Cepheid Expands European PortfolioZacks Investmentupdated May 29, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Last week, Cepheid (CPHD) expanded its portfolio in Europe with CE Mark approvals of both Xpert CT/NG and Xpert CT tests. The company expects to begin shipments of the two tests shortly. The tests that will run on Cepheid’s flagship GeneXpert system are meant to detect and differentiate between Chlamydia trachomatis (“CT”) and Neisseria gonorrhoeae (“NG”). These tests are capable of detecting results within 90 minutes thus aiding the treatment process. The company was expecting the approval of the CT/NG tests. Cepheid had been working hard to speed up the clinical trial process and as a result incurred higher costs in the most recent quarter. The company also plans to make the test available in the US in late 2012. Gonorrhoeae and Chlamydia are sexually transmitted infections, which are easily treated when detected early. These tests would hugely benefit the patient population as the rate of reported chlamydial infections doubled during the last decade, as per estimates of the European Centers for Disease Control and Prevention. Besides, the traditional method of detecting the disease is time consuming, which makes the treatment challenging. We are encouraged by Cepheid’s focus on portfolio expansion that should drive its top line in the forthcoming period. Although the company is one of the leading players in the healthcare associated infections (“HAI”) segment, it is also looking at expanding in non-HAI markets, which include critical infectious diseases, women’s health, virology and oncology and genetics. Several tests are under development and the company is looking at launching new tests in each of these markets in the 2013–2014 timeframe. This is significant as the competitive landscape is tough with the presence of players such as Myriad Genetics (MYGN) and Genomic Health (GHDX). Recent CE Mark approvals in Europe were followed by the US approval of Cepheid’s high-throughput automated molecular system, GeneXpert Infinity-80. This is the latest addition to the GeneXpert family and works on the GeneXpert module technology. The system, initially cleared to be used with the Xpert Flu test, is scheduled to hit the market on July 1, 2012. We have a Neutral recommendation for Cepheid. The stock retains a Zacks #3 Rank (Hold) in the short term. CEPHEID INC (CPHD): Free Stock Analysis Report To read this article on Zacks.com click here. Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.