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Diagnostic Testing & Technology Report

JAMA Study Sends Chill Through IVD Market
April 2008

The publication of the JAMA study sent a chill through the in vitro diagnostics industry and prompted Cepheid CEO John Bishop to post a letter to his company’s Web site addressing the study and affirming Cepheid’s financial guidance for 2008. Cepheid has built its business on the GeneXpert molecular diagnostics platform and its MRSA screening test. Last year, revenues for the clinical product sales segment of Cepheid’s business, which accounted for 52 percent of total 2007 product sales of $116.5 million, were primarily driven by the U.S. market launch of the Xpert MRSA test in April 2007.

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