QuidelOrtho Corporation
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- QuidelOrtho Corporation (Nasdaq: QDEL), founded in 1979 and headquartered in San Diego, California, develops, manufactures and markets in vitro diagnostic technologies for point-of-care settings, clinical laboratories and transfusion medicine worldwide, serving customers in over 140 countries across North America, Europe, the Middle East, Africa, China and other regions. The company offers a comprehensive portfolio of products and services including visually-read lateral flow assays such as QuickVue for infectious diseases, reproductive health and cardiac markers; Sofia fluorescent immunoassay analyzers and tests; direct fluorescent antibody tests; molecular diagnostics via LYRA real-time PCR assays and the forthcoming LEX Diagnostics platform; clinical chemistry and immunodiagnostic systems like VITROS; donor screening with Ortho Summit, VERSEIA and VITROS systems; pre-transfusion testing through ORTHO VISION analyzers and ORTHO CONNECT software; semi-automated immunohematology solutions including ORTHO Workstation and ORTHO OPTIX Reader; and Ortho Care services and informatics for lab efficiency. In recent developments, QuidelOrtho announced in June 2025 a strategy to accelerate growth in point-of-care molecular diagnostics by intending to acquire full ownership of LEX Diagnostics for approximately $100 million upon U.S. FDA clearance expected in late 2025 or early 2026, while discontinuing development of its Savanna platform; the company also completed a major debt refinancing in August 2025, issuing $1.15 billion in 5-year Term Loan A, $1.45 billion in 7-year Term Loan B, a $100 million delayed draw facility and a $700 million revolving credit facility to extend maturities, reduce amortization and enhance financial flexibility.
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