"MedMira's globalization and partnership investment strategy is providing improved opportunities and a positive outlook for the Company in the coming year. This strategic partnership/investment program allows partners in specific regions of the global market to perform sales and marketing activities to increase revenues while we continue to build new products to support the increasing demand of high quality diagnostic tests," said Hermes Chan, president and CEO, MedMira Inc. "The first equity investment from Andurja AG has provided us additional working capital for advancing new products in the pipeline and technology platform development. Our strategic sales and marketing partner Vitest AG is already seeing success in the African market with new sales, product approval in
About MedMira
MedMira is a leading developer and manufacturer of flow-through rapid diagnostics. The company's tests provide hospitals, labs, clinics and individuals with reliable, rapid diagnosis for diseases such as HIV and hepatitis C in just three minutes. The company's tests are sold under the Reveal(R), MiraWell(R), MiraCare(TM) and Multiplo(TM) brands in global markets. MedMira's rapid HIV test is the only one in the world to achieve regulatory approvals in
This news release contains forward-looking statements, which involve risk and uncertainties and reflect the company's current expectation regarding future events. Actual events could materially differ from those projected herein and depend on a number of factors including, but not limited to, changing market conditions, successful and timely completion of clinical studies, uncertainties related to the regulatory approval process, establishment of corporate alliances and other risks detailed from time to time in the company quarterly filings.
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For further information: Andrea Young, MedMira, (902) 450-1588, [email protected]
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