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DECN Announces Significant Agreement With Russian Federation Partner for Genviro! and Genviro! Pro COVID-19 Testing Kits as Well as Its Venerable GenUltimate! Blood Glucose Products
DECN Announces Significant Agreement With Russian Federation Partner for Genviro! and Genviro! Pro COVID-19 Testing Kits as Well as Its Venerable GenUltimate! Blood Glucose Products.
About this update from Decision Diagnostics Corp
[{"type":"text","content":"Company Continues to Pursue Global Distribution Agreements During the "Home Stretch" in U.S. Based FDA Level TestingLOS ANGELES, CA / ACCESSWIRE / December 1, 2020 / Decision Diagnostics Corp. (OTC PINK:DECN) www.decisiondiagnostics.co, a leading manufacturer and worldwide distributor of diabetic test strips engineered to operate on legacy glucose meters through its subsidiary Pharma Tech Solutions, Inc., today announced it has signed an agreement for the sale of its Genviro! and Genviro! Pro Covid-19 testing products as well as several of its GenUltimate! blood glucose products through a large Moscow-based distribution company. The agreement provides for exclusivity in the Russian Federation territory and the Ukraine, countries that have a combined population of approximately 280 million people.In a November 30th article in the Korea Times, https://www.koreatimes.co.kr/www/tech/2020/11...99908.html, it was reported that, "Russia's virus test market is around $300 million."The GenUltimate! Precis products were brought to completion specifically for this Russian partner and present a special opportunity not often encountered. The company's GenUltimate! Precis product will replace a similar product formerly manufactured by J&J Lifescan as a later version of the popular worldwide OneTouch Ultra/Select product line. This product is no longer available for sale in the Russian Federation, the largest customer territory for the OneTouch Select Plus product line. Large markets devoid of competition do not often materialize.The Russian Federation agreement comes on the heels of recently completed distribution agreements for GenViro! Covid-19 10.5 Second Saliva Swift Kits in Asia, including India, and more recently covering Puerto Rico, the Dominican Republic, the US Virgin Islands and areas across the Caribbean and Central America. The company had previously announced it had signed agreements with distributors/dealers covering Nigeria, Ivory Coast and Lebanon. The Russian Federation announcement and flurry of distributor/dealer activity comes as the company enters into the "home stretch" in its GenViro! FDA testing submission efforts with a Pennsylvania-based FDA and CLIA certified testing lab.NOT AVAILABLE IN THE UNITED STATES OR PUERTO RICO"We had always recognized that Genviro! could find...