Danaher Corporation Stock Price, News & Analysis

Beckman Coulter has finalized agreements with Quidel Corporation to acquire rights for the BNP assay, previously sold as TRIAGE® BNP. Beckman Coulter will exclusively manufacture and market the Access BNP assay, transitioning distribution from Quidel globally. The agreements resolve ongoing litigation and disputes between the two companies. This addition expands Beckman Coulter's cardiovascular diagnostic offerings, crucial for managing cardiovascular diseases, which account for 31% of global deaths. The Access BNP assay aids in diagnosing heart failure, enhancing patient care.

Danaher Corporation (NYSE: DHR) reported strong financial results for Q2 2021, achieving net earnings of $1.7 billion, a remarkable 84% increase year-over-year. Diluted earnings per share reached $2.28, with non-GAAP adjusted earnings at $2.46, up 71%. Revenues surged to $7.2 billion, reflecting a 36.5% year-over-year growth. Operating cash flow rose by 46.5% to $2.1 billion, and free cash flow increased by 41% to $1.8 billion. For Q3 2021, Danaher forecasts mid- to high-teens percent non-GAAP core revenue growth and a full-year estimate of approximately 20% growth.

Danaher Corporation (NYSE: DHR) will host its quarterly earnings conference call for the second quarter of 2021 on July 22, 2021, at 8:00 a.m. ET. The call will last approximately one hour and will be available for live streaming on the company's website. A replay will be accessible shortly after the call until August 5, 2021. Pre-call dial-in is available for U.S. and international participants. Earnings materials will be posted on Danaher’s investor section starting at 6:00 a.m. ET on the day of the call.

SCIEX launches the ZenoTOF 7600 system, an advanced mass LC-MS/MS instrument, enhancing the identification and quantification of biomolecules. This system promises up to 20x greater sensitivity and can quantify 40% more proteins than previous models while analyzing samples 5x faster. The integrated Zeno trap and electron activated dissociation (EAD) fragmentation enable researchers to explore post-translational modifications and biomarker discovery effectively, pushing boundaries in precision diagnostics and biopharmaceutical development.

SCIEX has enhanced its software portfolio, launching the OneOmics suite, which facilitates big data processing in multi-omics research via secure cloud computing. This suite allows researchers to analyze large proteomics and metabolomics datasets significantly faster. Additionally, the Molecule Profiler app aids in identifying and quantifying biopharmaceutical metabolites and impurities. The SCIEX OS software ecosystem, now supporting the ZenoTOF 7600 system, ensures data integrity and streamlines workflows for scientists across multiple labs.

Danaher Corporation (NYSE: DHR) announced its agreement to acquire Aldevron for approximately $9.6 billion, enhancing Danaher's presence in genomic medicine. Aldevron, founded in 1998, specializes in high-quality plasmid DNA, mRNA, and proteins, and will operate as a standalone entity within Danaher’s Life Sciences segment. The acquisition aims to support the development of cell, gene therapies, and vaccines. The transaction is subject to customary regulatory approvals.

On June 7, 2021, Danaher Corporation (NYSE: DHR) announced that its Executive Vice President and CFO, Matt McGrew, will present at the Goldman Sachs Global Healthcare Conference on June 8, 2021, at 2:10 p.m. ET. The presentation will be available via a live webcast on www.danaher.com. Danaher is recognized as a global leader in science and technology, focusing on healthcare and environmental sectors, and operates with around 69,000 employees, all committed to enhancing quality of life.

Danaher Corporation (NYSE: DHR) announced that its Executive Vice President and CFO, Matt McGrew, will present at the Jefferies Healthcare Conference on June 2, 2021, at 1:00 p.m. ET. The presentation will be available via a live webcast on Danaher's official website. Danaher is a leader in science and technology, focusing on solving complex challenges and improving global quality of life. With over 69,000 associates, Danaher operates more than 20 companies across health care, environmental, and applied end-markets.

Danaher Corporation (NYSE: DHR) announced the appointment of A. Shane Sanders to its Board of Directors and Audit Committee, increasing the board size to thirteen members. Sanders, currently Senior Vice President of Business Transformation at Verizon Communications Inc. (NYSE: VZ), has extensive experience in corporate finance, having served in leadership roles since joining Verizon in 1997. His qualifications include a B.S. in Accounting and an M.B.A. His appointment is expected to enhance Danaher's leadership and support its goal of building long-term shareholder value.