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Cepheid Comments on Study Regarding MRSA Surveillance Reported in the Journal of the American Medical Association
Date:3/12/2008

Company Reaffirms 2008 Financial Guidance

SUNNYVALE, Calif., March 12 /PRNewswire-FirstCall/ -- Cepheid (Nasdaq: CPHD) today announced it has posted on its website, http://www.cepheid.com, comments on a study recently published in the Journal of the American Medical Association regarding MRSA screening in surgical patients.

Cepheid also announced that it is reaffirming its previously-announced financial guidance for 2008 of revenues of $182-189 million and net income, excluding stock compensation expense and the amortization of acquired intangibles, of $3 million to $5 million.

About Cepheid

Based in Sunnyvale, Calif., Cepheid (Nasdaq: CPHD) is an on-demand molecular diagnostics company that develops, manufactures, and markets fully-integrated systems for genetic analysis in the clinical, industrial and biothreat markets. The company's systems enable rapid, sophisticated genetic testing for organisms and genetic-based diseases by automating otherwise complex manual laboratory procedures. The company's easy-to-use systems integrate a number of complicated and time-intensive steps, including sample preparation, DNA amplification and detection, which enable the analysis of complex biological samples in its proprietary test cartridges. Through its strong molecular biology capabilities, the company is focusing on those applications where rapid molecular testing is particularly important, such as identifying infectious disease and cancer in the clinical market; food, agricultural, and environmental testing in the industrial market; and identifying bio-terrorism agents in the biothreat market. See http://www.cepheid.com for more information.

This press release contains forward-looking statements that are not purely historical regarding Cepheid's or its management's intentions, beliefs, expectations and strategies for the future, including those relating to future revenues and future net income. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from the company's current expectations. Factors that could cause actual results to differ materially include risks and uncertainties such as those relating to: our success in increasing direct sales and marketing organization, and the effectiveness of any new sales personnel the company hires; the performance and market acceptance of new products; sufficient customer demand; our ability to develop and complete clinical trials successfully in a timely manner for new products; uncertainties related to the FDA regulatory and European regulatory processes; the rate of environmental biothreat testing conducted by the USPS, which will affect the amount of consumable products sold; unforeseen development and manufacturing problems; the potential need for additional licenses for new tests and other products and the terms of such licenses; lengthy sales cycles in certain markets; the company's reliance on distributors in some regions to market, sell and support its products; the occurrence of unforeseen expenditures, acquisitions or other transactions; the impact of acquisitions; the impact of competitive products and pricing; our ability to manage geographically-dispersed operations; and underlying market conditions worldwide. Readers should also refer to the section entitled "Risk Factors" in Cepheid's Annual Report on Form 10-K and its other reports filed with the Securities and Exchange Commission. All forward-looking statements and reasons why results might differ included in this release are made as of the date of this press release, based on information currently available to Cepheid, and Cepheid assumes no obligation to update any such forward-looking statement or reasons why results might differ.

CONTACTS:

At the Company:

John L. Bishop Jared Tipton

CEO, Cepheid Director, IR & Corporate

408-541-4191 408-400-8377

john.bishop@cepheid.com jared.tipton@cepheid.com

For Media Inquiries: For Investor Inquiries:

Chris Stamm Jason Spark

Schwartz Communications Porter Novelli Life Sciences

781-684-0770 619-849-6005

cepheid@schwartz-pr.com jspark@pnlifesciences.com


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SOURCE Cepheid
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