Precision Bio signs supply contract worth 118.2 billion KRW with Antec... until 2037
[Asia Economy Reporter Myung-hwan Lee] Precision Bio announced on the 4th that it has signed a supply contract with global animal diagnostics company Antech for animal clinical chemistry analyzers and cartridges, expected to be worth approximately 118.2 billion KRW over 15 years.
The expected contract amount corresponds to 744% of last year's consolidated sales. The contract period is from July 4, 2022, to December 31, 2037.
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Han-shin Kim, CEO of Precision Bio, stated, "We are very pleased to collaborate with Antech, a global leader in animal diagnostics," adding, "We expect that Antech's existing network of animal hospitals and dedicated animal diagnostic laboratories, combined with Precision Bio's point-of-care diagnostic products, will create synergy in the North American animal diagnostics market."
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