Biomerieux rises on Q3 sales growth above expectations
** Shares in Biomerieux BIOX.PA rise 3%, after it reports Q3 sales growth above expectations
** The french in-vitro diagnostic company released an 11% organic sales growth in the third quarter compared with the 8.4% expected in a consensus
** The group's growth was supported by a 17.6% growth in its molecular biology division for the quarter thanks to sales growth in respiratory panel, the expansion of installed base of FilmArray and Spotfire products, Midcap Partners analyst says
** The broker notes the extremely strong 9M performance is strongly supporting the annual guidance which is based on the
assumption of a normal flu season in Q4
** Share is on track for its best day since September 09, when it closed 4.5% higher
Reporting by Mathias de Rozario
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