The top 20 biopharmaceutical companies witnessed a promising first quarter (Q1) this year amid ongoing macroeconomic uncertainties, fluctuating interest rates, and evolving Medicare drug price negotiations.According to GlobalData, a leading data analytics and research company, these companies reported a total increase of 9.6% in market capitalisation, from $3.67trn on 31 December 2023 to $4trn.
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Shares of the company have gained about 340 per cent in the last one year. Shares of Meson Valves India Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 190 per cent.
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Avantor Inc AVTR reported first-quarter net sales of $1.68 billion, a decrease of 5.6% year-over-year, almost in line with the consensus of $1.68 billion. Foreign currency translation had a favorable impact of 0.7%, resulting in a sales decline of 6.3% on an organic basis. Adjusted EBITDA was $283 million, down from $346.2 million a year ago, and adjusted EBITDA margin was 16.8%.
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