Calypte Adds Second China Distributor Thursday July 10, 8:31 am ET - DeYi Corporation Expands Calypte Coverage to Include 28 Provinces in China -
ALAMEDA, Calif., July 10 /PRNewswire-FirstCall/ -- Calypte Biomedical Corporation (OTC Bulletin Board: CYPT - News), the developer and marketer of the only two FDA approved HIV-1 antibody tests for use with urine samples, announced that it has appointed DeYi Corporation as its exclusive distributor for eight provinces of China that are not covered by the Company's previously appointed China distributor, Zypute.
ADVERTISEMENT DeYi is a Beijing-based company that specializes in the distribution of in vitro diagnostic assays. In addition to its IVD distribution activities, DeYi also operates its own clinic and reference laboratory in Beijing, and intends to use the urine test in that setting. DeYi has placed its first order with Calypte, which is due for shipment in the third quarter of 2003, after product training has taken place.
"With the appointment of DeYi, we now have agreements with two major distributors that cover virtually all of China," said Tony Cataldo, Calypte's Executive Chairman. "We know that the current SARS situation in China has impacted all facets of their healthcare delivery system recently, but now that this situation seems to be normalizing, we will be well positioned to meet the growing demand for HIV-1 antibody tests in China."
Richard Van Maanen, Director of International Business Development at Calypte, stated, "As with all of Calypte's urine HIV distribution agreements, DeYi's rights are exclusive within its territory, and DeYi has specific obligations regarding minimum purchases during the term of the agreement. Our two Chinese distributors cover distinct and non-competing territories." |