Client RelationsICLR's softer business-to-business ratio reflects slower ramp-up of new project work with its largest customers, including JNJ and PFE.
Financial PerformanceICLR reported Q3:24 earnings that missed estimates across the board, due to headwinds from customer budget cuts, lower than anticipated vaccine-related activity, and continued softness from biotech customers.
Sector ChallengesBiotech weakness is identified as the most challenging aspect of ICLR's business, with slower study startups and more cautious spending.