Quidel
One sentence overview: Quidel Corporation is a manufacturer of diagnostic healthcare products that are sold worldwide.
Quidel Ticker QDEL
6/15/2020 Stock Price $203.44
6/15/2020 Market Cap $8.5B
Total Shares Outstanding Recent Quarterly Report 43 million shares
| Jan 2020 | March Low | Apr 30 | 6/15/2020 | YTD % | |
| Quidel | $75 | $74 | $139 | $203 | 169% |
| S&P 500 | 3231 | 2237 | 2585 | 3067 | -5% |
Quidel Investor Relations Page
https://ir.quidel.com/home/default.aspx
Quidel SEC Page
https://www.sec.gov/cgi-bin/browse-edgar?CIK=qdel&owner=exclude&action=getcompany
Quidel Glassdoor Ratings
https://www.glassdoor.com/Reviews/Quidel-Reviews-E1469.htm
Quidel Overview
Quidel commenced operations in 1979 and launched its first products in 1984. Quidel Corporation was formed in 1991 when Quidel and Monoclonal Antibodies merged. Quidel’s core competencies and capabilities include immunoassay development, automated manufacturing, monoclonal antibody characterization and development, and molecular assay development.
Products
Quidel’s current products fall generally into these categories: (1) lateral flow, where it focuses on infectious disease and reproductive health; (2) direct fluorescent antibodies (DFA), with expertise in infectious disease and virology; (3) micro-titer production, with a focus on bone and complement pathway markets; (4) fluorescent immunoassay products (Sofia); and (5) molecular diagnostic products.
On May 8, 2020 the U.S. Food and Drug Administration (FDA) has issued the first emergency use authorization (EUA) for a COVID-19 antigen test, a new category of tests for use in the ongoing pandemic. These diagnostic tests quickly detect fragments of proteins found on or within the virus by testing samples collected from the nasal cavity using swabs. These tests are administered in the doctor’s office.
Business and Financial Drivers
Competition
Quidel’s top competitors include GlySure, Surgical Care Affiliates, CareView Communications and Halfpenny Technologies.
Future Outlook
The recent pandemic will provide Quidel with a significant increase in revenue and presence in doctor’s offices. As a result, Quidel’s other testing products will see an increase in usage after the pandemic ends.
Disclaimer: I do not have any formal recommendation for or against this stock, so don’t buy or sell stocks based solely on what you read.
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