CINCINNATI--(BUSINESS WIRE)--Sep. 30, 2009--
Meridian Bioscience, Inc., Cincinnati, Ohio (NASDAQ: VIVO) announced
today that Meridian Bioscience Europe srl, Milan, Italy has signed an
agreement with BÜHLMANN Laboratories AG, Schönenbuch, Switzerland for
distribution in Italy of an innovative test for inflammatory conditions
of the intestine, Quantum Blue® Calprotectin. The test which
detects calprotectin, a GI inflammatory marker, is a fundamental tool in
differentiating between Inflammatory Bowel Disease (IBD) and Irritable
Bowel Syndrome (IBS). Patients suffering from IBS do not have increased
faecal calprotectin values. Faecal calprotectin concentrations, as
measured by the BÜHLMANN Calprotectin assay, are significantly elevated
in patients with IBD and correlate well with endoscopic an histological
assessment of disease activity. Over two million patients in Europe
suffer from IBD, and it is estimated that IBS affects more than 30
million Europeans. This novel and simple test will avoid unnecessary
colon endoscopies for Ulcerative Colitis or Crohn's disease and will
minimize discomfort while offering substantial savings for patients and
health systems.
Antonio Interno, President of Meridian Bioscience Europe, commented:
"The BÜHLMANN Calprotectin test fits very well in Meridian's
gastroenteric product range providing another key technology for our lab
customers. Preliminary customer interest and sales indicate that the
BÜHLMANN Calprotectin test will contribute to FY2010 revenues in Italy.
We are also discussing the extension of the distribution agreement to
the French market."
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 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, which may be identified by words
such as "estimates", "anticipates", "projects", "plans", "seeks", "may",
"will", "expects", "intends", "believes", "should" and similar
expressions or the negative versions thereof and which also may be
identified by their context. Such statements, whether expressed or
implied, are based upon current expectations of the Company and speak
only as of the date made. The Company 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's 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's
competition. While Meridian has introduced a number of internally
developed products, there can be no assurance that it will be successful
in the future in introducing such products on a timely basis. 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 our
customers operate can change expected results, as well as adverse trends
in buying patterns from customers. Costs and difficulties in complying
with laws and regulations 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. Changes in the
relative strength or weakness of the U.S. dollar can also change
expected results. One of Meridian's main 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 successfully
integrated into Meridian's operations. In addition to the factors
described in this paragraph, Part I, Item 1A Risk Factors of our Form
10-K contains a list and description of uncertainties, risks and other
matters that may affect the Company which are incorporated by reference
into this press release.
Meridian is a fully integrated life science company that manufactures,
markets and distributes a broad range of innovative diagnostic test
kits, purified reagents and related products and offers
biopharmaceutical enabling technologies. Utilizing a variety of methods,
these products and diagnostic tests provide accuracy, simplicity and
speed in the early diagnosis and treatment of common medical conditions,
such as gastrointestinal, viral and respiratory infections. Meridian’s
diagnostic products are used outside of the human body and require
little or no special equipment. The Company's products are designed to
enhance patient well-being while reducing the total outcome costs of
healthcare. Meridian has strong market positions in the areas of
gastrointestinal and upper respiratory infections, serology,
parasitology and fungal disease diagnosis. In addition, Meridian is a
supplier of rare reagents, specialty biologicals and related
technologies used by biopharmaceutical companies engaged in research for
new drugs and vaccines. The Company markets its products and
technologies to hospitals, reference laboratories, research centers,
veterinary testing centers, physician offices, diagnostics manufacturers
and biotech companies in more than 60 countries around the world. The
Company’s shares are traded through NASDAQ’s Global Select Market,
symbol VIVO. Meridian's website address is www.meridianbioscience.com.
Source: Meridian Bioscience, Inc.
Meridian Bioscience, Inc.
John A. Kraeutler, Chief Executive
Officer, 513-271-3700