Medpace: Order Record Fuels Rally!
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Industry Influence: Strong quarterly results from industry giant Danaher sparked a rally among laboratory equipment manufacturers and contract researchers, pushing Medpace ahead of its own numbers. Order Record: Recently, the company surprised with new orders at a record level, a profit clearly above expectations, and a higher annual forecast. Outlook: Fundamentally, Medpace is doing well thanks to increasing R&D expenditures in the biotech and pharmaceutical sectors. The Cincinnati-based company operates as a full-service contract...
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