Filing Details

Accession Number:
0001104659-21-023875
Form Type:
13G Filing
Publication Date:
2021-02-16 16:03:41
Filed By:
Feinberg Larry N
Company:
Quidel Corp (NASDAQ:QDEL)
Filing Date:
2021-02-16
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Larry N. Feinberg 62,900 1,816,221 62,900 1,816,221 1,879,121 4.47%
Oracle Partners 0 1,305,568 0 1,305,568 1,305,568 3.10%
Oracle Institutional Partners 0 156,552 0 156,552 156,552 0.37%
Oracle Ten Fund 0 321,642 0 321,642 321,642 0.76%
Oracle Investment Management Inc. Employees Retirement Fund 0 25,959 0 25,959 25,959 0.06%
The Feinberg Family Foundation 0 6,500 0 6,500 6,500 0.02%
Oracle Associates 0 1,783,762 0 1,783,762 1,783,762 4.24%
Oracle Investment Management, Inc 0 1,809,721 0 1,809,721 1,809,721 4.30%
Filing
 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G/A

Amendment No. 18* (EXIT FILING)

 

Under the Securities Exchange Act of 1934

 

Quidel Corp

 

(Name of Issuer)

 

Common Stock

 

(Title of Class of Securities)

 

74838J101

 

 (CUSIP Number)

 

December 31, 2020

 

(Date of Event Which Requires Filing of this Statement)

  

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

 

xRule 13d-1(c)

 

¨Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 
 1 

 

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Larry N. Feinberg

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

3

 

SEC USE ONLY

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

5

 

SOLE VOTING POWER

 

62,900

6

 

SHARED VOTING POWER

 

1,816,221*

7

 

SOLE DISPOSITIVE POWER

 

62,900

8

 

SHARED DISPOSITIVE POWER

 

1,816,221*

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,879,121*

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.47%**

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

IN

* Includes 119,700 shares of common stock underlying call options that are currently exercisable.

** Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities Exchange Commission on October 30, 2020 (the “Quarterly Report”).

         
 2 

 

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Oracle Partners, LP

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

3

 

SEC USE ONLY

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

SOLE VOTING POWER

 

0

6

 

SHARED VOTING POWER

 

1,305,568*

7

 

SOLE DISPOSITIVE POWER

 

0

8

 

SHARED DISPOSITIVE POWER

 

1,305,568*

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,305,568*

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

3.10%**

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

PN

* Includes 87,500 shares of common stock underlying call options that are currently exercisable

** Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report.

         
 3 

 

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Oracle Institutional Partners, LP

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

3

 

SEC USE ONLY

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

 

SOLE VOTING POWER

 

0

6

 

SHARED VOTING POWER

 

156,552*

7

 

SOLE DISPOSITIVE POWER

 

0

8

 

SHARED DISPOSITIVE POWER

 

156,552*

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

156,552*

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.37%**

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

PN

* Includes 13,000 shares of common stock underlying call options that are currently exercisable.

** Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report.

         
 4 

 

  

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Oracle Ten Fund, LP

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

3

 

SEC USE ONLY

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

 

SOLE VOTING POWER

 

0

6

 

SHARED VOTING POWER

 

321,642*

7

 

SOLE DISPOSITIVE POWER

 

0

8

 

SHARED DISPOSITIVE POWER

 

321,642*

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

321,642*

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.76%**

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

PN

* Includes 19,200 shares of common stock underlying call options that are currently exercisable.

** Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report.

         
 5 

 

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Oracle Investment Management Inc. Employees Retirement Fund

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

3

 

SEC USE ONLY

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Connecticut

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

 

SOLE VOTING POWER

 

0

6

 

SHARED VOTING POWER

 

25,959

7

 

SOLE DISPOSITIVE POWER

 

0

8

 

SHARED DISPOSITIVE POWER

 

25,959

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

25,959

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.06%*

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

OO

* Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report.
         
 6 

 

  

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

The Feinberg Family Foundation

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

 

3

 

SEC USE ONLY

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Connecticut

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

 

SOLE VOTING POWER

 

0

6

 

SHARED VOTING POWER

 

6,500

7

 

SOLE DISPOSITIVE POWER

 

0

8

 

SHARED DISPOSITIVE POWER

 

6,500

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,500

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.02%*

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

OO

* Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report.
         
 7 

 

  

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Oracle Associates, LLC

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

3

 

SEC USE ONLY

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

 

SOLE VOTING POWER

 

0

6

 

SHARED VOTING POWER

 

1,783,762*

7

 

SOLE DISPOSITIVE POWER

 

0

8

 

SHARED DISPOSITIVE POWER

 

1,783,762*

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,783,762*

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.24%**

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

PN

* Includes 119,700 shares of common stock underlying call options that are currently exercisable.

** Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report.

         
 8 

 

  

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Oracle Investment Management, Inc.

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) 

(b) 

3

 

SEC USE ONLY

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

 

SOLE VOTING POWER

 

0

6

 

SHARED VOTING POWER

 

1,809,721*

7

 

SOLE DISPOSITIVE POWER

 

0

8

 

SHARED DISPOSITIVE POWER

 

1,809,721*

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,809,721*

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.30%**

12

 

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

* Includes 119,700 shares of common stock underlying call options that are currently exercisable.

** Calculated based on a total of 42,067,646 shares of common stock outstanding as of October 23, 2020, as reported by the Issuer in its Quarterly Report.

         
 9 

 

  

This Amendment No. 18 to Schedule 13G (this “Amendment No. 18”) is being filed with respect to the Common Stock, par value $0.001 (“Common Stock”) of Quidel Corporation, a Delaware corporation (the “Issuer”), to amend the Schedule 13G filed on April 23, 2001, as previously amended by Amendment No. 1, filed on February 14, 2002, by Amendment No. 2, filed on February 12, 2003, by Amendment No. 3, filed on February 9, 2005, by Amendment No. 4, filed on February 7, 2006, by Amendment No. 5, filed on February 15, 2008, by Amendment No. 6 filed on May 20, 2009, by Amendment No. 7, filed on February 2, 2010, by Amendment No. 8, filed on February 8, 2011, by Amendment No. 9, filed on February 6, 2012, by Amendment No. 10, filed on February 12, 2013, by Amendment No. 11 filed on February 13, 2014, by Amendment No. 12 filed on January 30, 2015, by Amendment No. 13 filed on February 3, 2016, by Amendment No. 14 filed on February 6, 2017, by Amendment No. 15 filed on February 14, 2018, by Amendment No. 16 filed on February 7, 2019 and by Amendment No. 17 filed on February 14, 2020 (as so amended, the “Schedule 13G”), in accordance with the annual amendment requirements. This Amendment No. 18 is being filed on behalf of Oracle Partners, LP, a Delaware limited partnership (“Oracle Partners”), Oracle Ten Fund, LP, a Delaware limited partnership (“Oracle Ten Fund”), Oracle Institutional Partners, LP, a Delaware limited partnership (“Institutional Partners” and, collectively with Oracle Partners and Oracle Ten Fund, the “Oracle Partnerships”), Oracle Investment Management, Inc. Employees’ Retirement Plan, an employee benefit plan organized in Connecticut (the “Retirement Plan”), Oracle Associates, LLC, a Delaware limited liability company and the general partner of the Oracle Partnerships (“Oracle Associates”), Oracle Investment Management, Inc., a Delaware corporation and the investment manager to the Oracle Partnerships and the plan administrator to the Retirement Plan (the “Investment Manager”), The Feinberg Family Foundation, a foundation organized in Connecticut (the “Foundation”), and Larry N. Feinberg, the managing member of Oracle Associates, the sole shareholder, director and president of the Investment Manager and the trustee of the Foundation (each of the foregoing, a “Reporting Person” and collectively, the “Reporting Persons”). Capitalized terms used but not defined herein have the meaning ascribed thereto in the Schedule 13G. This Amendment constitutes an exit filing of the Reporting Persons. 

 

Item 4. Ownership:

 

Item 4 of the Schedule 13G is hereby amended and restated as follows:

 

  A. Larry N. Feinberg

 

  (a) Amount beneficially owned: 1,879,121

 

  (b) Percent of class: 4.47%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or direct the vote: 62,900

 

  (ii) Shared power to vote or direct the vote: 1,816,221

 

  (iii) Sole power to dispose or direct the disposition: 62,900

 

  (iv) Shared power to dispose or direct the disposition: 1,816,221

 

  B. Oracle Partners

 

  (a) Amount beneficially owned: 1,305,568

 

  (b) Percent of class: 3.10%

 

  (c) Number of shares as to which such person has:

 

 10 

 

 

  (i) Sole power to vote or direct the vote: 0

 

  (ii) Shared power to vote or direct the vote: 1,305,568

 

  (iii) Sole power to dispose or direct the disposition: 0

 

  (iv) Shared power to dispose or direct the disposition: 1,305,568

  

  C. Institutional Partners

 

  (a) Amount beneficially owned: 156,552

 

  (b) Percent of class: 0.37%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or direct the vote: 0

 

  (ii) Shared power to vote or direct the vote: 156,552

 

  (iii) Sole power to dispose or direct the disposition: 0

 

  (iv) Shared power to dispose or direct the disposition: 156,552

  

  D. Oracle Ten Fund

 

  (a) Amount beneficially owned: 321,642

 

  (b) Percent of class: 0.76%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or direct the vote: 0

 

  (ii) Shared power to vote or direct the vote: 321,642

 

  (iii) Sole power to dispose or direct the disposition: 0

 

  (iv) Shared power to dispose or direct the disposition: 321,642

 

 11 

 

 

  E. Retirement Plan

 

  (a) Amount beneficially owned: 25,959

 

  (b) Percent of class: 0.06%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or direct the vote: 0

 

  (ii) Shared power to vote or direct the vote: 25,959

 

  (iii) Sole power to dispose or direct the disposition: 0

 

  (iv) Shared power to dispose or direct the disposition: 25,959

 

  F. Foundation

 

  (a) Amount beneficially owned: 6,500

 

  (b) Percent of class: 0.02%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or direct the vote: 0

 

  (ii) Shared power to vote or direct the vote: 6,500

 

  (iii) Sole power to dispose or direct the disposition: 0

 

  (iv) Shared power to dispose or direct the disposition: 6,500

 

  G. Oracle Associates

 

  (a) Amount beneficially owned: 1,783,762

 

  (b) Percent of class: 4.24%

  

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or direct the vote: 0

 

  (ii) Shared power to vote or direct the vote: 1,783,762

 

  (iii) Sole power to dispose or direct the disposition: 0

 

  (iv) Shared power to dispose or direct the disposition: 1,783,762

 

 12 

 

 

  H. Investment Manager

 

  (a) Amount beneficially owned: 1,809,721

 

  (b) Percent of class: 4.30%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or direct the vote: 0

 

  (ii) Shared power to vote or direct the vote: 1,809,721

 

  (iii) Sole power to dispose or direct the disposition: 0

 

  (iv) Shared power to dispose or direct the disposition: 1,809,721

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

 

 13 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

  

Dated:  February 16, 2021

 

 

 

ORACLE PARTNERS, L.P.

 

 

 

By:  ORACLE ASSOCIATES, LLC, its general partner

 

 

 

 

By:  /s/ Larry N. Feinberg                                  

        Larry N. Feinberg, Managing Member

 

 

 

 

 

ORACLE TEN FUND, LP

 

 

 

By:  ORACLE ASSOCIATES, LLC, its general partner

 

 

 

 

By:  /s/ Larry N. Feinberg                                  

        Larry N. Feinberg, Managing Member

 

 

 

 

ORACLE INSTITUTIONAL PARTNERS, LP

 

 

 

By:  ORACLE ASSOCIATES, LLC, its general partner

 

 

 

 

By:  /s/ Larry N. Feinberg                                  

        Larry N. Feinberg, Managing Member

  

 

 

ORACLE INVESTMENT MANAGEMENT, INC.
EMPLOYEES’ RETIREMENT PLAN

  

 

   By:  /s/ Larry N. Feinberg                                   
        Larry N. Feinberg, Trustee  

 

 

 14 

 

 

 

 

 

THE FEINBERG FAMILY FOUNDATION

 

By:  /s/ Larry N. Feinberg                                  
        Larry N. Feinberg, Trustee 

   
 

ORACLE INVESTMENT MANAGEMENT, INC.

 

By:  /s/ Larry N. Feinberg                                  

        Larry N. Feinberg, President 

   
 

ORACLE ASSOCIATES, LLC

 

By:  /s/ Larry N. Feinberg                                  

        Larry N. Feinberg, Manager Member 

 

 

 

  /s/ Larry N. Feinberg                                          
Larry N. Feinberg, individually 

 

 15