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 companys Web site addressing the study and affirming Cepheids 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 Cepheids 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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