Boosting Bio-Rad's FVE on Higher Sartorius Gains and Better Long-Term Growth Prospects

Bio-Rad develops products and solutions for the life science research and clinical diagnostic markets and has niche market leadership in diagnostic quality controls, antigens, and digital polymerase chain reaction, or PCR, molecular testing. Bio-Rad’s business relies on the razor/razor blade model typically seen in the diagnostic market, and consumable reagents account for about 70% of total sales, with these reagents often sold at a higher margin than their associated equipment and instruments.