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Why Maravai LifeSciences (MRVI) Shares Are Up 20% After-Hour

The stock of global provider of life science reagents and services Maravai LifeSciences Holdings, Inc. (Maravai) (NASDAQ: MRVI) surged by 19.94% in trading after the ring of the bell on Tuesday. The rise came following the release of its quarterly results with analysts-beating earnings figures.

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What the financial results say?
Maravai provides critical products used to facilitate the development of new drugs, diagnostics, novel vaccines, and support the research of human diseases. Some of the world’s leading biopharmaceutical, vaccine, diagnostic, and cell and gene therapy companies rely on Maravai’s companies for their nucleic acid synthesis and bioprocess impurity detection and analysis services.


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San Diego, California-based company today released its financial results for the fourth quarter and the full-year ended December 31, 2020. Some brief highlights of the results are as follows:

In Q4 2020:

For The Full Year 2020:

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