Chembio Diagnostics Receives $1.5 Million UNICEF Order for Multiplex Zika Systems
Chembio Diagnostics, Inc. (CEMI)
Last chembio diagnostics, inc. earnings: 3/12 04:07 pm
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Source: GlobeNewswire
MEDFORD, N.Y., Feb. 12, 2020 (GLOBE NEWSWIRE) -- Chembio Diagnostics, Inc. (Nasdaq: CEMI), a leading point-of-care diagnostics company focused on infectious diseases, today announced a $1.5 million purchase order from UNICEF for multiplex Zika tests and Micro Readers following the successful completion of conditions set forth in the previously announced long term arrangement (LTA). This initial order is part of the LTA, which has a total opportunity of up to $3.5 million. Chembio’s multiplex DPP Zika System allows simultaneous and discrete detection of antibodies for both active (IgM) and prior exposure (IgG) to the Zika virus, which is important for both treatment and surveillance. “Our Zika System demonstrated outstanding accuracy while offering rapid detection and ease of use through our point-of-care platform and Micro Reader. These features provide significant advantages over current lab-based tests and make the DPP Zika System a powerful tool in the battle against the virus,
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