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Alere ramps higher on solid Q2 earnings beat

  • Alere (ALR +11%) sets a new 52-week high today after posting better-than-expected Q2 earnings.
  • Total revenue grew by 9% Y/Y, driven in part by the currency adjusted organic growth rate for its professional diagnostics segment, which rose 8.6%, excluding changes in U.S. Triage and influenza revenues.
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