Business
Cosmos Health Expands Global Presence into India, a Market with Over 1.4Bn People, Through Exclusive Agreement to Distribute Virax Biolabs' Mpox PCR Detection Kits
CHICAGO, IL / ACCESSWIRE / September 23, 2024 / Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / September 23, 2024 / Cosmos Health Inc. (\"Cosmos Health\" or the \"Company'') (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that it has entered into an exclusivity agreement with Virax Biolabs to distribute mpox (formerly monkeypox) virus real-time PCR detection kits across India.With a population of over 1.4 billion, India is an important region where enhanced detection capabilities are needed. Following the second reported case of mpox on September 18, 2024, Cosmos Health is well-positioned to support the country's efforts in identifying and managing cases, contributing to ongoing public health initiatives.On August 14, 2024, WHO Director-General Dr. Tedros Adhanom Ghebreyesus declared a global public health emergency due to the rising mpox cases in the Democratic Republic of the Congo and other African nations. Since then, mpox has spread beyond Africa, with confirmed cases in Europe and Asia, raising global concern.Greg Siokas, CEO of Cosmos Health, stated: \"We are pleased to expand our strategic partnership with Virax well beyond Europe. Following our recent exclusive agreement to distribute detection kits throughout the Gulf region, we are now extending this collaboration to India, further strengthening our global presence.\"About Cosmos Health Inc.Cosmos Health Inc. (Nasdaq:COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe® and C-Sept®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&...