Biotech Funding ChallengesShares traded down due to macro headwinds such as NIH, pharma tariffs, and biotech funding challenges.
Organic Growth ProjectionsManagement expects organic growth to be in the low single digits due to macro uncertainties.
Policy UncertaintiesThere is uncertainty due to policy issues such as NIH funding, pharma tariffs, and most-favored nation pricing, affecting short-term growth projections.