“Interest Expense, net Interest expense, net increased by $19 million to $68 million in the first quarter of 2026 primarily due to interest on debt related to the acquisition of Exact Sciences, partially offset by interest income on bond proceeds and prior year debt repayments.”
“34 BioPharma Systems Segment The following summarizes second quarter BioPharma Systems revenues: Three months ended March 31, (Millions of dollars) 2026 2025 Total Change Estimated FX Impact FXN Change BioPharma Systems Revenues $ 590 $ 575 2.5 % 4.3 % (1.8) % The BioPharma Systems segment’s revenues in the second quarter of 2026 reflected a decline primarily driven by lower market demand for vaccines products, partially offset by double-digit growth of prefillable solutions in the biologic drug category, led by sales of GLP-1 delivery products.”
“Research and development expense as a percentage of revenues in the third quarter of 2025 was flat compared with the third quarter of 2024 which primarily reflected costs attributable to the Advanced Patient Monitoring unit, offset by the timing of project spending.”