Midas AI Signs Contract to Supply 3 Billion KRW Worth of COVID-19 Diagnostic and Specimen Collection Kits to Japan
[Asia Economy Reporter Hyunseok Yoo] Midas AI has signed its first supply contract since entering the business related to the novel coronavirus infection (COVID-19).
On the 6th, Midas AI announced that it signed a contract to supply COVID-19 diagnostic kits and specimen collection kits with Japan's JFC Co. Ltd. The supply contract is worth a total of 3 billion KRW and includes a minimum order quantity (MOQ).
In September, Midas AI entered the COVID-19 related product business by signing an overseas regional distribution rights contract with Philosis, which developed COVID-19 diagnostic kits and specimen collection kits.
The items to be supplied this time include ▲point-of-care testing devices (POCT) ▲antigen and antibody rapid diagnostic kits ▲specimen collection transport media (UTM), all developed by Philosis.
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A company official stated, “We recently received global distribution rights from Philosis to expand the sales regions of the diagnostic kits,” adding, “We will expand sales of the diagnostic kits beyond the initial licensed regions of Brazil and Africa to all overseas regions.”
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