IVAX Diagnostics, Inc. (IVD) Signs Agreement with Biomerica, Inc. (BMRA.OB)
Today, fully integrated in vitro diagnostics company IVAX Diagnostics, Inc. signed a two year agreement with Biomerica, Inc. for the nationwide and global distribution of Biomerica’s products, with certain country and product exclusions. As per the agreement, IVAX Diagnositcs’ subsidiaries, Diamedix Corporation and Delta Biologicals S.r.l., will have the right to distribute Biomerica’s suite of products including the 33 ELISA test kits in the areas of diabetes, gastrointestinal disease and bone/mineral disorders. The products will initially be marketed under the Biomerica name; if certain initial sales levels are achieved, it will be marketed under the Diamedix brand in the U.S.…