, cosmetics, regenerative agriculture, and waste management. Thanks to advances in strain characterization and stabilization, applications like next-gen probiotics, pharmaceutical postbiotics, soil bioactivators, and functional food ingredients are rapidly moving from lab to market.

We’re seeing a convergence between what technology enables and what the market demands,” explains Vincent DeLorenzo, founder of Proventus Bioscience. Companies want to innovate faster, consumers demand natural and effective products, and regulators are steering the industry toward biological alternatives. LifeLore Pathways sits at this crossroads.

A technical partner for high-stakes early-stage projects

LifeLore operates from a GMP-compliant lab facility in Montreal, designed to produce small-scale microbial batches for formulation, stability testing, and pilot trials. These early-stage lots support proof-of-concept, regulatory filings, and field validation without the need for immediate industrial scale-up.

The company offers flexible collaboration models: fee-for-service, co-development, or early-stage licensing, always with clear deliverables and scientific oversight.

“When you’re working with living systems, two things matter most: scientific rigor and trust,” adds Vincent DeLorenzo. “LifeLore is built on both with strict IP protections and a team that understands both the science and the business.”

Sector focus and global ambitions

LifeLore focuses on accelerating the transition to sustainable medicines, enzymes, and alternative proteins by combining deep bioscience, intelligent automation, and rigorous quality systems making breakthrough bioprocesses as dependable as legacy chemistry.

Its primary application areas include:

  • Biologics & enzymes such as recombinant cytokines, diagnostic enzymes, vaccine antigens, and RNA polymerases.
  • Precision-fermented food proteins including casein, egg-white albumen, collagen peptides, and heme analogues.
  • Industrial & specialty ferments like biopolymer precursors, bioremediation enzymes, and agricultural biologicals.

Based in Montreal’s thriving biotech ecosystem, LifeLore is also preparing for expansion across Europe and Latin America, where demand for agile microbial development partners is rapidly accelerating.

Experience LifeLore : Press visits, October to November 2025

Step inside one of Canada’s most advanced microbial fermentation facilities.

During this guided visit, journalists will explore the heart of LifeLore’s labs, meet the scientists behind the innovation, and discover how microbes are redefining the future of health, nutrition, and sustainability.

To register for a visit or request an interview, please contact: julie@sunzi.be

About LifeLore Pathways

Founded in 2025, LifeLore Pathways is an independent biotech company specializing in the agile development of microbial solutions for the health, nutrition, and environmental sectors. The company helps innovators bridge the gap between discovery and commercialization through modular, science-driven collaboration.

Contacts

Media
Julie Dessart

Communication consultant

Email : julie@sunzi.be
Website: www.lifelorepathways.ca

U.S. FDA Approves Updated Indication for WINREVAIR™ (sotatercept-csrk) in Adults with Pulmonary Arterial Hypertension (PAH, WHO* Group 1 Pulmonary Hypertension) Based on Phase 3 ZENITH Study

U.S. FDA Approves Updated Indication for WINREVAIR™ (sotatercept-csrk) in Adults with Pulmonary Arterial Hypertension (PAH, WHO* Group 1 Pulmonary Hypertension) Based on Phase 3 ZENITH Study




U.S. FDA Approves Updated Indication for WINREVAIR™ (sotatercept-csrk) in Adults with Pulmonary Arterial Hypertension (PAH, WHO* Group 1 Pulmonary Hypertension) Based on Phase 3 ZENITH Study

Adding WINREVAIR to background PAH therapy improved exercise capacity and WHO functional class (FC), and reduced the risk of clinical worsening events, including hospitalization for PAH, lung transplantation and death

ZENITH data add to growing body of evidence supporting a positive benefit risk profile of WINREVAIR in a broad range of adult patients with PAH

RAHWAY, N.J.–(BUSINESS WIRE)–Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced that the U.S. Food and Drug Administration (FDA) has approved an update to the U.S. product label based on the Phase 3 ZENITH trial for WINREVAIR™ (sotatercept-csrk) for injection, 45mg, 60mg. WINREVAIR, an activin signaling inhibitor, is now FDA-approved for the treatment of adults with pulmonary arterial hypertension (PAH, WHO Group 1 pulmonary hypertension) to improve exercise capacity and WHO functional class (FC), and reduce the risk of clinical worsening events, including hospitalization for PAH, lung transplantation and death. WINREVAIR was initially approved based on the pivotal STELLAR study in March 2024. Today’s approval expanded the indication of WINREVAIR to include components of the clinical worsening events: hospitalization for PAH, lung transplantation and death.


In ZENITH (N=172; 86 WINREVAIR, 86 placebo), adding WINREVAIR to background therapy demonstrated a statistically significant and clinically meaningful 76% reduction in the risk of major morbidity and mortality outcomes in adults with PAH WHO functional class III or IV compared to placebo (HR: 0.24; 95% CI: 0.13, 0.43; p<0.0001). The trial’s composite primary efficacy endpoint events — time to first occurrence of all-cause death, lung transplantation or PAH-worsening hospitalization of ≥24 hours — occurred in 15 WINREVAIR-treated participants (17%) versus 47 placebo-treated participants (55%). Due to overwhelming efficacy based on the primary endpoint result, the ZENITH trial was stopped early at the interim analysis and patients were offered the opportunity to receive WINREVAIR through an open-label long-term follow-up study.

“For patients with PAH, the risk of serious events such as hospitalization, transplantation or death remains unacceptably high despite being maximally treated with traditional therapies,” said Dr. Vallerie McLaughlin**, Kim A Eagle MD Endowed Professor of Cardiovascular Medicine and Director, Pulmonary Hypertension Program, University of Michigan in Ann Arbor. “Results from the pivotal ZENITH trial add to the growing body of data and support the potential for WINREVAIR as standard of care.”

Healthcare providers should monitor hemoglobin and platelets before each dose of WINREVAIR for the first 5 doses, or longer if values are unstable, and periodically thereafter to determine if dose adjustments are required. WINREVAIR may increase hemoglobin and may lead to erythrocytosis, which if severe may increase the risk of thromboembolic events or hyperviscosity syndrome. WINREVAIR also may decrease platelet count and lead to severe thrombocytopenia, which may increase the risk of bleeding; thrombocytopenia occurred more frequently in patients also receiving prostacyclin infusion. Treatment should not be initiated if platelet count is <50,000/mm3. See additional Selected Safety Information below.

The most common adverse reactions (≥10% for WINREVAIR and at least 5% more than placebo) in ZENITH were infections (67.4% vs 44.2%), epistaxis (45.3% vs 9.3%), diarrhea (25.6% vs 17.4%), telangiectasia (25.6% vs 3.5%), increased hemoglobin (15.1% vs 1.2%), rash (10.5% vs 4.7%), erythema (10.5% vs 3.5%) and gingival bleeding (10.5% vs 2.3%).The median duration of exposure was longer in the WINREVAIR group (435 days) than in the placebo group (268 days). In the WINREVAIR group, 1 patient (1%) discontinued study intervention due to an adverse event, compared with 4 patients (5%) in the placebo group.

“Merck’s leadership in PAH research is anchored in a comprehensive clinical program that continues to advance science and deliver meaningful evidence for physicians and patients,” said Dr. Joerg Koglin, senior vice president, global clinical development, Merck Research Laboratories. “This approval represents another step forward in our mission to deliver on the promise of WINREVAIR, an activin signaling inhibitor with an indication recognizing its impact to adult patients with PAH on the risk of clinical worsening events, including death, lung transplantation and PAH hospitalization.”

*World Health Organization

**Dr. McLaughlin is a member of the adult sotatercept steering committee, an investigator in the ZENITH study and a paid consultant to Merck.

About ZENITH

The ZENITH study (NCT04896008) was a global, double-blind, placebo-controlled, multicenter, parallel-group clinical trial in which 172 adult participants with PAH (WHO FC III or IV) at high risk of mortality were randomized in a 1:1 ratio to either WINREVAIR (target dose 0.7 mg/kg) (n=86) plus background PAH therapy or placebo (n=86) plus background PAH therapy administered subcutaneously once every 3 weeks.

The most common PAH etiologies were idiopathic PAH (50%), PAH associated with connective tissue diseases (CTD) (28%), and heritable PAH (11%). The mean time since PAH diagnosis to screening was 8 years. The study excluded patients diagnosed with human immunodeficiency virus (HIV)-associated PAH, PAH associated with portal hypertension, pulmonary veno-occlusive disease, or pulmonary capillary hemangiomatosis or overt signs of capillary and/or venous involvement. Participants were on background PAH treatment, 72% on triple therapy, 28% on double therapy and 59% on prostacyclin infusion therapy. There were more participants in WHO FC III (74%) compared to WHO FC IV (26%). The REVEAL Lite 2 risk score was <9 for 2% of participants, 9 to 10 for 67% of participants and ≥11% for 30% of participants. The primary efficacy endpoint was time to first confirmed major morbidity or mortality event. Events were defined as all-cause death, lung transplantation or PAH worsening-related hospitalization of ≥24 hours. Secondary endpoints included overall survival and several additional measures.

About WINREVAIR™ (sotatercept-csrk) for injection, for subcutaneous use, 45 mg, 60 mg

WINREVAIR is FDA-approved for the treatment of adults with pulmonary arterial hypertension (PAH, WHO Group 1 pulmonary hypertension) to improve exercise capacity and World Health Organization (WHO) functional class (FC), and reduce the risk of clinical worsening events, including hospitalization for PAH, lung transplantation and death. WINREVAIR is the first activin signaling inhibitor therapy approved to treat PAH. WINREVAIR improves the balance between pro-proliferative and anti-proliferative signaling to modulate vascular proliferation. In preclinical models, WINREVAIR induced cellular changes that were associated with thinner vessel walls, partial reversal of right ventricular remodeling and improved hemodynamics.

WINREVAIR is the subject of a licensing agreement with Bristol Myers Squibb.

Selected Safety Information

WINREVAIR may increase hemoglobin (Hgb). Severe erythrocytosis may increase the risk of thromboembolic events or hyperviscosity syndrome. Monitor Hgb before each dose for the first 5 doses, or longer if values are unstable, and periodically thereafter, to determine if dose adjustments are required.

WINREVAIR may decrease platelet count. Severe thrombocytopenia may increase the risk of bleeding. Thrombocytopenia occurred more frequently in patients also receiving prostacyclin infusion. Do not initiate treatment if platelet count is <50,000/mm3. Monitor platelets before each dose for the first 5 doses, or longer if values are unstable, and periodically thereafter to determine whether dose adjustments are required.

In clinical studies, serious bleeding (e.g., gastrointestinal, intracranial hemorrhage) was reported in 4% vs 1% (STELLAR) and 7% vs 5% (ZENITH) of patients taking WINREVAIR vs placebo, respectively. Patients with serious bleeding were more likely to be on prostacyclin background therapy and/or antithrombotic agents, or have low platelet counts. Advise patients about signs and symptoms of blood loss. Evaluate and treat bleeding accordingly. Do not administer WINREVAIR if the patient is experiencing serious bleeding.

WINREVAIR may cause fetal harm when administered to a pregnant woman. Advise pregnant women of the potential risk to a fetus. Advise females of reproductive potential to use an effective method of contraception during treatment with WINREVAIR and for at least 4 months after the final dose. Pregnancy testing is recommended for females of reproductive potential before starting WINREVAIR treatment.

Based on findings in animals, WINREVAIR may impair female and male fertility. Advise patients on the potential effects on fertility.

The most common adverse reactions (≥10% for WINREVAIR and at least 5% more than placebo) occurring in the STELLAR Phase 3 clinical trial were headache (24.5% vs 17.5%), epistaxis (22.1% vs 1.9%), rash (20.2% vs 8.1%), telangiectasia (16.6% vs 4.4%), diarrhea (15.3% vs 10.0%), dizziness (14.7% vs 6.3%) and erythema (13.5% vs 3.1%). The most common adverse reactions in the ZENITH trial were infections (67.4% vs 44.2%), epistaxis (45.3% vs 9.3%), diarrhea (25.6 % vs 17.4%), telangiectasia (25.6 % vs 3.5%), increased hemoglobin (15.1% vs 1.2%), rash (10.5% vs 4.7%), erythema (10.5% vs 3.5%) and gingival bleeding (10.5% vs 2.3%).

Because of the potential for serious adverse reactions in the breastfed child, advise patients that breastfeeding is not recommended during treatment with WINREVAIR, and for 4 months after the final dose.

About Merck

At Merck, known as MSD outside of the United States and Canada, we are unified around our purpose: We use the power of leading-edge science to save and improve lives around the world. For more than 130 years, we have brought hope to humanity through the development of important medicines and vaccines. We aspire to be the premier research- intensive biopharmaceutical company in the world – and today, we are at the forefront of research to deliver innovative health solutions that advance the prevention and treatment of diseases in people and animals. We foster a diverse and inclusive global workforce and operate responsibly every day to enable a safe, sustainable and healthy future for all people and communities. For more information, visit www.merck.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.

Forward-Looking Statement of Merck & Co., Inc., Rahway, N.J., USA

This news release of Merck & Co., Inc., Rahway, N.J., USA (the “company”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. There can be no guarantees with respect to pipeline candidates that the candidates will receive the necessary regulatory approvals or that they will prove to be commercially successful. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2024 and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).

Please see Prescribing Information for WINREVAIR (sotatercept-csrk) at http://www.merck.com/product/usa/pi_circulars/w/winrevair/winrevair_pi.pdf, Patient Information for WINREVAIR at http://www.merck.com/product/usa/pi_circulars/w/winrevair/winrevair_ppi.pdf, and Instructions for Use for WINREVAIR (1-vial kit, 2-vial kit) at http://www.merck.com/product/usa/pi_circulars/w/winrevair/winrevair_ifu_1-vial_2-vial_kits.pdf.

Contacts

Media Contacts:

Olivia Finucane

+44 7881 262476

Nikki Lupinacci

(718) 644-0730

Investor Contacts:

Peter Dannenbaum

(732) 594-1579

Ayn Wisler

(917) 691-6218

Revvity Announces Financial Results for the Third Quarter of 2025

Revvity Announces Financial Results for the Third Quarter of 2025




Revvity Announces Financial Results for the Third Quarter of 2025

  • Revenue of $699 million; 2% reported growth; 1% organic growth
  • GAAP EPS of $0.40; Adjusted EPS from continuing operations of $1.18
  • Reaffirms full year 2025 organic growth and raises adjusted EPS guidance
  • Authorizes new $1 billion share repurchase program

WALTHAM, Mass.–(BUSINESS WIRE)–Revvity, Inc. (NYSE: RVTY), today reported financial results for the third quarter ended September 28, 2025.


The Company reported GAAP earnings per share of $0.40, as compared to $0.77 in the same period a year ago. Revenue for the quarter was $699 million, as compared to $684 million in the same period a year ago. GAAP operating income from continuing operations for the quarter was $82 million, as compared to $98 million for the same period a year ago. GAAP operating profit margin from continuing operations was 11.7% as a percentage of revenue, as compared to 14.3% in the same period a year ago.

Adjusted earnings per share from continuing operations for the quarter was $1.18, as compared to $1.28 in the same period a year ago. Adjusted operating income was $182 million, as compared to $193 million for the same period a year ago. Adjusted operating profit margin was 26.1% as a percentage of revenue, as compared to 28.3% in the same period a year ago.

Adjustments for the Company’s non-GAAP financial measures have been noted in the attached reconciliations.

“We performed well during the third quarter as a number of key innovations and strategic partnerships have begun to come to fruition,” said Prahlad Singh, president and chief executive officer of Revvity. “Our strong level of execution is positioning the Company for even greater success in 2026 and beyond.”

Share Repurchase Authorization

The Company’s Board of Directors has authorized a new two-year $1 billion share repurchase program which replaces the remainder of the prior repurchase program which was announced in October 2024.

Financial Overview by Reporting Segment

Life Sciences

  • Third quarter 2025 revenue was $343 million, as compared to $339 million in the same period a year ago. Revenue increased 1% and organic revenue was flat as compared to the same period a year ago.
  • Third quarter 2025 adjusted operating income was $101 million, as compared to $111 million in the same period a year ago. Adjusted operating profit margin was 29.5% as a percentage of revenue, as compared to 32.6% in the same period a year ago.

Diagnostics

  • Third quarter 2025 revenue was $356 million, as compared to $345 million in the same period a year ago. Revenue increased 3% and organic revenue increased 2% as compared to the same period a year ago.
  • Third quarter 2025 adjusted operating income was $89 million, as compared to $94 million in the same period a year ago. Adjusted operating profit margin was 25.1% as a percentage of revenue, as compared to 27.2% in the same period a year ago.

Full Year 2025 Guidance

For the full year 2025, the Company is updating its full year revenue guidance to $2.83-$2.88 billion to reflect recent changes in foreign currency exchange rates and is reaffirming its organic growth guidance of 2% to 4%. The Company is also raising its adjusted EPS guidance to a range of $4.90 to $5.00.

Guidance for the full year 2025 for adjusted EPS and organic growth is provided on a non-GAAP basis and cannot be reconciled to the closest GAAP measures without unreasonable effort due to the unpredictability of the amounts and timing of events affecting the items the Company excludes from these non-GAAP measures. The timing and amounts of such events and items could be material to the Company’s results prepared in accordance with GAAP.

Webcast Information

The Company will discuss its third quarter 2025 results and its outlook for business trends during a webcast on October 27, 2025, at 8:00 a.m. Eastern Time. A live audio webcast and presentation will be available on the Investors section of the Company’s website, ir.revvity.com.

Use of Non-GAAP Financial Measures

In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings announcement also contains non-GAAP financial measures. The reasons that we use these measures, a reconciliation of these measures to the most directly comparable GAAP measures, and other information relating to these measures are included below following our GAAP financial statements.

Factors Affecting Future Performance

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to estimates and projections of future earnings per share, cash flow and revenue growth and other financial results, developments relating to our customers and end-markets, and plans concerning business development opportunities, acquisitions and divestitures. Words such as “believes”, “intends”, “anticipates”, “plans”, “expects”, “estimates”, “projects”, “forecasts”, “will” and similar expressions, and references to guidance, are intended to identify forward-looking statements. Such statements are based on management’s current assumptions and expectations and no assurances can be given that our assumptions or expectations will prove to be correct. A number of important risk factors could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements. These factors include, without limitation: (1) markets into which we sell our products declining or not growing as anticipated; (2) fluctuations in the global economic and political environments, including as the result of recently implemented and recently threatened tariff increases; (3) our failure to introduce new products in a timely manner; (4) our ability to execute acquisitions and divestitures, license technologies, or to successfully integrate acquired businesses or licensed technologies into our existing businesses or to make them profitable; (5) our ability to compete effectively; (6) fluctuation in our quarterly operating results and our ability to adjust our operations to address unexpected changes; (7) significant disruption in third-party package delivery and import/export services or significant increases in prices for those services; (8) disruptions in the supply of raw materials and supplies; (9) our ability to retain key personnel; (10) significant disruption in our information technology systems, or cybercrime; (11) our ability to realize the full value of our intangible assets; (12) our failure to adequately protect our intellectual property; (13) the loss of any of our licenses or licensed rights; (14) the manufacture and sale of products exposing us to product liability claims; (15) our failure to maintain compliance with applicable government regulations; (16) our failure to comply with data privacy and information security laws and regulations; (17) regulatory changes; (18) our failure to comply with healthcare industry regulations; (19) economic, political and other risks associated with foreign operations; (20) our ability to obtain future financing; (21) restrictions in our credit agreements; (22) significant fluctuations in our stock price; (23) reduction or elimination of dividends on our common stock; and (24) other factors which we describe under the caption “Risk Factors” in our most recent quarterly report on Form 10-Q and in our other filings with the Securities and Exchange Commission. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

About Revvity

At Revvity, “impossible” is inspiration, and “can’t be done” is a call to action. Revvity provides health science solutions, technologies, expertise and services that deliver complete workflows from discovery to development, and diagnosis to cure. Revvity is revolutionizing what’s possible in healthcare, with specialized focus areas in translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, informatics and more.

With 2024 revenue of more than $2.7 billion and approximately 11,000 employees, Revvity serves customers across pharmaceutical and biotech, diagnostic labs, academia and governments. It is part of the S&P 500 index and has customers in more than 160 countries.

Stay updated by following our Newsroom, LinkedIn, X, YouTube, Facebook and Instagram.

Revvity, Inc. and Subsidiaries

CONDENSED CONSOLIDATED INCOME STATEMENTS

 

 

 

Three Months Ended

 

Nine Months Ended

(In thousands, except per share data)

 

September 28,
2025

 

September 29,
2024

 

September 28,
2025

 

September 29,
2024

 

 

 

 

 

 

 

 

 

Revenue

 

$

698,949

 

 

$

684,049

 

 

$

2,083,995

 

 

$

2,025,654

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

 

324,345

 

 

 

299,233

 

 

 

941,289

 

 

 

900,285

 

Selling, general and administrative expenses

 

 

241,911

 

 

 

237,521

 

 

 

740,156

 

 

 

749,742

 

Research and development expenses

 

 

50,797

 

 

 

49,144

 

 

 

157,664

 

 

 

147,636

 

 

 

 

 

 

 

 

 

 

Operating income from continuing operations

 

 

81,896

 

 

 

98,151

 

 

 

244,886

 

 

 

227,991

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

(6,925

)

 

 

(22,764

)

 

 

(25,351

)

 

 

(63,362

)

Interest expense

 

 

22,771

 

 

 

24,383

 

 

 

68,672

 

 

 

73,497

 

Change in fair value of investments

 

 

4,602

 

 

 

(7,004

)

 

 

3,484

 

 

 

(13,975

)

Other expense, net

 

 

5,763

 

 

 

3,179

 

 

 

21,364

 

 

 

10,263

 

 

 

 

 

 

 

 

 

 

Income from continuing operations, before income taxes

 

 

55,685

 

 

 

100,357

 

 

 

176,717

 

 

 

221,568

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

 

8,464

 

 

 

6,971

 

 

 

32,605

 

 

 

26,880

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

 

47,221

 

 

 

93,386

 

 

 

144,112

 

 

 

194,688

 

 

 

 

 

 

 

 

 

 

(Loss) income from discontinued operations

 

 

(569

)

 

 

981

 

 

 

(1,275

)

 

 

(18,948

)

 

 

 

 

 

 

 

 

 

Net income

 

$

46,652

 

 

$

94,367

 

 

$

142,837

 

 

$

175,740

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.41

 

 

$

0.76

 

 

$

1.22

 

 

$

1.58

 

 

 

 

 

 

 

 

 

 

(Loss) income from discontinued operations

 

 

(0.01

)

 

 

0.01

 

 

 

(0.01

)

 

 

(0.15

)

 

 

 

 

 

 

 

 

 

Net income

 

$

0.40

 

 

$

0.77

 

 

$

1.21

 

 

$

1.42

 

 

 

 

 

 

 

 

 

 

Weighted average diluted shares of common stock outstanding

 

 

115,463

 

 

 

123,026

 

 

 

117,735

 

 

 

123,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ABOVE PREPARED IN ACCORDANCE WITH GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional supplemental information(1):

 

 

 

 

 

 

 

 

(per share, continuing operations)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP EPS from continuing operations

 

$

0.41

 

 

$

0.76

 

 

$

1.22

 

 

$

1.58

 

Amortization of intangible assets

 

 

0.73

 

 

 

0.73

 

 

 

2.14

 

 

 

2.20

 

Purchase accounting adjustments

 

 

 

 

 

 

 

 

0.02

 

 

 

0.06

 

Acquisition and divestiture-related costs

 

 

 

 

 

0.02

 

 

 

0.02

 

 

 

0.13

 

Transformation costs

 

 

0.04

 

 

 

 

 

 

0.05

 

 

 

 

Change in fair value of investments

 

 

0.04

 

 

 

(0.06

)

 

 

0.03

 

 

 

(0.11

)

Significant litigation matters and settlements

 

 

0.01

 

 

 

0.01

 

 

 

0.11

 

 

 

0.06

 

Significant environmental matters

 

 

 

 

 

 

 

 

(0.01

)

 

 

 

Mark to market on postretirement benefits

 

 

 

 

 

 

 

 

0.04

 

 

 

 

Restructuring and other, net

 

 

0.09

 

 

 

 

 

 

0.21

 

 

 

0.18

 

Tax on above items

 

 

(0.17

)

 

 

(0.18

)

 

 

(0.49

)

 

 

(0.62

)

Significant tax items

 

 

0.03

 

 

 

 

 

 

0.03

 

 

 

 

Adjusted EPS from continuing operations

 

$

1.18

 

 

$

1.28

 

 

$

3.37

 

 

$

3.47

 

 

 

 

 

 

 

 

 

 

(1) amounts may not sum due to rounding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revvity, Inc. and Subsidiaries

REVENUE AND OPERATING INCOME (LOSS)

 

 

 

Three Months Ended

 

Nine Months Ended

(In thousands, except percentages)

 

September 28,
2025

 

September 29,
2024

 

September 28,
2025

 

September 29,
2024

 

 

 

 

 

 

 

 

 

Revenue and adjusted operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

698,949

 

 

$

684,049

 

 

$

2,083,995

 

 

$

2,025,654

 

 

 

 

 

 

 

 

 

 

Reported operating income from continuing operations

 

$

81,896

 

 

$

98,151

 

 

$

244,886

 

 

$

227,991

 

OP%

 

 

11.7

%

 

 

14.3

%

 

 

11.8

%

 

 

11.3

%

Amortization of intangible assets

 

 

84,074

 

 

 

89,642

 

 

 

252,063

 

 

 

271,500

 

Purchase accounting adjustments

 

 

348

 

 

 

103

 

 

 

2,349

 

 

 

7,348

 

Acquisition and divestiture-related costs

 

 

284

 

 

 

4,874

 

 

 

2,950

 

 

 

22,115

 

Transformation costs

 

 

5,103

 

 

 

 

 

 

6,226

 

 

 

 

Significant litigation matters and settlements

 

 

785

 

 

 

810

 

 

 

12,495

 

 

 

7,086

 

Significant environmental matters

 

 

 

 

 

 

 

 

(1,208

)

 

 

 

Restructuring and other, net

 

 

9,926

 

 

 

(82

)

 

 

24,368

 

 

 

22,119

 

Adjusted operating income

 

$

182,416

 

 

$

193,498

 

 

$

544,129

 

 

$

558,159

 

OP%

 

 

26.1

%

 

 

28.3

%

 

 

26.1

%

 

 

27.6

%

 

 

 

 

 

 

 

 

 

Segment revenue and segment operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life Sciences

 

$

342,822

 

 

$

338,800

 

 

$

1,049,115

 

 

$

1,023,839

 

Diagnostics

 

 

356,127

 

 

 

345,249

 

 

 

1,034,880

 

 

 

1,001,815

 

Segment revenue

 

 

698,949

 

 

 

684,049

 

 

 

2,083,995

 

 

 

2,025,654

 

 

 

 

 

 

 

 

 

 

Life Sciences

 

$

101,048

 

 

$

110,565

 

 

$

322,228

 

 

$

329,083

 

 

 

 

29.5

%

 

 

32.6

%

 

 

30.7

%

 

 

32.1

%

Diagnostics

 

 

89,376

 

 

 

93,848

 

 

 

252,813

 

 

 

262,801

 

 

 

 

25.1

%

 

 

27.2

%

 

 

24.4

%

 

 

26.2

%

Segment operating income

 

 

190,424

 

 

 

204,413

 

 

 

575,041

 

 

 

591,884

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

(8,008

)

 

 

(10,915

)

 

 

(30,912

)

 

 

(33,725

)

Adjusted operating income

 

 

182,416

 

 

 

193,498

 

 

 

544,129

 

 

 

558,159

 

 

 

 

 

 

 

 

 

 

Amortization of intangible assets

 

 

(84,074

)

 

 

(89,642

)

 

 

(252,063

)

 

 

(271,500

)

Purchase accounting adjustments

 

 

(348

)

 

 

(103

)

 

 

(2,349

)

 

 

(7,348

)

Acquisition and divestiture-related costs

 

 

(284

)

 

 

(4,874

)

 

 

(2,950

)

 

 

(22,115

)

Transformation costs

 

 

(5,103

)

 

 

 

 

 

(6,226

)

 

 

 

Significant litigation matters and settlements

 

 

(785

)

 

 

(810

)

 

 

(12,495

)

 

 

(7,086

)

Significant environmental matters

 

 

 

 

 

 

 

 

1,208

 

 

 

 

Restructuring and other, net

 

 

(9,926

)

 

 

82

 

 

 

(24,368

)

 

 

(22,119

)

Reported operating income from continuing operations

 

$

81,896

 

 

$

98,151

 

 

$

244,886

 

 

$

227,991

 

 

 

 

 

 

 

 

 

 

 

REVENUE AND REPORTED OPERATING INCOME (LOSS) PREPARED IN ACCORDANCE WITH GAAP

Revvity, Inc. and Subsidiaries

CONDENSED CONSOLIDATED BALANCE SHEETS

 

(In thousands)

September 28,
2025

 

December 29,
2024

 

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

931,386

 

$

1,163,396

Accounts receivable, net

 

680,259

 

 

632,400

Inventories, net

 

379,917

 

 

367,587

Other current assets

 

152,226

 

 

186,225

Total current assets

 

2,143,788

 

 

2,349,608

 

 

 

 

Property, plant and equipment, net

 

497,088

 

 

482,217

Operating lease right-of-use assets, net

 

171,078

 

 

167,716

Intangible assets, net

 

2,425,926

 

 

2,640,921

Goodwill

 

6,600,631

 

 

6,463,619

Other assets, net

 

300,441

 

 

288,397

Total assets

$

12,138,952

 

$

12,392,478

 

 

 

 

Current liabilities:

 

 

 

Current portion of long-term debt

$

583,844

 

$

242

Accounts payable

 

175,800

 

 

167,463

Accrued expenses and other current liabilities

 

463,099

 

 

485,395

Total current liabilities

 

1,222,743

 

 

653,100

 

 

 

 

Long-term debt

 

2,630,693

 

 

3,150,476

Long-term liabilities

 

755,155

 

 

770,523

Operating lease liabilities

 

154,465

 

 

151,505

Total liabilities

 

4,763,056

 

 

4,725,604

 

 

 

 

Total stockholders’ equity

 

7,375,896

 

 

7,666,874

Total liabilities and stockholders’ equity

$

12,138,952

 

$

12,392,478

 

 

 

 

 

 

 

 

PREPARED IN ACCORDANCE WITH GAAP

Revvity, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF CASH FLOWS

 

 

Three Months Ended

 

Nine Months Ended

(In thousands)

September 28,
2025

 

September 29,
2024

 

September 28,
2025

 

September 29,
2024

 

 

 

 

 

 

 

 

Operating activities:

 

 

 

 

 

 

 

Net income

$

46,652

 

 

$

94,367

 

 

$

142,837

 

 

$

175,740

 

Loss (income) from discontinued operations, net of income taxes

 

569

 

 

 

(981

)

 

 

1,275

 

 

 

18,948

 

Income from continuing operations

 

47,221

 

 

 

93,386

 

 

 

144,112

 

 

 

194,688

 

Adjustments to reconcile income from continuing operations to net cash provided by continuing operations:

 

 

 

 

 

 

 

Stock-based compensation

 

9,054

 

 

 

10,538

 

 

 

26,918

 

 

 

32,756

 

Restructuring and other, net

 

9,926

 

 

 

(82

)

 

 

24,368

 

 

 

22,119

 

Depreciation and amortization

 

102,061

 

 

 

107,670

 

 

 

302,261

 

 

 

322,816

 

Change in fair value of contingent consideration

 

107

 

 

 

(343

)

 

 

(59

)

 

 

6,006

 

Amortization of deferred debt financing costs and

accretion of discounts

 

1,240

 

 

 

1,542

 

 

 

3,560

 

 

 

5,051

 

Change in fair value of investments

 

4,602

 

 

 

(7,004

)

 

 

3,484

 

 

 

(13,975

)

Unrealized foreign exchange loss (gain)

 

82

 

 

 

(206

)

 

 

222

 

 

 

(1,063

)

Changes in assets and liabilities which provided (used) cash:

 

 

 

 

 

 

 

Accounts receivable, net

 

(19,742

)

 

 

5,097

 

 

 

(41,643

)

 

 

33,291

 

Inventories, net

 

6,851

 

 

 

9,566

 

 

 

12,493

 

 

 

26,817

 

Accounts payable

 

(3,008

)

 

 

(1,808

)

 

 

270

 

 

 

(24,782

)

Accrued expenses and other

 

(19,813

)

 

 

(61,342

)

 

 

(68,990

)

 

 

(114,236

)

Net cash provided by operating activities of continuing operations

 

138,581

 

 

 

157,014

 

 

 

406,996

 

 

 

489,488

 

Net cash used in operating activities of discontinued operations

 

(81

)

 

 

(9,129

)

 

 

(6,023

)

 

 

(35,419

)

Net cash provided by operating activities

 

138,500

 

 

 

147,885

 

 

 

400,973

 

 

 

454,069

 

 

 

 

 

 

 

 

 

Investing activities:

 

 

 

 

 

 

 

Capital expenditures

 

(18,501

)

 

 

(22,319

)

 

 

(53,351

)

 

 

(62,194

)

Purchases of investments and notes receivables

 

(29

)

 

 

 

 

 

(29

)

 

 

(4,337

)

Proceeds from investments and notes receivables

 

 

 

 

2,500

 

 

 

 

 

 

2,500

 

Proceeds from U.S. Treasury Securities

 

 

 

 

710,000

 

 

 

 

 

 

710,000

 

Proceeds from disposition of businesses and assets

 

 

 

 

 

 

 

229

 

 

 

 

Net cash (used in) provided by investing activities of continuing operations

 

(18,530

)

 

 

690,181

 

 

 

(53,151

)

 

 

645,969

 

Net cash provided by investing activities of discontinued operations

 

37,500

 

 

 

 

 

 

56,250

 

 

 

147,522

 

Net cash provided by investing activities

 

18,970

 

 

 

690,181

 

 

 

3,099

 

 

 

793,491

 

 

 

 

 

 

 

 

 

Financing Activities:

 

 

 

 

 

 

 

Payments of debt financing costs

 

 

 

 

 

 

 

(2,474

)

 

 

 

Payments of senior unsecured notes

 

 

 

 

(711,479

)

 

 

 

 

 

(711,479

)

Payments on other credit facilities

 

(55

)

 

 

429

 

 

 

(158

)

 

 

(10,771

)

Payments for acquisition-related contingent consideration

 

(1,860

)

 

 

(83

)

 

 

(3,838

)

 

 

(8,832

)

Proceeds from issuance of common stock under stock

plans

 

 

 

 

141

 

 

 

2,632

 

 

 

6,173

 

Purchases of common stock

 

(205,029

)

 

 

(154,112

)

 

 

(652,530

)

 

 

(184,421

)

Dividends paid

 

(8,130

)

 

 

(8,633

)

 

 

(24,845

)

 

 

(25,915

)

Net cash used in financing activities of continuing operations

 

(215,074

)

 

 

(873,737

)

 

 

(681,213

)

 

 

(935,245

)

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

 

(2,811

)

 

 

17,051

 

 

 

45,264

 

 

 

4,120

 

 

 

 

 

 

 

 

 

Net (decrease) increase in cash, cash equivalents, and restricted cash

 

(60,415

)

 

 

(18,620

)

 

 

(231,877

)

 

 

316,435

 

Cash, cash equivalents, and restricted cash at beginning of period

 

992,990

 

 

 

1,249,428

 

 

 

1,164,452

 

 

 

914,373

 

Cash, cash equivalents, and restricted cash at end of period

$

932,575

 

 

$

1,230,808

 

 

$

932,575

 

 

$

1,230,808

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental disclosure of cash flow information:

 

 

 

 

 

 

 

Reconciliation of cash, cash equivalents and restricted cash reported within the condensed balance sheets that sum to the total shown in the consolidated statements of cash flows:

 

 

 

 

 

 

 

Cash and cash equivalents

$

931,386

 

 

$

1,229,778

 

 

$

931,386

 

 

$

1,229,778

 

Restricted cash included in other current assets

 

1,189

 

 

 

1,030

 

 

 

1,189

 

 

 

1,030

 

Total cash, cash equivalents and restricted cash

$

932,575

 

 

$

1,230,808

 

 

$

932,575

 

 

$

1,230,808

 

 

 

 

 

 

 

 

 

 

PREPARED IN ACCORDANCE WITH GAAP

Revvity, Inc. and Subsidiaries

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (1)

 

 

 

 

Continuing Operations

 

 

 

Three Months Ended

 

 

 

September 28, 2025

Organic revenue growth:

 

 

 

Revenue growth from continuing operations

 

 

2%

Less: effect of foreign exchange rates

 

 

1%

Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses

 

 

0%

Organic revenue growth from continuing operations

 

 

1%

 

 

 

 

 

 

 

 

 

 

 

Life Sciences

 

 

 

Three Months Ended

 

 

 

September 28, 2025

Organic revenue growth:

 

 

 

Revenue growth from continuing operations

 

 

1%

Less: effect of foreign exchange rates

 

 

1%

Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses

 

 

0%

Organic revenue growth from continuing operations

 

 

0%

 

 

 

 

 

 

 

 

 

 

 

Diagnostics

 

 

 

Three Months Ended

 

 

 

September 28, 2025

Organic revenue growth:

 

 

 

Revenue growth from continuing operations

 

 

3%

Less: effect of foreign exchange rates

 

 

2%

Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses

 

 

0%

Organic revenue growth from continuing operations

 

 

2%

 

 

 

 

 

 

 

 

(1) amounts may not sum due to rounding

 

 

 

Revvity, Inc. and Subsidiaries

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (1)

 

 

 

 

Continuing Operations

 

 

 

Nine Months Ended

 

 

 

September 28, 2025

Organic revenue growth:

 

 

 

Revenue growth from continuing operations

 

 

3%

Less: effect of foreign exchange rates

 

 

0%

Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses

 

 

0%

Organic revenue growth from continuing operations

 

 

2%

 

 

 

 

 

 

 

 

 

 

 

Life Sciences

 

 

 

Nine Months Ended

 

 

 

September 28, 2025

Organic revenue growth:

 

 

 

Revenue growth from continuing operations

 

 

2%

Less: effect of foreign exchange rates

 

 

1%

Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses

 

 

0%

Organic revenue growth from continuing operations

 

 

2%

 

 

 

 

 

 

 

 

 

 

 

Diagnostics

 

 

 

Nine Months Ended

 

 

 

September 28, 2025

Organic revenue growth:

 

 

 

Revenue growth from continuing operations

 

 

3%

Less: effect of foreign exchange rates

 

 

0%

Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses

 

 

0%

Organic revenue growth from continuing operations

 

 

3%

 

 

 

 

 

 

 

 

(1) amounts may not sum due to rounding

 

 

 

Revvity, Inc. and Subsidiaries

FY 2025 ORGANIC REVENUE GROWTH FORECAST (1)

 

 

 

 

Continuing Operations

 

 

 

Twelve Months Ended

 

 

 

December 28, 2025

 

 

 

Projected

Organic revenue growth:

 

 

 

Revenue growth from continuing operations

 

 

3% – 5%

Less: effect of foreign exchange rates

 

 

1%

Less: effect of acquisitions including purchase accounting adjustments and impact of divested businesses

 

 

0%

Organic revenue growth from continuing operations

 

 

2% – 4%

 

 

 

 

 

 

 

 

(1) amounts may not sum due to rounding

 

 

 

Explanation of Non-GAAP Financial Measures

We report our financial results in accordance with GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, investors may wish to consider the impact of certain non-cash, non-recurring or other items, which result from facts and circumstances that vary in frequency and impact on continuing operations. Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP. These non-GAAP financial measures provide management with additional means to understand and evaluate the operating results and trends in our ongoing business by adjusting for certain non-cash expenses and other items that management believes might otherwise make comparisons of our ongoing business with prior periods more difficult, obscure trends in ongoing operations, or reduce management’s ability to make useful forecasts. Management believes these non-GAAP financial measures provide additional means of evaluating period-over-period operating performance.

Contacts

Investor Relations:
Steve Willoughby

steve.willoughby@revvity.com

Media Relations:
Chet Murray

(781) 462-5126

chet.murray@revvity.com

Read full story here

New Poll Reveals Canadians Lack Understanding of Obesity as a Chronic Disease, Stigma Likely Bleeds Into Treatment

New Poll Reveals Canadians Lack Understanding of Obesity as a Chronic Disease, Stigma Likely Bleeds Into Treatment




New Poll Reveals Canadians Lack Understanding of Obesity as a Chronic Disease, Stigma Likely Bleeds Into Treatment

– Ahead of generic alternatives to weight loss medication expected to hit the Canadian market in 2026, Phoenix’s poll also found two in five Canadians would be interested in trying them –

TORONTO–(BUSINESS WIRE)–Today, Phoenix, Canada’s leading digital health clinic for men, released new poll data with insights from over 1,500 Canadians on sentiments around weight loss and the use of GLP-1s. The poll reveals that, despite the growing prevalence of obesity in Canada, many Canadians do not understand it as a chronic disease, which may drive stigma around the condition and the use of GLP-1 drugs for weight loss. Despite this stigma, there is notable interest in using GLP-1s to manage obesity, including generic alternatives.


WEIGHT LOSS IN CANADA

A recent study found one-third of Canadians are obese, and Phoenix’s poll found weight loss is on the mind of many Canadians. The findings reveal 59 per cent of Canadians are currently trying or planning to lose weight, with notable demographic divides. Desire for weight loss is most prominent among Gen X, with 68 per cent indicating they are currently trying or planning to lose weight – a significantly higher percentage than Gen Z (44%), Millennials (58%) and the Baby Boomer generation (57%).

Among Canadians currently trying to or planning on losing weight, the primary motivations are to improve fitness and stamina (62%) and increase lifespan/longevity (50%), followed by enhancing appearance (44%), boosting self-esteem and confidence (40%), and disease prevention (34%).

Notably, the strongest motivators differed from generation to generation. Gen Z’s leading motivator was to boost self-esteem and confidence (71%); Gen X was most motivated by increasing lifespan/longevity (58%); and improving fitness and stamina was the primary motivator for Millennials (63%) and the Baby Boomer generation (70%). 23 per cent of the Baby Boomer generation was also motivated to lose weight to reduce their need for medications.

“There is a misconception that weight loss is only an issue of vanity. That is simply not true. For folks struggling with obesity, losing weight can have a significant impact on overall quality of life, from increasing mobility to improving sleep quality,” says Gavin Thompson, co-founder and co-CEO of Phoenix. “The benefits can go beyond the physical too. Weight loss can also significantly support an individual’s mental health, providing a boost to their self-esteem and confidence.”

STIGMA AROUND WEIGHT LOSS TRICKLES DOWN TO TREATMENT

While the prevalence of obesity among adults in Canada has increased since the pandemic according to Statistics Canada, many Canadians still do not understand obesity as a chronic disease. Less than one in three Canadians (32%) correctly identified that Health Canada classifies obesity as a progressive chronic disease.

The lack of understanding of obesity as a chronic disease drives the stigma around the condition and its treatment. One in three Canadians (34%) say that they would or did feel embarrassed sharing with their friends and family about using drugs like Ozempic or Wegovy for weight loss. This stigma is further perpetuated by celebrity culture, where taking GLP-1 medications for weight management is often viewed differently than using medication for other chronic illnesses. 62 per cent of Canadians agree that celebrities who share their weight loss should also disclose their use of weight loss drugs to the public. Gen Z felt especially strong about this, with 71 per cent agreeing celebrities should disclose their use of weight loss drugs.

“The common perception of obesity is that it’s solely the result of personal choices, but in reality, it’s a chronic disease influenced by many factors. Many people who struggle with obesity cannot manage it with exercise and healthy eating alone, but the stigma around obesity trickles down to its treatment too,” says Kevin Bache, co-founder and co-CEO of Phoenix. “People feel entitled to know that a celebrity has used medication to lose weight, in the same way they expect a celebrity to be transparent about using social media filters to hide their acne. But as with any chronic disease, someone’s choice to use medication as recommended by their doctor is deeply personal, and there should be no shame or expectation of transparency attached.”

NOTABLE INTEREST IN GLP-1S, ESPECIALLY GENERIC

Despite Statistics Canada reporting 68 per cent of Canadians are classified as overweight or obese, only five per cent of Canadians are currently taking GLP-1 medication for weight loss, and a further three per cent have done so in the past. However, 21 per cent of Canadians who indicated they have never taken a GLP-1 medication revealed they would consider taking one in the future.

A potential barrier to Canadians trying GLP-1 weight loss medication could be the cost, as interest in generic weight loss medication is high. 40 per cent of Canadians indicated interest in trying a generic GLP-1 medication for weight loss if they currently struggle with obesity or were to struggle in the future.

WHAT CANADIANS NEED TO KNOW ABOUT GLP-1s

  • Do GLP-1 drugs mitigate the need to eat healthy and exercise? While eating less is a goal for many people who struggle with their weight, food intake is only one small piece of a healthy, sustainable weight loss plan. Lifestyle modifications, such as eating a nutritious diet or exercising regularly, are key to sustaining your results.
  • Do I need a prescription to take a GLP-1 medication for weight loss? Yes, GLP-1 medication must be prescribed by a licensed physician for weight loss.
  • Can anyone take a GLP-1 medication for weight loss? No. In Canada, GLP-1 drugs can only be prescribed by a licensed physician to patients who have a body mass index (BMI) of 30+ or BMI of 27+ with obesity-related health conditions.

Ontario, BC, Alberta, Saskatchewan, Manitoba, New Brunswick, Newfoundland, Nova Scotia and PEI. To learn more about Phoenix’s weight loss support, visit https://www.phoenix.ca/treatments/weight-loss.

ABOUT PHOENIX

Phoenix is Canada’s leading digital health clinic for men, specializing in three areas of treatment – erectile dysfunction, weight loss, and hair loss. The telehealth platform facilitates access to licensed Canadian physicians, treatment options, and free, discreet shipping of prescription medication from coast to coast. Visit Phoenix.ca to learn more.

SURVEY METHODOLOGY

These findings are from a survey conducted by Phoenix from September 24th to September 26th, 2025, among a representative sample of 1505 online adult Canadians who are members of the Angus Reid Forum. The survey was conducted in English and French. For comparison purposes only, a probability sample of this size would carry a margin of error of +/-2.53 percentage points, 19 times out of 20.

Contacts

MEDIA
Anne-Marie Tremble

Senior Account Manager, Talk Shop Media

annemarie@talkshopmedia.com
613-914-3551