Item 7.01 Regulation FD Disclosure.

On August 28, 2020, the Board of Directors (the "Board") of Quidel Corporation (the "Company") authorized an increase of an additional $150 million to the Company's previously announced stock repurchase program authorization. The Board also extended the repurchase authorization through August 28, 2022. Prior to the Board's approval of the increase, as of August 28, 2022, the Company had approximately $8 million of share repurchase authorization remaining under the original $50 million repurchase program. Accordingly, as of August 28, 2022, the Company had approximately $158 million of share repurchase authorization remaining under the revised repurchase program.

The timing and pace of the Company's repurchase activity under the stock repurchase program, if any, will depend on a number of factors, including the amount of cash generated by the Company's operations, the Company's liquidity and capital requirements, the Company's potential alternative uses of capital and the Company's stock price. Under the stock repurchase program, shares of the Company's common stock may be repurchased from time to time in both privately negotiated and open market transactions, including pursuant to Rule 10b5-1 plans. The timing and amount of the Company's common stock purchased under the stock repurchase program, if any, will be subject to management's evaluation of market conditions, applicable legal requirements and other factors. The stock repurchase program authorizes the Company to repurchase shares of its common stock, but does not require the Company to repurchase its common stock. The Company may initiate, suspend or discontinue purchases under the stock repurchase program at any time. Furthermore, the program may be modified, suspended or terminated at any time without prior notice.

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