OraSure Technologies Announces $25 Million Share Repurchase Program
2008-08-05 15:00:00
OraSure Technologies Announces $25 Million Share Repurchase Program
BETHLEHEM, Pa.–(EMWNews)–OraSure Technologies, Inc. (NASDAQ:OSUR), a market leader in oral fluid
diagnostics, today announced that its Board of Directors has approved a
share repurchase program to acquire up to $25 million of its outstanding
common shares.
Purchases under the program will be made at the Company’s
discretion, subject to market conditions, in the open market, in
privately-negotiated transactions or otherwise, including pursuant to a
10b5-1 plan, and will be made in accordance with the regulations of the
U.S. Securities and Exchange Commission. The Company has made no
commitment to purchase any shares, and purchases may be discontinued at
any time.
About OraSure Technologies
OraSure Technologies develops, manufactures and markets oral fluid
specimen collection devices using proprietary oral fluid technologies,
diagnostic products including immunoassays and other in vitro diagnostic
tests, and other medical devices. These products are sold in the United
States as well as internationally to various clinical laboratories,
hospitals, clinics, community-based organizations and other public
health organizations, distributors, government agencies, physicians’
offices, and commercial and industrial entities.
OraSure Technologies is the leading supplier of oral-fluid collection
devices and assays to the life insurance industry and public health
markets for the detection of antibodies to HIV. In addition, the Company
supplies oral-fluid testing solutions for drugs of abuse testing. For
more information on the Company, please go to www.orasure.com.
OraSure Technologies, Inc. Officer |
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