UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 2011
ALERE INC.
(Exact name of registrant as specified in charter)
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| Delaware
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1-16789
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04-3565120 |
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
51 Sawyer Road, Suite 200, Waltham, Massachusetts 02453
(Address of Principal Executive Offices) (Zip Code)
(781) 647-3900
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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| Item 7.01. |
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Regulation FD Disclosure. |
On September 27, 2011, Alere Inc. and Quidel Corporation amended the terms of the agreement
pursuant to which Alere licenses its lateral flow patents to Quidel primarily in order to modify
the royalty payable by Quidel thereunder. In consideration of a one-time payment of $13.8 million
payable by Quidel on or before October 2, 2011, Alere and Quidel agreed to reduce the royalty rate
payable under the license from 8.5% to 4.25% for the period beginning July 1, 2011 and ending with
the expiration of the last patent to expire of the Alere portfolio of lateral flow patents. Also,
during January 2012, at the option of either Quidel or Alere, the remaining royalty obligation
under the license may be converted to a fully paid up license effective January 1, 2012, in
consideration of a payment of $15.7 million less royalties paid
at the reduced rate of 4.25% for the
period July 1, 2011 through December 31, 2011.