Business
Distribution Agreement
Distribution Agreement.
About this update from Genedrive Plc
[{"type":"text","content":"\n \nRNS Number : 6251T Genedrive PLC 16 October 2017 \n\n \nFor release: 16 October 2017 \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \ngenedrive plc (\"genedrive\" or the \"Company\")\ngenedrive signs distribution agreement with Sysmex Europe GmbH(\"Sysmex Europe\")\n Sysmex Europe to target commercial HCV opportunity in Africa\ngenedrive plc (AIM: GDR), the near patient molecular diagnostics company, today announces that it has signed a distribution agreement with Sysmex Europe GmbH, a subsidiary of Sysmex Corporation, a world leader in clinical laboratory systemization and solutions, for the Genedrive® HCV ID Kit and Genedrive® platform in the EMEA region with an initial focus on Africa. genedrive and Sysmex Europe anticipate commercialisation beginning in the coming months targeting end users in decentralised laboratories in multiple countries in Africa, with the rest of the EMEA region to follow. \nWith the advent of new 'curative' direct acting antiviral treatments for Hepatitis C (HCV), genedrive and Sysmex Europe believe that there is a major opportunity to support tackling the global burden of the disease if accurate, decentralised diagnostics can be used to identify those living with HCV and give them access to therapy. genedrive's HCV test is the first to market as a decentralised qualitative molecular HCV test for use at the point of need. This agreement follows the recent CE-IVD Certification from the EU for Genedrive® HCV ID Kit, a qualitative molecular assay for HCV. \ngenedrive will retain responsibility for product development, quality management, and manufacturing while Sysmex Europe will be responsible for sales, marketing, customer support and distribution activities across the EMEA region. Working together, the companies will now focus on securing the required regulatory approvals in individual territories of Africa and genedrive anticipates commercial traction during the 2017/2018 financial year. \n \n\"We are very pleased to have Sysmex as our first commercial partner for our HCV test, and ou...