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DHR - GenMark Leveraging The Testing Boom Created By COVID-19
Danaher Corporation
The poor control of COVID-19 in the United States has created an unprecedented testing opportunity for GenMark (GNMK), and so far the company is doing a good job of leveraging that opportunity to get hardware in the field and establish relationships with healthcare facilities that may well last well beyond this outbreak. Although the intense demand for tests is pushing the company to expand capacity as quickly as possible, it has also allowed the company to clean up its balance sheet on relatively attractive terms.