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NEW YORK (GenomeWeb) – Diagnostics manufacturer Quidel reported after the close of the market on Thursday that its fourth quarter revenues increased more than fivefold year over year due primarily to COVID-19 product sales.

For the three months ended Dec. 31, 2020 Quidel reported revenues of $809.2 million, up from $152.2 million in Q4 2019. The revenues were slightly above the analysts' consensus estimate of $809.1 million and consistent with the firm's preliminary earnings estimates.

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According to BBC News, the global vaccine-sharing initiative has sent its first shipment, which arrived in Ghana this week.

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