Quidel Signs Retail Distribution Agreement to Increase Access to At-Home COVID-19 Testing
Quidel Corporation (NASDAQ: QDEL) has finalized a distribution agreement with McKesson Corporation to enhance access to its QuickVue® At-Home OTC COVID-19 Test. This partnership aims to expedite the rollout to various markets, including schools and businesses. McKesson will leverage its retail and e-commerce platforms to facilitate the product's distribution. The QuickVue Test, authorized by the FDA, provides results in under 10 minutes and boasts high accuracy, agreeing with PCR results 83.5% of the time. Shipping is set to commence soon.
- Partnership with McKesson enhances distribution capabilities.
- Accurate QuickVue® Test results support public health initiatives.
- The QuickVue® Test allows for quick and easy home testing.
- None.
Quidel Corporation (NASDAQ: QDEL) (“Quidel”), a leading provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, announced today that it has completed a distribution and fulfillment agreement with McKesson Corporation, a global leader in healthcare supply chain management solutions and retail pharmacy, to expedite consumer access to Quidel’s non-prescription QuickVue® At-Home OTC COVID-19 Test.
The agreement with distribution leader McKesson will enable Quidel to continue to supply existing customers in the professional segment and also reach significant new markets as the company introduces its new over-the-counter COVID-19 antigen product for retail markets and testing for reopening schools, and for health departments, employers, entertainment centers, and many other locations. McKesson will be Quidel’s lead commercial partner in fulfilling QuickVue® At-Home OTC COVID-19 rapid antigen test orders to individuals and businesses with the following support:
- Access to multiple retailers, where McKesson will accelerate our product roll-out strategy.
- Availability to McKesson’s Health Mart franchise, allowing Quidel access to a network of over 5,000 independent pharmacies.
- E-commerce support; ability to rapidly introduce products across multiple e-commerce sites, such as Amazon, eBay, and Simply Medical, McKesson’s home health e-commerce site.
“We are pleased to partner with McKesson, expecting to leverage McKesson’s ability to sell and distribute QuickVue through online channels like Amazon, WalMart.com, and through retail pharmacies, including their network of independent Health Mart pharmacies, grocery outlets, as well as health systems and other medical providers,” said Douglas Bryant, president and CEO of Quidel Corporation. “This distribution agreement is intended to expedite broad availability of our QuickVue® At-Home OTC COVID-19 Test for families, schools and businesses and help Quidel meet our goal of democratizing access to affordable antigen testing. We are proud that the combined strength of our two companies working in partnership can truly advance individual and public health.”
The QuickVue® At-Home OTC COVID-19 Test received Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) in March. The QuickVue® At-Home OTC COVID-19 Test allows consumers to easily perform the test themselves without a doctor’s prescription and get highly accurate results in 10 minutes or less from nasal swab samples. The QuickVue® At-Home OTC COVID-19 Test shows excellent performance, with positive results agreeing with PCR
Shipping of the QuickVue® At-Home OTC COVID-19 Test is expected to begin early next week, and it will be available from McKesson and its customer outlets soon thereafter.
The QuickVue® At-Home OTC COVID-19 Test is only for use under the Food and Drug Administration’s Emergency Use Authorization. The QuickVue® At-Home OTC COVID-19 Test has not been FDA cleared or approved. The test has been authorized only for the detection of proteins from SARS-CoV-2, not for any other viruses or pathogens, and is only authorized for the duration of the declaration that circumstances exist justifying the authorization of emergency use of in vitro diagnostic tests for detection and/or diagnosis of COVID-19 under Section 564(b)(1) of the Federal Food, Drug and Cosmetic Act, 21 U.S.C. § 360bbb-3(b)(1), unless the declaration is terminated or authorization is revoked sooner.
Visit www.quickvueathome.com for more information.
About Quidel Corporation
Quidel Corporation (Nasdaq: QDEL) is a leading manufacturer of diagnostic solutions at the point of care, delivering a continuum of rapid testing technologies that further improve the quality of health care throughout the globe. An innovator for over 40 years in the medical device industry, Quidel pioneered the first FDA-cleared point-of-care test for influenza in 1999 and was the first to market a rapid SARS-CoV-2 antigen test in the U.S. Under trusted brand names Sofia®, Solana®, Lyra®, Triage® and QuickVue®, Quidel’s comprehensive product portfolio includes tests for a wide range of infectious diseases, cardiac and autoimmune biomarkers, as well as a host of products to detect COVID-19. With products made in America, Quidel’s mission is to provide patients with immediate and frequent access to highly accurate, affordable testing for the good of our families, our communities and the world. For more information about Quidel, visit quidel.com.
View our story told by our people at www.quidel.com/ourstory
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that involve material risks, assumptions and uncertainties. Many possible events or factors could affect our future results and performance, such that our actual results and performance may differ materially from those that may
FAQ
What is the significance of Quidel's agreement with McKesson?
What are the key features of the QuickVue® At-Home OTC COVID-19 Test?
When will the QuickVue® test be available to consumers?
How does the QuickVue® Test contribute to public health?
