Quidel’s Sofia® 2 Point-of-Care Immunoassay Analyzer Receives Multiple Awards from Good Design Australia®’s 2017 Good D...
23 June 2017 - 8:45AM
Business Wire
Quidel Corporation (NASDAQ: QDEL), a provider of rapid
diagnostic testing solutions, cellular-based virology assays and
molecular diagnostic systems, announced today that its Sofia 2
point-of-care immunoassay analyzer has received special recognition
from Good Design Australia, an international design promotion
organization responsible for managing Australia’s annual Good
Design Awards and other signature design events.
Sofia 2 is Quidel’s next-generation version of its best-selling
Sofia instrumented system. Sofia 2 utilizes the original Sofia’s
fluorescent chemistry design while improving upon the graphical
user interface and optics system to provide an accurate, automated
and objective result in as few as 3 minutes. Sofia 2 also
integrates wireless connectivity and its barcode scanner within a
smaller footprint than the legacy Sofia instrument.
Quidel’s Sofia 2 Immunoassay Analyzer received three separate
awards:
- Good Design Award for Product
Design: Medical and Scientific – Recognizes superior examples
of good design, “a globally recognized seal for design
excellence.”
- Patron’s Prize – Recognizes “the
best Australian designed product or service in the annual Good
Design Awards and is awarded to an entry that has the potential to
shape the future economic, social, cultural and environmental
aspects of our planet.”
- CSIRO Innovation Award –
Recognizes “the important role of design-led innovation in
harnessing the challenges of science and technology to create
better products and services that make a positive impact on our
lives.” The award is selected from Good Design Awards finalists and
evaluated by CSIRO representatives based on specific evaluation
criteria.
“We’ve made many thoughtful improvements to our original
best-selling Sofia platform, so we are very pleased to have Good
Design Australia acknowledge Sofia 2, our latest commercial
offering for point-of-care testing,” said Douglas Bryant, president
and chief executive officer of Quidel Corporation. “We believe that
this new system will prove to be an invaluable asset in accurately
and quickly diagnosing infectious diseases, as well as aggregating
testing results in real time in order to more accurately chart the
prevalence of positive diagnoses.”
About Quidel Corporation
Quidel Corporation serves to enhance the health and well-being
of people around the globe through the development of diagnostic
solutions that can lead to improved patient outcomes and provide
economic benefits to the healthcare system. Marketed under the
Sofia®, QuickVue®, D3® Direct Detection, Thyretain® and
InflammaDry® leading brand names, as well as under the new Solana®,
AmpliVue® and Lyra® molecular diagnostic brands, Quidel's products
aid in the detection and diagnosis of many critical diseases and
conditions, including, among others, influenza, respiratory
syncytial virus, Strep A, herpes, pregnancy, thyroid disease and
fecal occult blood. Quidel's research and development engine is
also developing a continuum of diagnostic solutions from advanced
lateral-flow and direct fluorescent antibody to molecular
diagnostic tests to further improve the quality of healthcare in
physicians' offices and hospital and reference laboratories. For
more information about Quidel's comprehensive product portfolio,
visit quidel.com.
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve material
risks, assumptions and uncertainties. Many possible events or
factors could affect our future financial results and performance,
such that our actual results and performance may differ materially
from those that may be described or implied in the forward-looking
statements. As such, no forward-looking statement can be
guaranteed. Differences in actual results and performance may arise
as a result of a number of factors including, without limitation,
fluctuations in our operating results resulting from seasonality,
the timing of the onset, length and severity of cold and flu
seasons, government and media attention focused on influenza and
the related potential impact on humans from novel influenza
viruses, adverse changes in competitive conditions in domestic and
international markets, changes in sales levels as it relates to the
absorption of our fixed costs, lower than anticipated market
penetration of our products, the reimbursement system
currently in place and future changes to that system, changes in
economic conditions in our domestic and international markets, the
quantity of our product in our distributors’ inventory or
distribution channels, changes in the buying patterns of our
distributors, and changes in the healthcare market and
consolidation of our customer base; our development and
protection of intellectual property; our development of new
technologies, products and markets; our reliance on a limited
number of key distributors; our reliance on sales of our influenza
diagnostics tests; our ability to manage our growth strategy,
including our ability to integrate companies or technologies we
have acquired or may acquire; intellectual property risks,
including but not limited to, infringement litigation; our debt
service requirements; our inability to settle conversions of our
Convertible Senior Notes in cash; the effect on our operating
results from the trigger of the conditional conversion feature of
our Convertible Senior Notes; the possibility that we may incur
additional indebtedness; our need for additional funds to finance
our operating needs; volatility and disruption in the global
capital and credit markets; acceptance of our products among
physicians and other healthcare providers; competition with other
providers of diagnostic products; adverse actions or delays in
new product reviews or related to currently-marketed products by
the U.S. Food and Drug Administration (the “FDA”); changes in
government policies; compliance with other government regulations,
such as safe working conditions, manufacturing practices,
environmental protection, fire hazard and disposal of hazardous
substances; third-party reimbursement policies; our ability to meet
demand for our products; interruptions in our supply of raw
materials; product defects; business risks not covered by insurance
and exposure to other litigation claims; interruption to our
computer systems; competition for and loss of management and key
personnel; international risks, including but not limited to,
compliance with product registration requirements, exposure to
currency exchange fluctuations and foreign currency exchange risk
sharing arrangements, longer payment cycles, lower selling prices
and greater difficulty in collecting accounts receivable, reduced
protection of intellectual property rights, political and economic
instability, taxes, and diversion of lower priced international
products into U.S. markets; dilution resulting from future sales of
our equity; volatility in our stock price; provisions in our
charter documents, Delaware law and our Convertible Senior Notes
that might delay or impede stockholder actions with respect to
business combinations or similar transactions; and our intention of
not paying dividends. Forward-looking statements typically are
identified by the use of terms such as “may,” “will,” “should,”
“might,” “expect,” “anticipate,” “estimate,” “plan,” “intend,”
“goal,” “project,” “strategy,” “future,” and similar words,
although some forward-looking statements are expressed differently.
The risks described in reports and registration statements that we
file with the Securities and Exchange Commission (the “SEC”) from
time to time, should be carefully considered. You are cautioned not
to place undue reliance on these forward-looking statements, which
reflect management’s analysis only as of the date of this press
release. Except as required by law, we undertake no obligation to
publicly release the results of any revision or update of these
forward-looking statements, whether as a result of new information,
future events or otherwise.
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Quidel CorporationRandy StewardChief Financial Officer(858)
552-7931orMedia and Investors Contact:Ruben Argueta(858)
646-8023rargueta@quidel.com
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