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Quidel Files to Register Common Stock Underlying Publicly Traded Warrants

SAN DIEGO, Feb. 4 /PRNewswire/ -- Quidel Corporation (Nasdaq: QDEL) announced today that it will be filing a (shelf) registration statement on Form S-3 covering the 950,000 shares of common stock underlying its outstanding publicly traded warrants, pursuant to the registration rights provisions of the Warrant Agreement.

Quidel is obligated to register these shares promptly after the average closing price of Quidel shares on the Nasdaq National Market is at least $6.50 per share for twenty consecutive days. The average price was met on January 21, 2000. The exercise price of the warrants is $7.50.

The warrants themselves were registered on Form 8-A in 1992 and are listed on the Nasdaq National Market under the symbol QDELW. The warrants expire by their terms on April 30, 2002.

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