Q: Hi 5i, I was curious on your ranking of SIS being highly impacted by tarrifs. I was of the view that FDA approved items would be exempt. Please comment.
Thx.
Thx.
5i Research Answer:
It may be less than we think. SIS has $359M in sales (last full year numbers) to the US, but it does not specifically disclose what portion of this is FDA-approved products, so we sided with conservatism here.