Kyle Crews's questions to MARAVAI LIFESCIENCES HOLDINGS (MRVI) leadership • Q2 2025
Question
Kyle Crews of UBS inquired about Maravai's midterm growth outlook for its base business, considering the broader industry headwinds in scientific R&D spending.
Answer
CEO Bernd Brust noted that Maravai's direct exposure to U.S. mRNA research funding is not significant and emphasized a focus on growth in non-U.S. markets. CFO Raj Asarpota pointed to the company's 5% base revenue growth in Q2 and cited peer long-term growth targets in the mid-to-high single digits as a relevant benchmark for the market.