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Cepheid Reports First Quarter 2007 Results

Published in FDA Law Weekly, May 24th, 2007

Cepheid (Nasdaq: CPHD) today announced financial results for the first quarter ended March 31, 2007.

Total product sales for the first quarter ended March 31, 2007 were $22.1 million, an increase of 15% from the $19.3 million for the first quarter ended March 31, 2006. Clinical product sales for the first quarter increased 103% to $7.4 million from the corresponding prior year period. Clinical product sales represented 34% of total product sales for the first quarter of 2007 compared to 19% of total product sales for the first quarter of 2006. Industrial product sales for the first quarter decreased 8% to $3.2 million from the corresponding prior year period. Industrial...

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