{"id":441701,"date":"2021-02-23T08:03:15","date_gmt":"2021-02-23T13:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441701"},"modified":"2021-02-23T08:03:15","modified_gmt":"2021-02-23T13:03:15","slug":"meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/","title":{"rendered":"Meridian Bioscience Provides a Further Update on the Revogene\u00ae SARS-CoV-2 EUA Submission"},"content":{"rendered":"
\n

CINCINNATI, Feb. 23, 2021 (GLOBE NEWSWIRE) — Meridian Bioscience, Inc. (NASDAQ: VIVO), a provider of diagnostic testing solutions and life science raw materials, provided a further update on its application for Emergency Use Authorization (EUA) with the U.S. Food and Drug Administration (FDA) for the SARS-CoV-2 molecular diagnostic test on its Revogene\u00ae<\/sup> platform.<\/p>\n

Following the submission of Meridian\u2019s written response to the FDA\u2019s request for additional information on its Revogene\u00ae<\/sup> SARS-CoV-2 test on February 16, 2021 and further discussions with the FDA, on February 22, 2021, Meridian Bioscience elected to withdraw its EUA application. Between now and the end of March 2021 and based on guidance from the FDA, Meridian intends to conduct a new clinical validation study and a Limit-of-Detection bridging study, with the intention of re-submitting an EUA application for its SARS-CoV-2 test on the Revogene\u00ae<\/sup> platform as soon as possible thereafter. Upon notification to the FDA of its intent to re-submit an EUA application, during its third fiscal quarter, Meridian expects to resume shipping of this test to customers. Any change to our financial guidance will be discussed during our 2021 second fiscal quarter earnings call, scheduled for May 7, 2021, when we have more complete information.<\/p>\n

FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements accompanied by meaningful cautionary statements. Except for historical information, this report contains forward-looking statements within the meaning of Section\u00a027A of the Securities Act of 1933, as amended, and Section\u00a021E of the Securities Exchange Act of 1934, which may be identified by words such as \u201ccontinues\u201d, \u201cestimates\u201d, \u201canticipates\u201d, \u201cprojects\u201d, \u201cplans\u201d, \u201cseeks\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201cexpects\u201d, \u201cintends\u201d, \u201cbelieves\u201d, \u201csignals\u201d, \u201cshould\u201d, \u201ccan\u201d, \u201cguidance\u201d and similar expressions or the negative versions thereof and which also may be identified by their context. All statements that address operating performance or events or developments that Meridian expects or anticipates will occur in the future, including, but not limited to, statements relating to per share diluted net earnings, sales, product demand, revenue, operating margin, other guidance and the impact of\u00a0COVID-19\u00a0on its business and prospects, are forward-looking statements. Such statements, whether expressed or implied, are based upon current expectations of the Company and speak only as of the date made. Specifically, Meridian\u2019s forward-looking statements are, and will be, based on management\u2019s then-current views and assumptions regarding future events and operating performance. Meridian assumes no obligation to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. These statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially, including, without limitation, the following: Meridian\u2019s operating results, financial condition and continued growth depends, in part, on its ability to introduce into the marketplace enhancements of existing products or new products that incorporate technological advances, meet customer requirements and respond to products developed by Meridian\u2019s competition, its ability to effectively sell such products and its ability to successfully expand and effectively manage increased sales and marketing operations. While Meridian has introduced a number of internally developed products and acquired products, there can be no assurance that it will be successful in the future in introducing such products on a timely basis or in protecting its intellectual property, and unexpected or costly manufacturing costs associated with its introduction of new products or acquired products could cause actual results to differ from expectations. Meridian relies on proprietary, patented and licensed technologies. As such, the Company\u2019s ability to protect its intellectual property rights, as well as the potential for intellectual property litigation, would impact its results. Ongoing consolidations of reference laboratories and formation of multi-hospital alliances may cause adverse changes to pricing and distribution. Recessionary pressures on the economy and the markets in which the Company\u2019s customers operate, as well as adverse trends in buying patterns from customers, can change expected results. Costs and difficulties in complying with laws and regulations, including those administered by the United States Food and Drug Administration, can result in unanticipated expenses and delays and interruptions to the sale of new and existing products, as can the uncertainty of regulatory approvals and the regulatory process (including the currently ongoing study and other FDA actions regarding the Company\u2019s LeadCare products and emergency use authorization application for the Revogene SARS-CoV-2 test). The international scope of Meridian\u2019s operations, including changes in the relative strength or weakness of the U.S. dollar and general economic conditions in foreign countries, can impact results and make them difficult to predict. One of Meridian\u2019s growth strategies is the acquisition of companies and product lines. There can be no assurance that additional acquisitions will be consummated or that, if consummated, will be successful and the acquired businesses will be successfully integrated into Meridian\u2019s operations. There may be risks that acquisitions may disrupt operations and may pose potential difficulties in employee retention, and there may be additional risks with respect to Meridian\u2019s ability to recognize the benefits of acquisitions, including potential synergies and cost savings or the failure of acquisitions to achieve their plans and objectives. Meridian cannot predict the outcome of future goodwill impairment testing and the impact of possible goodwill impairments on Meridian\u2019s earnings and financial results. Meridian cannot predict the possible impact of U.S. health care legislation enacted in 2010 \u2013 the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act \u2013 and any modification or repeal of any of the provisions thereof initiated by Congress or the presidential administration, and any similar initiatives in other countries on its results of operations. Efforts to reduce the U.S. federal deficit, breaches of Meridian\u2019s information technology systems, trade wars, increased tariffs, and natural disasters and other events could have a materially adverse effect on Meridian\u2019s results of operations and revenues. The Company can make no assurances that a material weakness in its internal control over financial reporting will not be identified in the future, which if identified and not properly corrected, could materially adversely affect its operations and result in material misstatements in its financial statements. Meridian also is subject to risks and uncertainties related to disruptions to or reductions in business operations or prospects due to pandemics, epidemics, widespread health emergencies, or outbreaks of infectious diseases such as\u00a0COVID-19.\u00a0In addition to the factors described in this paragraph, as well as those factors identified from time to time in the Company\u2019s filings with the Securities and Exchange Commission, Part I, Item 1A Risk Factors of the Company\u2019s most recent Annual Report on Form\u00a010-K\u00a0contains a list and description of uncertainties, risks and other matters that may affect the Company. Readers should carefully review these forward-looking statements and risk factors, and not place undue reliance on the Company\u2019s forward-looking statements.<\/p>\n

\n About Meridian Bioscience, Inc.<\/strong>
\n
Meridian is a fully integrated life science company that develops, manufactures, markets and distributes a broad range of innovative diagnostic products. We are dedicated to developing and delivering better solutions that give answers with speed, accuracy and simplicity that are redefining the possibilities of life from discovery to diagnosis. Through discovery and development, we provide critical life science raw materials used in immunological and molecular tests for human, animal, plant, and environmental applications. Through diagnosis, we provide diagnostic solutions in areas including gastrointestinal and upper respiratory infections and blood lead level testing. We build relationships and provide solutions to hospitals, reference laboratories, research centers, veterinary testing centers, physician offices, diagnostics manufacturers, and biotech companies in more than 70 countries around the world.<\/p>\n

Meridian\u2019s shares are traded on the NASDAQ Global Select Market, symbol VIVO. Meridian\u2019s website address is www.meridianbioscience.com<\/a>.<\/p>\n

\n Contact:<\/strong>
\n
Charlie Wood
Vice President \u2013 Investor Relations
Meridian Bioscience, Inc.
Phone: +1 513.271.3700
Email: mbi@meridianbioscience.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CINCINNATI, Feb. 23, 2021 (GLOBE NEWSWIRE) — Meridian Bioscience, Inc. (NASDAQ: VIVO), a provider of diagnostic testing solutions and life science raw materials, provided a further update on its application for Emergency Use Authorization (EUA) with the U.S. Food and Drug Administration (FDA) for the SARS-CoV-2 molecular diagnostic test on its Revogene\u00ae platform. Following the submission of Meridian\u2019s written response to the FDA\u2019s request for additional information on its Revogene\u00ae SARS-CoV-2 test on February 16, 2021 and further discussions with the FDA, on February 22, 2021, Meridian Bioscience elected to withdraw its EUA application. Between now and the end of March 2021 and based on guidance from the FDA, Meridian intends to conduct a new clinical validation study and a … <\/p>\n

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(NASDAQ: VIVO), a provider of diagnostic testing solutions and life science raw materials, provided a further update on its application for Emergency Use Authorization (EUA) with the U.S. Food and Drug Administration (FDA) for the SARS-CoV-2 molecular diagnostic test on its Revogene\u00ae platform. Following the submission of Meridian\u2019s written response to the FDA\u2019s request for additional information on its Revogene\u00ae SARS-CoV-2 test on February 16, 2021 and further discussions with the FDA, on February 22, 2021, Meridian Bioscience elected to withdraw its EUA application. Between now and the end of March 2021 and based on guidance from the FDA, Meridian intends to conduct a new clinical validation study and a … Continue reading \"Meridian Bioscience Provides a Further Update on the Revogene\u00ae SARS-CoV-2 EUA Submission\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-23T13:03:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzY0OCMzOTg5NzIzIzIwMDYwNjY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Meridian Bioscience Provides a Further Update on the Revogene\u00ae SARS-CoV-2 EUA Submission","datePublished":"2021-02-23T13:03:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/"},"wordCount":1315,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzY0OCMzOTg5NzIzIzIwMDYwNjY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/meridian-bioscience-provides-a-further-update-on-the-revogene-sars-cov-2-eua-submission\/","name":"Meridian Bioscience Provides a Further Update on the Revogene\u00ae SARS-CoV-2 EUA Submission - 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