Quidel Q1 Revenues Drop 26 Percent | GenomeWeb

NEW YORK (GenomeWeb) — Quidel said after the close of the market Wednesday that first quarter revenues fell 26 percent to $46.7 million from $62.7 million in Q1 2013.

The decrease in revenue was due to lower sales of infectious disease products in Q1 2014, the result of a weak respiratory disease season.

In Q1, the company generated $18.3 million in total influenza product sales, as a year-over-year decrease in QuickVue Influenza product sales was partially offset by $6.2 million in Sofia Influenza revenue, a 42 percent increase over Q1 2013.

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