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Last $49.97 USD
Change Today -0.04 / -0.08%
Volume 217.9K
ALR On Other Exchanges
New York
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

alere inc (ALR) Snapshot

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04/9/15 - $50.61
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04/30/14 - $31.94
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alere inc (ALR) Details

Alere Inc. provides point-of-care diagnostics and services for infectious and cardiometabolic diseases, and toxicology and in the United States and internationally. It operates in three segments: Professional Diagnostics, Patient Self-Testing, and Consumer Diagnostics. The Professional Diagnostics segment provides diagnostic test products and other in vitro diagnostic tests to medical professionals and laboratories for detection of diseases and conditions in the areas of viral hepatitis; respiratory syncytial virus; influenza; pneumonia; tuberculosis; human immunodeficiency virus/acquired immunodeficiency syndrome; gastrointestinal disease; vector-borne diseases, such as malaria and dengue; and herpes and other sexually-transmitted diseases, as well as diabetes, high blood pressure, high cholesterol, metabolic syndrome, coronary artery disease, heart attack, and heart failure and stroke. The Patient-Self Testing segment provides home monitoring patient self-testing services that support anticoagulation management through frequent self-testing by patients who take warfarin to control their risk for stroke and clotting disorders. The Consumer Diagnostics segment provides products for over-the-counter pregnancy and fertility/ovulation test markets; and over-the-counter drug tests for at-home testing and cholesterol monitoring under the First Check brand name, as well as vaginal gel for the treatment of bacterial vaginosis without antibiotics. Alere Inc. markets its professional diagnostic products to hospitals, reference laboratories, physician offices, and other point-of-care settings through its sales force and distribution networks; and First Check consumer drug testing products through retail drug stores, drug wholesalers, groceries, and mass merchandisers. The company was formerly known as Inverness Medical Innovations, Inc. and changed its name to Alere Inc. in July 2010. Alere Inc. was founded in 1981 and is headquartered in Waltham, Massachusetts.

9,800 Employees
Last Reported Date: 03/5/15
Founded in 1981

alere inc (ALR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Executive officer
Total Annual Compensation: $408.8K
Compensation as of Fiscal Year 2013.

alere inc (ALR) Key Developments

Alere Inc. Receives FDA Clearance for Alere i Strep A Rapid Molecular Test

Alere Inc. announced that its Alere i Strep A test has received marketing clearance from the U.S. Food and Drug Administration (FDA). Alere i Strep A is the first molecular test that detects Group A Streptococcus (GAS) bacteria in throat swab specimens in 8 minutes or less. Upon receipt of this clearance from the FDA, Alere submitted an application for CLIA (Clinical Laboratory Improvement Amendments) waiver of the Alere i Strep A test. Other assays currently in development on the Alere i platform include respiratory syncytial virus (RSV), C. difficile and Chlamydia/Gonorrhoea. The Alere i molecular platform was initially cleared for marketing by the FDA for the detection and differentiation of influenza A and B virus in June 2014. In January 2015, Alere i Influenza A & B became the first-ever molecular test to receive CLIA waiver, which allows for broad use by healthcare providers, ranging from hospitals and physician offices to clinics and other healthcare settings. Expanding the menu on the Alere i platform to include Strep A and potentially other assays increases the utility of the platform for a wider range of users. Furthermore, given the less seasonal nature of Strep A, its addition enhances the value of the platform for users on a year-round basis.

Alere Inc. Announces Executive Changes

Alere Inc. announced that James F. Hinrichs will be appointed Executive Vice President and Chief Financial Officer, effective April 6, 2015, with global responsibility for Finance, Procurement, IT and Shared Services. Hinrichs succeeds David Teitel who will remain with the company during a transition period. Hinrichs joins Alere with nearly 25 years of experience in financial and executive leadership roles across the healthcare industry. He most recently served as the CFO of CareFusion.

Alere Announces Resignation of David Teitel as Chief Financial Officer Transition

Alere Inc. announced that David Teitel, the company's Chief Financial Officer (CFO), will transition from the role of Chief Financial Officer when a suitable successor is hired. Mr. Teitel intends to continue in the CFO role until his successor is named and to work closely with the management team, including the new CFO, to facilitate a smooth and successful transition of his responsibilities.


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Price/Sales 1.6x
Price/Book 3.1x
Price/Cash Flow 425.7x
TEV/Sales NM Not Meaningful

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