The agreement with Sysmex Asia Pacific follows the same structure as the agreement with Sysmex Europe, with genedrive retaining responsibility for product development, quality management and manufacturing, and Sysmex Asia Pacific being responsible for sales, marketing, customer support and distribution activities across the region. Working together, the companies will focus on securing the required regulatory approvals in individual territories across Asia. genedrive anticipates some initial traction during the 2017/2018 financial year, with a further ramp up in 2018/19 when regulatory milestones are met. genedrive has retained the rights over the Indian market.
David Budd, CEO of genedrive, commented: “We are extremely pleased to extend our commercial reach with Sysmex Asia Pacific as our commercial partner for our Genedrive® HCV assay. This agreement provides access to another important and very relevant global region for Genedrive® encompassing countries with a high HCV burden.”
Frank Buescher, President and CEO of Sysmex Asia Pacific, commented: “We are excited about this collaboration opportunity with genedrive and incorporating their HCV assay in our unique offering for Liver Disease management in the APAC region.”
Genedrive® HCV ID Kit is a qualitative HCV RNA assay, designed for use in a decentralised testing environment to deliver actionable results within 90 minutes. It is performed on the Company’s portable molecular diagnostics platform, Genedrive®.
The person responsible for the release of this announcement on behalf of the Company is Matthew Fowler, Chief Financial Officer.
