Our expectations going forward are for continued organic growth, although at a moderated rate in the near term. Our simple-to-use molecular platform, illumigene ® has continued to perform well. We now have approximately 900 customers servicing over 1,000 hospitals and private labs. Growth in this category continues to come primarily from illumigene C. difficile, and illumigene GBS is gaining traction for prenatal screening. During July, we submitted illumigene Group A Strep (GAS) for FDA marketing clearance. In the strep testing market, many labs must perform a back-up test for all negative quick tests. Today, most of those back-up tests are 1-2 day cultures. We believe illumigene GAS, once cleared for use in the U.S., will be a better alternative due to its faster time-to-results and its potentially greater accuracy. illumigene is approaching its second year anniversary and, while results have been quite good thus far, we believe that the customer uptake can accelerate, especially as our menu evolves with the addition of Group A strep followed by Mycoplasma pneumoniae and Whooping Cough (Pertussis) later this year.Overall, Meridian has multiple innovations and a powerful pipeline that can drive our organic growth in all reporting units. Our operating capabilities continue to meet supply and quality demands. Our focus continues to be on the refinement of our global capability to execute our plans rapidly, uniformly and with the highest standards of professionalism.”
Meridian Bioscience Reports Third Quarter And Nine Months Operating Results, Declares Regular Cash Dividend, And Revises Fiscal 2012 Guidance
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