QDEL - Quidel more quick diagnosis Message Board

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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 21.27

+0.9%

3:59 PM EST

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To: H.J. Schellenberg who wrote (982)	7/25/1997 9:54:00 AM
From: jad	of 1693

Only down a 1/4; Hope this is just a Short term problem: ``We expect to resolve these production issues and to fill these back orders early in the second fiscal quarter,'' said Steven T. Frankel, QUIDEL's president and chief executive officer. The loss was due to decreased revenue, higher royalty payments, and non- recurring litigation costs. The company said it expects to eliminate the future impact of the added royalty expense through manufacturing cost reductions, higher productivity, and new product introductions which will be phased in during the balance of its current fiscal year. Perhaps someone listening in on the conference call can add to this - hopefully it's POSITIVE!

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