Diagnostic Products (NYSE:DP)
Historical Stock Chart
From May 2019 to May 2024
Diagnostic Products Corporation (NYSE:DP) reported that
they have received a letter from the U.S. Food and Drug Administration
(FDA) lifting the Application Integrity Policy (AIP). The original
restriction suspended the FDA's review of pending diagnostic test
applications DPC submitted and deferred scientific review of any
future submissions until the AIP issue was resolved.
"We are very happy to have this issue successfully resolved,"
stated Michael Ziering, CEO of Diagnostic Products Corporation.
About Diagnostic Products Corporation
Diagnostic Products Corporation, founded in 1971, is the global
leader dedicated exclusively to immunodiagnostics. DPC's product menu
includes over 75 immunoassays and more than 360 specific allergens and
allergy panels. In addition, DPC addresses the chemistry and
laboratory automation testing needs of its customers through
partnerships with manufacturers of chemistry systems and reagents. The
combined chemistry and immunoassay menu is one of the largest and most
diversified available, covering most laboratory tests requested. DPC
also designs and manufactures automated laboratory instrumentation,
which provides fast, accurate results while reducing labor and reagent
costs. DPC sells its products to hospitals, clinics and laboratories
in more than 100 countries. Additional Company information can be
found on DPC's website at www.dpcweb.com.
Except for the historical information contained herein, this press
release contains forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially.
These factors include the effects of governmental or other actions
relating to the FDA's decision that its Application Integrity Policy
should be applied to the Company or relating to the Company's Chinese
affiliate; the rate of customer demand for the Company's products; the
Company's ability to successfully market new and existing products;
its dependence on certain suppliers; domestic and foreign government
regulation; its ability to keep abreast of technological innovations
and to translate them into new products; competition; political and
economic instability in certain markets including the movements of
foreign currencies relative to the dollar; and other risks and
uncertainties disclosed from time to time in the Company's SEC reports
and filings.