Type
|
Public |
---|---|
Traded as | NYSE: ALR |
Industry | health care diagnostics |
Founded | 1991 |
Headquarters | Waltham, Massachusetts, United States |
Area served
|
Worldwide |
Revenue | $2.39 billion (As of 2017) |
Website | www |
Alere Inc. is a global manufacturer of rapid point-of-care diagnostic tests. The company was founded in 2001 and is headquartered in Waltham, Massachusetts. As of January 2017, the company has a market capitalization of $3.47 billion with an enterprise value of $5.9 billion. The company was formerly known as Inverness Medical Innovations, Inc. and changed its name to Alere Inc. in 2010.
The company was founded in 1991 by Ron Zwanziger under the Name SelfCare, which went public in 1996. The company changed its name from SelfCare to Inverness Medical Technology (IMT) in 2000. One year later, it sold its diabetes business to Johnson & Johnson, and split off a new company called Inverness Medical Innovations. That company subsequently expanded its business by acquiring many companies, including Unipath, Clondiag, Ionian Technologies, TwistDx, Wampole Laboratories, Ostex International, Binax, Biosite, HemoSense, Cholestech, Redwood Toxicology, Concateno, BBI Holdings, eScreen, Standard Diagnostics, and hhh Axis-Shield.
In 2007, Alere entered into a joint venture, named Swiss Precision Diagnostics, with Procter & Gamble for the sales and marketing of its consumer diagnostics products.
In 2009, Alere won two awards in the 16th Annual National Health Information program, which recognizes the U.S.’s best consumer health information programs and materials.
In 2010, the company changed its name to Alere and began trading under the ticker ALR in NYSE.
In 2013, the company completed the acquisition of Epocal, Inc.
In July 2014 Ron Zwanziger resigned as CEO and COO Namal Nawana took over as interim CEO.
In September 2014, Zwanziger offered to take the company private for $3.82 billion.
In October 2014, the Board of Directors voted and instated Namal Nawana as the permanent CEO of Alere, Inc.
In early 2015, Alere divested its Alere Health management activities to Optum.
In February 2016, Abbott Laboratories announced it would acquire Alere Inc for $5.8 billion. However, in April, Abbott requested of Alere that this deal be terminated, a proposal rejected by Alere's board of directors.
In October 3, 2017, Abbott Laboratories closed the Alere acquisition making the surviving entity the market leader player in the $7 billion point-of-care diagnostic space within the broader $50 billion in-vitro diagnostics market with this takeover. With the acquisition of Alere,the company also obtain the subsidiary Arriva Medical, which is the largest mail-order diabetic supplier.
Alere operates three business units focused on cardiometabolic, infectious disease, and toxicology testing. The company pioneers in manufacturing rapid point-of-care diagnostic tests and provides products to healthcare professionals and patients worldwide.
In 2004, the company launched the world's first digital pregnancy test under Clearblue® Digital Pregnancy Test.
In 2010, Alere launched the Alere CD4 analyser, the world’s first to provide absolute CD4 results at the Point of Care, making the management of HIV patients easier and more effective.
October 2012, the company received a warning from the Food and Drug Administration (FDA) for its inadequate response to FDA’s earlier observations on its manufacturing process of the Triage products.
In 2014 Alere received clearance from US FDA for the Alere i Influenza A&B, a rapid molecular point-of-care test to detect and differentiate Influenza A&B virus in less than 15 minutes. In Jan 2015, Alere received US CLIA waiver for the Alere i Influenza test. In April 2015, Alere received FDA clearance for its second test on the Alere i platform, the Alere i Strep A test for Group A Streptococcus, which provides results in 8 minutes or less.
In March 2015 Alere received IVD CE mark for Alere q HIV analyser, a fully automated nucleic acid testing platform which brings the power of molecular testing to bench tops in any healthcare setting.
In August 2016 Alere received FDA Clearance for Alere i RSV Rapid Molecular Test which detects RSV infections in 13 minutes or less.
In 2016 the U.S. Justice Department launched an investigation into Alere's role in potential Medicaid and Medicare fraud.
2016-07-12 | Reiterated Rating | Jefferies Group | Hold | |
2016-07-12 | Reiterated Rating | Leerink Swann | Buy | |
2016-04-30 | Reiterated Rating | Canaccord Genuity | Hold | |
2016-04-29 | Upgrade | Craig Hallum | Hold to Buy | |
2016-04-28 | Upgrade | Leerink Swann | Market Perform to Outperform | $56.00 |
2016-04-27 | Upgrade | Leerink Partner | Market Perform to Outperform | |
2016-04-27 | Upgrade | Leerink Swann | Market Perform to Outperform | |
2016-04-21 | Reiterated Rating | Jefferies Group | Hold | |
2016-04-21 | Reiterated Rating | Canaccord Genuity | Hold | $46.00 |
2016-03-16 | Reiterated Rating | Canaccord Genuity | Hold | $56.00 |
2016-03-15 | Downgrade | BTIG Research | Buy to Neutral | |
2016-02-29 | Reiterated Rating | Canaccord Genuity | Hold | $56.00 |
2016-02-02 | Reiterated Rating | Craig Hallum | Buy to Hold | $56.00 |
2016-02-02 | Downgrade | Canaccord Genuity | Buy to Hold | $52.00 to $56.00 |
2016-02-02 | Downgrade | Raymond James | Outperform to Market Perform | |
2016-02-02 | Downgrade | Jefferies Group | Buy to Hold | $54.00 to $56.00 |
2016-02-02 | Boost Price Target | Leerink Swann | Market Perform | $50.00 to $56.00 |
2016-02-02 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2016-02-01 | Downgrade | Goldman Sachs | Buy to Neutral | $47.00 to $56.00 |
2016-02-01 | Reiterated Rating | Canaccord Genuity | Buy to Hold | $52.00 to $56.00 |
2016-02-01 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $47.00 to $56.00 |
2016-01-11 | Reiterated Rating | BTIG Research | Buy | $60.00 |
2016-01-04 | Reiterated Rating | BTIG Research | Buy | |
2015-12-29 | Reiterated Rating | BTIG Research | Buy | $60.00 |
2015-12-22 | Lower Price Target | Goldman Sachs | Buy | $53.00 to $50.00 |
2015-11-08 | Reiterated Rating | BTIG Research | Buy | $65.00 |
2015-11-05 | Lower Price Target | Canaccord Genuity | Buy | $60.00 to $52.00 |
2015-11-05 | Lower Price Target | Leerink Swann | $50.00 | |
2015-11-05 | Lower Price Target | Wedbush | Neutral | $43.00 to $39.00 |
2015-11-02 | Boost Price Target | Wedbush | $38.00 to $41.00 | |
2015-11-02 | Boost Price Target | Raymond James | Strong-Buy | $46.00 to $50.00 |
2015-11-02 | Boost Price Target | Leerink Swann | Market Perform | $42.00 to $44.00 |
2015-11-02 | Reiterated Rating | Canaccord Genuity | Buy | $60.00 to $52.00 |
2015-10-23 | Reiterated Rating | BTIG Research | Buy | $65.00 |
2015-08-12 | Reiterated Rating | BTIG Research | Buy | $65.00 |
2015-08-05 | Reiterated Rating | Leerink Swann | Hold | $50.00 to $55.00 |
2015-08-04 | Reiterated Rating | Canaccord Genuity | Buy | $60.00 |
2015-08-04 | Reiterated Rating | BTIG Research | Buy | $65.00 |
2015-07-23 | Reiterated Rating | BTIG Research | Buy | $65.00 |
2015-07-16 | Initiated Coverage | Canaccord Genuity | Buy | $60.00 |
2015-07-16 | Reiterated Rating | BTIG Research | Buy | $65.00 |
2015-06-23 | Upgrade | Goldman Sachs | Neutral to Buy | $50.00 to $60.00 |
2015-06-23 | Boost Price Target | Raymond James | Strong-Buy | $57.00 to $60.00 |
2015-05-26 | Initiated Coverage | Canaccord Genuity | Buy | $56.00 to $60.00 |
2015-05-09 | Reiterated Rating | Goldman Sachs | Neutral | $47.00 to $50.00 |
2015-05-06 | Reiterated Rating | BTIG Research | Buy | $65.00 |
2015-05-06 | Reiterated Rating | Canaccord Genuity | Buy | $56.00 |
2015-05-06 | Boost Price Target | Jefferies Group | Buy | $55.00 to $56.00 |
2015-04-07 | Boost Price Target | Canaccord Genuity | Buy | $50.00 to $56.00 |
2015-04-02 | Set Price Target | Canaccord Genuity | Buy | $50.00 to $56.00 |
2015-03-26 | Upgrade | Goldman Sachs | Sell to Neutral | $42.00 to $47.00 |
2015-03-23 | Set Price Target | BTIG Research | Buy | $55.00 |
2015-03-20 | Boost Price Target | Jefferies Group | Buy | $50.00 to $55.00 |
2015-03-13 | Boost Price Target | Leerink Swann | Market Perform | $44.00 to $50.00 |
2015-03-11 | Reiterated Rating | Canaccord Genuity | Buy | $50.00 |
2015-03-09 | Reiterated Rating | BTIG Research | Buy | $55.00 |
2015-02-12 | Downgrade | Citigroup Inc. | Market Weight | |
2015-02-12 | Reiterated Rating | Canaccord Genuity | Buy | $46.00 to $50.00 |
2015-02-11 | Reiterated Rating | Jefferies Group | Buy | $48.00 to $50.00 |
2015-02-11 | Set Price Target | Wedbush | Neutral | $38.00 to $41.00 |
2015-02-09 | Set Price Target | BTIG Research | Buy | $52.00 |
2015-02-04 | Boost Price Target | Canaccord Genuity | Buy | $46.00 to $50.00 |
2014-10-29 | Upgrade | Craig Hallum | Hold to Buy | |
2014-10-03 | Initiated Coverage | ING Group | Buy | $48.00 |
2014-10-02 | Initiated Coverage | BTIG Research | Buy | |
2014-09-16 | Boost Price Target | Leerink Swann | $38.00 to $45.00 | |
2014-09-16 | Boost Price Target | Canaccord Genuity | Buy | $45.00 to $46.00 |
2014-09-03 | Downgrade | Goldman Sachs | Neutral to Sell | |
2014-08-05 | Lower Price Target | Jefferies Group | Buy | $45.00 to $40.00 |
2014-08-05 | Lower Price Target | Leerink Swann | Market Perform | $40.00 to $38.00 |
2014-08-05 | Lower Price Target | Canaccord Genuity | $50.00 to $45.00 | |
2014-07-10 | Boost Price Target | Canaccord Genuity | Buy | $45.00 to $50.00 |
2014-05-01 | Upgrade | Craig Hallum | Sell to Hold | |
2014-04-30 | Reiterated Rating | Leerink Swann | Market Perform | $38.00 to $36.00 |
2014-03-24 | Boost Price Target | Leerink Swann | $36.00 to $38.00 | |
2014-01-10 | Boost Price Target | Wunderlich | Buy | $40.00 to $45.00 |
2013-12-18 | Initiated Coverage | JMP Securities | Mkt Perform to Outperform | $45.00 |
2013-11-25 | Boost Price Target | Jefferies Group | $50.00 | |
2013-05-10 | Reiterated | Mizuho | Neutral | $20 to $25 |
2013-02-19 | Reiterated | Mizuho | Neutral | $18 to $20 |
2012-08-09 | Reiterated | Mizuho | Neutral | $27 to $18 |
2012-05-24 | Downgrade | Capstone Investments | Buy to Hold | $32 to $32 |
2012-02-09 | Reiterated | RBC Capital Mkts | Sector Perform | $22 to $25 |
2011-07-29 | Downgrade | Wedbush | Outperform to Neutral | $41 to $31 |
2011-07-27 | Downgrade | JMP Securities | Mkt Outperform to Mkt Perform | |
2011-02-18 | Reiterated | Wedbush | Outperform | $37 to $44 |
2011-01-04 | Initiated | Wunderlich | Buy | $49 |
2010-12-13 | Reiterated | JMP Securities | Mkt Outperform | $34 to $42 |
2010-11-16 | Initiated | Canaccord Genuity | Buy | $40 |
2010-11-02 | Reiterated | JMP Securities | Mkt Outperform | $37 to $34 |
2010-07-29 | Reiterated | Wedbush | Outperform | $38 to $36 |
2016-07-12 | Reiterated Rating | Jefferies Group | Hold | |
2016-07-12 | Reiterated Rating | Leerink Swann | Buy | |
2016-04-30 | Reiterated Rating | Canaccord Genuity | Hold | |
2016-04-29 | Upgrade | Craig Hallum | Hold to Buy | |
2016-04-28 | Upgrade | Leerink Swann | Market Perform to Outperform | $56.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ALR 20 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Institutional Trust Company, N.A. | 2.27M |
ORBIS HOLDINGS LTD | 2.21M |
BlackRock Fund Advisors | 0.93M |
KEELEY ASSET MANAGEMENT CORP | 0.40M |
BLACKROCK ADVISORS LLC | 0.17M |
DECADE CAPITAL MANAGEMENT LLC | 0.16M |
JANUS CAPITAL MANAGEMENT LLC | 0.13M |
MANAGED ACCOUNT ADVISORS LLC | 0.11M |
CATAPULT CAPITAL MANAGEMENT LLC | 91622 |
PERMAL ASSET MANAGEMENT LLC | 72800 |
BlackRock Group LTD | 66127 |
Airain ltd | 57000 |
BlackRock Investment Management, LLC | 55366 |
BAIRD ROBERT W & CO INC /WI/ | 37399 |
RUSSELL FRANK CO/ | 36144 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
ZWANZIGER RON Chairman, CEO & President | 2.17% (1806696) | ALR / |