Welcome to our dedicated page for Quidel news (Ticker: QDEL), a resource for investors and traders seeking the latest updates and insights on Quidel stock.
QuidelOrtho Corporation reports developments in in vitro diagnostics, including rapid testing, immunoassay and molecular testing, clinical chemistry, transfusion medicine and point-of-care diagnostic platforms. Company updates commonly address financial results, revenue trends, guidance, respiratory testing seasonality, international market conditions and portfolio activity across labs, cardiac, immunohematology and molecular diagnostics.
Recurring news also covers product and technology developments such as the LEX VELO System, a point-of-care molecular PCR platform with FDA 510(k) clearance and CLIA waived status for Flu A, Flu B and COVID-19 testing, as well as diagnostic education topics including syphilis screening and high-sensitivity troponin. Governance and management changes appear alongside business updates and investor conference participation.
QuidelOrtho Corporation (Nasdaq: QDEL) reported a total revenue of $613.4 million for Q2 2022, a 247% increase from $176.6 million in Q2 2021, primarily due to a business combination completed on May 27, 2022. Supplemental combined revenue reached $898.5 million, up 37.5% in constant currency. GAAP EPS decreased to $0.36, while adjusted EPS rose to $2.12, reflecting a 123% increase. Operating income improved to $79.7 million, with a GAAP operating margin of 13%.
The company anticipates continued growth and integration synergies.
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QuidelOrtho Corporation (NASDAQ: QDEL) will report its second quarter 2022 financial results on August 4, 2022, after market close. A conference call to discuss the results will take place at 2:00 p.m. PDT / 5:00 p.m. EDT, accessible via the Investor Relations section of QuidelOrtho's website or by phone at 844-200-6205 (domestic) or 929-526-1599 (international) with Conference ID 525922. A replay will be available on their website shortly after the call.
QuidelOrtho Corporation (NASDAQ: QDEL) announces a three-year commitment of $750,000 to support the American Heart Association in improving health and addressing inequities in San Diego. This initiative aims to tackle cardiovascular disease, the leading cause of death in the U.S., and engage local communities through various health campaigns. The collaboration emphasizes the importance of prevention and awareness, focusing on campaigns like Live Fierce and Go Red for Women, ultimately striving for a healthier community.
Quidel has announced a partnership with the Global Lyme Alliance to enhance public awareness of Lyme disease, which affects nearly half a million Americans annually. The collaboration includes sponsorship of Lyme Awareness Month and accredited webinars to educate on Lyme disease prevention and treatment. Quidel is recognized as a leader in rapid point-of-care diagnostic testing, notably for Lyme disease. The company aims to improve health care quality through its innovative testing technologies.
QuidelOrtho Corporation (NASDAQ: QDEL) announced the successful completion of its merger, forming a leading in vitro diagnostics company. With combined revenues exceeding $3.5 billion in 2021, QuidelOrtho is headquartered in location value="LU/us.ca.sandgo"San Diego, California, employing around 6,000 people. Shareholders of former Ortho received $7.14 plus 0.1055 shares of QuidelOrtho stock, while Quidel stockholders received one share of QuidelOrtho for each share held. The management team plans to present at the William Blair 42nd Annual Growth Stock Conference on June 8, 2022.
Quidel Corporation (NASDAQ: QDEL) and Ortho Clinical Diagnostics Holdings plc (NASDAQ: OCDX) have announced the expected closing of their business combination on May 27, 2022. The UK High Court has sanctioned the scheme of arrangement for Ortho, which will then become a wholly owned subsidiary of Coronado Topco, Inc. Following this, Quidel will also merge with Topco, leading to the creation of QuidelOrtho Corporation. The transaction includes Ortho shareholders receiving $7.14 in cash and 0.1055 shares of QuidelOrtho stock for each Ortho share.
Quidel Corporation (NASDAQ: QDEL) announced that its acquisition of Ortho Clinical Diagnostics Holdings plc has been approved by stockholders at a Special Meeting on May 16, 2022. The transaction is expected to close on May 27, 2022, pending regulatory approvals. Under the agreement, Ortho shareholders will receive $7.14 in cash and 0.1055 shares of the combined company for each Ortho share. Post-transaction, Quidel stockholders will own approximately 62% of the combined entity. This merger aims to enhance diagnostic solutions and create long-term value for shareholders.
Quidel Corporation (NASDAQ: QDEL) reported **record financial results** for Q1 2022, with **total revenues of $1,002.3 million**, a **167% increase** year-over-year from $375.3 million. **COVID-19 product sales** surged **211%** to $836.1 million. The company's **GAAP EPS** reached **$11.31**, compared to **$4.09** in Q1 2021. **Gross profit** was $740.0 million, equating to **74% of revenue**, down from **80%** the previous year. The company anticipates growth from its **planned acquisition of Ortho Clinical Diagnostics**, aiming to enhance market penetration and diagnostics capabilities.
Quidel Corporation (NASDAQ: QDEL) will report its fiscal Q1 2022 financial results after market close on May 4, 2022. Following this, a conference call will take place with CEO Douglas Bryant and CFO Randy Steward at 5:00 p.m. ET to discuss the results and business trends. Investors can join the call via telephone or a live webcast. The company is recognized for its rapid diagnostic testing solutions, including COVID-19 tests. Its innovative products have enhanced healthcare quality globally, establishing Quidel as a key player in the medical device industry.