Orasure Technologies Inc.

NASDAQ:OSUR   2:32:10 PM EDT
8.57
-0.17 (-1.94%)
Officer Changes, Divestitures / Spin-offs, Mergers / Acquisitions

OraSure Technologies- CEO Stephen Tang Will Be Leaving Co As Of March 31, 2022

Published: 01/05/2022 19:05 GMT
Orasure Technologies Inc. (OSUR) - Orasure Technologies Announces Actions to Enhance Stockholder Value.commences Review of Strategic Alternatives.
Announces Transition of CEO and Organizational Changes.
Expects to Deliver Total Revenue in Fiscal Q4 at Low End of Co's Guidance Range of About $60 Million.
Anticipates Total Inteliswab™ Revenue of About $12 Million for Quarter and $20 Million for Full Year.
Stephen Tang Phd, President and Ceo, Will Be Leaving Company As of March 31, 2022.
Has Initiated a Search for His Successor As Ceo.
Has Appointed Director Eamonn Hobbs to Serve As Point Person for Board.
Hobbs Will Not Be a Candidate for Permanent CEO Position.
In Process of Hiring Staff for Additional Shifts, Installing Additional Automated Equipment to Further Increase Production.
Intends to Explore and Evaluate a Broad Range of Strategic Alternatives With Goal of Maximizing Value for Stockholders.
Q4 Revenue View $62.6 Million -- Refinitiv Ibes Data (analyst estimates).