26.09.2007 18:48:00
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Exclusive Agreement Announced Between Quidel Corporation and Roche Pharma AG
Quidel Corporation (NASDAQ: QDEL), a leading provider of rapid
point-of-care (POC) diagnostic tests, announced today an exclusive
partnership to provide Roche Pharma AG with the QuickVue Influenza A+B
rapid diagnostic test for its marketing and selling activities along
with its Tamiflu (Oseltamivir) antiviral for the 2007 –
2008 influenza season in Germany. The agreement will leverage the
strength and speed of the QuickVue rapid test to help characterize
influenza infection (the flu) along with the Tamiflu treatment to
improve patient recovery time.
"Vaccination, diagnosis and treatment are the
three mainstays of combating seasonal flu. This partnership with Roche
and Quidel pairs two leading companies committed to promoting excellence
in diagnostic testing and treatment for many patients in a wide range of
facilities,” said Caren Mason, president and
CEO of Quidel. "This is a further
demonstration of our QVB™ (Quidel Value Build)
strategy,” she continued.
Commented Dr. Hagen Pfundner, Managing Director, Roche Germany, "The
partnership with Quidel will aid physicians in their prompt diagnosis of
influenza infection leading to better and faster decision making on
adequate treatment options including Tamiflu and thus faster relief from
flu symptoms."
The flu is a contagious respiratory illness caused by influenza viruses.
It can cause mild to severe illness, and at times can lead to death. On
average, anywhere between 10-20% of a given population in Germany will
get the flu resulting in ten to twenty thousand hospitalizations,
costing the German healthcare system approximately 5 Billion Euro. The
QuickVue brand Influenza tests, which outsell the nearest competitor 3
to 1 in the United States, offer a quick and convenient method with
highly accurate results to aid in the diagnosis of influenza infection
which can lead to earlier treatment. Tamiflu, the number one
doctor-prescribed influenza flu medicine, is approved for the prevention
and treatment of influenza in adults and children aged 1 year and older.
A new flu virus comes around every winter, infecting people of all ages
and causing lost days from school and work. In the late fall and winter,
flu outbreaks can begin suddenly, and can spread quickly through local
communities.
About Quidel Corp.
Quidel Corporation serves to enhance the health and well being of people
around the globe through the discovery, development, manufacturing and
marketing of rapid diagnostic solutions at the point of care (POC) in
infectious diseases and reproductive health. Marketed under the leading
brand name of QuickVue®,
Quidel’s portfolio of products currently
includes tests that aid in the diagnosis of several disease or condition
states, including influenza, respiratory syncytial virus, Fecal Occult
Blood, Strep A, pregnancy, bacterial vaginosis, infectious
mononucleosis, H. pylori and Chlamydia. Quidel's products are
sold to healthcare professionals with a focus on the physician office
lab and acute care markets through leading medical distribution partners
on a worldwide basis. Quidel's Specialty Products Group (SPG) develops
research products in the fields of oncology and bone health with
potential future point-of-care applications. By building value in rapid
diagnostic tests, Quidel provides leadership to the industry and among
healthcare professionals allowing for the movement of patient testing
out of the central laboratory setting and into the physician office,
urgent care and other outpatient settings where rapid testing and
treatment has an impact on clinical outcomes and provides an economic
benefit. For more information, visit www.quidel.com,
www.flutest.com, or www.colorectal-test.com.
About Roche and the Roche Diagnostics Division
Headquartered in Basel, Switzerland, Roche is one of the world’s
leading research-focused healthcare groups in the fields of
pharmaceuticals and diagnostics. As the world’s
biggest biotech company and an innovator of products and services for
the early detection, prevention, diagnosis and treatment of diseases,
the Group contributes on a broad range of fronts to improving people’s
health and quality of life. Roche is the world leader in in-vitro
diagnostics and drugs for cancer and transplantation, a market leader in
virology and active in other major therapeutic areas such as autoimmune
diseases, inflammation, metabolism and central nervous system. In 2006
sales by the Pharmaceuticals Division totaled 33.3 billion Swiss francs,
and the Diagnostics Division posted sales of 8.7 billion Swiss francs.
Roche employs roughly 75,000 worldwide and has R&D agreements and
strategic alliances with numerous partners, including majority ownership
interests in Genentech and Chugai. Roche’s
Diagnostics Division offers a uniquely broad product portfolio and
supplies a wide array of innovative testing products and services to
researchers, physicians, patients, hospitals and laboratories
world-wide. For further information, please visit our website at www.roche.com.
This press release contains forward-looking statements within the
meaning of the federal securities laws that involve material risk 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. As such, no forward-looking statement
can be guaranteed. Differences in operating results may arise as
a result of a number of factors including, without limitation,
uncertainty with research technology development, seasonality, adverse
changes in the competitive and economic conditions in domestic and
international markets, actions of our major distributors, manufacturing
and production delays or difficulties, adverse actions or delays in
product reviews by the U.S. Food and Drug Administration ("FDA”),
intellectual property, product liability, environmental or other
litigation, and the lower acceptance of our new products than forecast.
Forward-looking statements typically are identified by the use of terms
such as "may,” "will,” "should,” "might,” "expect,” "anticipate,” "estimate” and
similar words, although some forward-looking statements are expressed
differently. The risks described under "Risk
Factors” in reports and registration
statements that we file with 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. We undertake no
obligation to publicly release the results of any revision or update of
the forward-looking statements.
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