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Prior to its acquisition in early 2010 by Quidel Corporation for $130 million, Diagnostic Hybrids was a profitable and rapidly growing manufacturer of direct fluorescent antibody in vitro diagnostic assays. Its products were widely used in hospital and reference laboratories for the detection of viral respiratory infections—including influenza A/B—herpes viruses, chlamydia, and thyroid diseases. The company reported $51 million in revenue for FY2009 with strong growth driven by demand during the H1N1 pandemic[2][7].
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