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Gen-Probe Announces $150 Million Stock Repurchase Plan
Date:2/15/2011

cleic acid testing (NAT), and received the 2004 National Medal of Technology, America's highest honor for technological innovation, for developing NAT assays for blood screening.  Gen-Probe is headquartered in San Diego and employs approximately 1,400 people. For more information, go to www.gen-probe.com.

Caution Regarding Forward-Looking StatementsAny statements in this news release regarding our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements.  These statements are often, but not always, made through the use of words or phrases such as believe, will, expect, anticipate, estimate, intend, plan and would.  For example, statements concerning future share repurchases are forward-looking statements.  Forward-looking statements are not guarantees of performance.  They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied.  Some of these risks, uncertainties and assumptions include but are not limited to: (i) the risk that unforeseen circumstances may prohibit Gen-Probe from executing its share repurchase program in whole or in part, (ii) the risk that share repurchases will not be accretive to earnings, (iii) the risk that Gen-Probe will not have adequate cash to execute on its strategic or operational initiatives, or will require debt to do so, and (iv) the risk that Gen-Probe's share price will not appreciate above the prices at which Gen-Probe repurchases shares.  The foregoing list sets forth some, but not all, of the factors that could affect our ability to achieve results described in any forward-looking statements.  For additional information about risks and uncertainties we face and a discussion of our financial statements and footnotes, s
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