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QuidelOrtho Formed by the Completion of Transaction Combining Quidel and Ortho Clinical Diagnostics
QuidelOrtho to participate in the William Blair 42nd Annual Growth Stock Conference June 8, 2022 SAN DIEGO--(BUSINESS WIRE)-- QuidelOrtho Corporation
About this update from Quidelortho Corporation
[{"type":"text","content":"\nQuidelOrtho to participate in the William Blair 42nd Annual Growth Stock Conference June 8, 2022\n\n SAN DIEGO--(BUSINESS WIRE)--\nQuidelOrtho Corporation (NASDAQ: QDEL) (“QuidelOrtho”) announced completion of the transaction combining Quidel Corporation (“Quidel”) and Ortho Clinical Diagnostics Holdings plc (“Ortho”), creating QuidelOrtho, a leading in vitro diagnostics company. The new company, headquartered in San Diego, California, generated more than $3.5 billion in combined revenues in 2021 and has approximately 6,000 employees. QuidelOrtho will trade on the Nasdaq Global Select Market under the symbol “QDEL.”\n\n“We are very excited to bring together the talented and experienced teams of both Quidel and Ortho who share a commitment to the employees, customers, patients, and the communities we serve,” said Douglas Bryant, Chairman and Chief Executive Officer of QuidelOrtho. “There is a lot of important work ahead of us to deliver on our targeted synergies and new product introductions and we are energized and poised to excel in our combined mission to deliver advanced diagnostics to improve human health. We look forward to executing on our growth strategy as QuidelOrtho and enhancing care across the testing continuum while driving long-term value creation for our stockholders.”\n\nUnder the terms of the agreement governing the transaction, former Ortho shareholders received $7.14 in cash and 0.1055 shares of QuidelOrtho common stock for each Ortho common share. Former Quidel stockholders received one share of QuidelOrtho common stock for each share of Quidel common stock. The QuidelOrtho board is composed of 8 former Quidel board members and 4 former Ortho board members.\n\nQuidelOrtho to Present at Upcoming Investor Conference\n\nMembers of the QuidelOrtho management team, including Douglas Bryant, Chairman and Chief Executive Officer, and Joseph Busky, Chief Financial Officer, are scheduled to participate in the William Blair 42nd Annual Growth Stock Conference in Chicago on June 8, 2022, with a presentation scheduled for 8:00 a.m. Central Standard Time.\n\nInterested parties can access a live webcast and replay of the presentation on the “Investors” page of QuidelOrtho’s website at https://ir.quidelortho.com/, under the “Events Calendar” section of the page, or by clicking on the following link: https://wsw.com/webcas...