Quidel
QuidelOrtho Withdraws Submitted Savanna Respiratory Panel, Obtains FDA Clearance for COVID-19 Test
The firm said the final performance data for the Savanna RVP4+ panel did not meet its expectations, and it will now resubmit a next-gen version.
The firm discussed further reducing its headcount as well as increasing its molecular and lab instrument menu as a path to margin restoration.
UBS Downgrades QuidelOrtho to Sell
The investment bank cited risks in the firm's guidance for respiratory test sales and in the launch of the Savanna point-of-care MDx system.
QuidelOrtho Parts Ways With Longtime CEO Doug Bryant
Bryant will be replaced by an "Office of the CEO" consisting of interim CEO Michael Iskra, President Robert Bujarski, and others.
QuidelOrtho Stock Tumbles as Q4, Full-Year Revenues Miss Guidance, Analyst Estimates
The firm said it missed Q4 and full-year estimates due to lower-than-expected sales of respiratory testing for influenza and COVID-19.