Co-Diagnostics Expects New Royalty Structure to Lift Revenue and Expand Customer Base
Co-Diagnostics, Inc. (CODX)
US:NASDAQ Investor Relations:
ir.codiagnostics.com/investor-relations
Company Research
Source: GlobeNewswire
New York City, NY, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Analysts for Co-Diagnostics, Inc. (Nasdaq: CODX), a molecular diagnostics company with a patented diagnostic testing platform, maintained their Buy rating with a target well above the current price following news last week that increased royalties from their expanded license agreement with LGC, Biosearch Technologies are expected to bring revenue growth and boost adoption of the CoPrimer technology. The recent joint press release indicates that Co-Diagnostics will benefit from LGC’s sales force to increase their CoPrimer user base for research products included under the expanded agreement. Co-Diagnostics CEO Dwight Egan also remarked that the royalty structure has been increased from the original license agreement between Co-Diagnostics and LGC, which was signed roughly a year ago and limited to AgBio applications. Since that time, LGC has launched their own-labeled BHQplex CoPrimer product. LGC is described as an internationa
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CODX
Earnings
- 11/9/23 - Beat
CODX
Sec Filings
- 3/20/24 - Form 3
- 3/15/24 - Form 8-K
- 3/14/24 - Form 10-K
- CODX's page on the SEC website