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January 12, 2014
16:31 EDTHAEHaemonetics sees margin headwinds from lower pricing, announces supply pact
Haemonetics announced that it has entered into a multi-year agreement to supply the HemeXcel Purchasing Alliance with certain whole blood collection components on an exclusive basis during calendar years 2014-2016. The announcement was made in conjunction with the 32nd Annual J.P. Morgan Health Care Conference in San Francisco. Haemonetics indicated that this incremental business volume will not have a material impact on fiscal 2014 revenue or earnings. Considered together with a smaller recent U.S. tender that was not awarded to Haemonetics, this incremental volume will represent approximately five net points of U.S. whole blood disposables share gain in fiscal 2015 and beyond. Another major U.S. whole blood tender remains in process and is expected to be awarded early in calendar 2014. Haemonetics continues to work closely with this customer and is excited to have the opportunity to show its full range of capabilities. Brian Concannon, Haemonetics' President and CEO said, "The North American whole blood market is in a period of rapid change in which significantly reduced demand for blood products is driving collector consolidation and aggressive competitive pricing for whole blood consumables. While we are optimistic about what these trends mean for the introduction of our differentiated whole blood offering, we expect margin headwinds from lower pricing will more than offset any benefit related to this share gain in fiscal 2015. As we progress through the fiscal years beyond 2015, benefits of product value engineering and other internal initiatives are expected to offset these margin headwinds."
News For HAE From The Last 14 Days
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October 27, 2014
07:20 EDTHAEAmerican Association of Blood Banks to hold annual meeting
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08:54 EDTHAEHaemonetics, 3PEA to integrate PaySign Connect with DMS
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