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Stock impact report

Maravai LifeSciences Holdings Inc (MRVI) Q3 2024 Earnings Call Highlights: Navigating ... [Yahoo! Finance]

Maravai LifeSciences Holdings, Inc. - Class A common stock (MRVI) 
Company Research Source: Yahoo! Finance
Maravai LifeSciences Holdings Inc ( NASDAQ:MRVI ) reported $65 million in revenue for Q3 2024, with $50 million coming from the Nucleic Acid Production (NAP) segment. The company achieved a key milestone by completing its largest service build to date, producing 26 grams of mRNA material for a preclinical cell and gene therapy customer. Maravai LifeSciences Holdings Inc ( NASDAQ:MRVI ) has introduced 21 new products year-to-date, expanding its discovery mRNA synthesis services offerings. The company has expanded its TriLink-owned IP around co-transcriptional capping technology, holding over 20 US and international patents. Maravai LifeSciences Holdings Inc ( NASDAQ:MRVI ) has signed a definitive agreement to acquire the DNA and RNA businesses of PCNA BiTE, enhancing its mRNA offering for early-phase discovery work. Q3 2024 results were slightly below expectations due to customer-requested program timing shifts and muted demand in research and discovery products. The compa Show less Read more
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