Precipio Signs Exclusive Manufacturing Agreement for IV-Cell™
Precipio, Inc. (PRPO)
US:NASDAQ Investor Relations:
precipiodx.com/investors.html
Company Research
Source: GlobeNewswire
NEW HAVEN, Conn., June 04, 2019 (GLOBE NEWSWIRE) -- Specialty diagnostics company Precipio, Inc. (NASDAQ: PRPO), announced that it has entered into an exclusive subcontracting manufacturing agreement with diagnostics manufacturing company Novamed for the production of Precipio’s proprietary IV-Cell media for an initial term of 3 years. The agreement will provide Precipio with large-scale production volume of the media, enabling Precipio to provide cytogenetics laboratories in the US and worldwide with IV-Cell media to meet their demand. Novamed is one of only a few companies worldwide with both substantial and specific experience in the production of products similar to IV-Cell; and the manufacturing capabilities necessary to scale up production of the media in large volumes to meet customer demand, as anticipated by Precipio. Novamed’s extensive experience providing various reagents to companies such as Thermo Fisher and Abbott Laboratories, as well as favorable business terms rea
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