Chembio Diagnostics Awarded UNICEF Contract to Supply Point-of-Care Zika/Chikungunya/Dengue Tests and Micro Readers
Chembio Diagnostics, Inc. (CEMI)
Last chembio diagnostics, inc. earnings: 3/12 04:07 pm
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Source: GlobeNewswire
MEDFORD, N.Y., March 07, 2019 (GLOBE NEWSWIRE) -- Chembio Diagnostics, Inc. (Nasdaq: CEMI), a leader in point-of-care diagnostic tests for infectious diseases, today announced that it will be awarded a conditional Long Term Arrangement (LTA) from UNICEF for purchases of the company’s DPP® Zika/Chikungunya/Dengue System. The UNICEF LTA, which is valid through December 31, 2020, includes a firm purchase commitment of $1.5 million and possible additional purchases of up to $2.0 million, for a total amount of up to $3.5 million. All of the purchases are subject to Chembio meeting the following conditions: receipt of CE mark certification, completion of clinical and analytical performance evaluation, and a successful quality management system (QMS) inspection. “We are delighted that our multiplex test has been chosen by UNICEF and we look forward to supplying products under this agreement,” said John Sperzel, Chembio’s Chief Executive Officer. “Our rapid multiplex test allows separate d
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