QuidelOrtho Corporation v/k/a Quidel Corporation sued for

NEW YORK, May 2, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm is issuing the following notice to stockholders of QuidelOrtho Corporation v/k/a Quidel Corporation (NASDAQ: QDEL).

Shareholders who purchased shares of QDEL during the stated Class Period are encouraged to contact the company regarding a possible lead plaintiff appointment. Appointment as lead plaintiff is not required to participate in any recovery actions.


QuidelOrtho Loss Submission Form

CLASS PERIOD: February 18, 2022 to April 1, 2024

MOVES: The complaint alleges that during the class period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (a) QuidelOrtho sold more COVID-19 tests to its distributors and pharmacy chain customers than they to healthcare resell providers and end customers; (b) that there were excess supplies of COVID-19 tests throughout the supply chain; (c) that, as a result of (a)-(b) above, QuidelOrtho’s pharmacy chain distributors and customers were about to significantly reduce their COVID-19 test orders; (d) that undisclosed issues created an increased risk that the new test, called the Savanna Respiratory Viral Panel-4 test, would experience a delayed commercial launch in the United States; (e) that, as a result of (a)-(d) above, Defendants had no reasonable basis for their positive statements about QuidelOrtho’s business, financials and growth trajectory.

DEADLINE: June 11, 2024 Shareholders may not delay registration for this class action. Register your details here: https://securitiesclasslaw.com/securities/quidelortho-loss-submission-form/?id=77707&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of QDEL during the time frame mentioned above, you will be enrolled in portfolio monitoring software to provide you with status updates throughout the lifecycle of the business. The deadline to become lead plaintiff is June 11, 2024. There are no fees or obligations for you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The Company seeks recovery on behalf of investors who suffered losses when false and/or misleading statements or omissions of material information by a company led to artificial inflation of the Company’s stock. Advertising lawyer. Previous results do not guarantee comparable results.

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