MEDFORD, NY -- 10/16/09 --
Chembio Diagnostics, Inc. (OTCBB: CEMI), which
develops, manufactures, markets and licenses point-of-care diagnostic
tests, has agreed to provide over 2,000 PrimaTB STAT-PAK® tuberculosis
(TB) testing kits which are approved for use in Macaques to the Orangutan
Conservancy (OC) to support the organization's continued drive to raise the
level of veterinary care at orangutan rehabilitation centers.
"This is a major development, and the OC is proud to be able to support the
rehabilitation centers in this way," said Norm Rosen, president of the
Orangutan Conservancy. "The rescue and recovery of orangutans is only as
feasible as their health, and accurately identifying a disease like
tuberculosis is a major step forward." The PrimaTB STAT-PAK® kits are
part of a testing program that will ask orangutan rehabilitation centers to
partner with Chembio and gather data throughout 2010. The outcomes will be
published jointly afterward.
PrimaTB STAT-PAK® kits shorten the time required to diagnose this disease
from weeks to minutes. Tuberculosis, which is a severe respiratory disease
in primates, can be deadly for orangutans. Orangutan Conservancy
rehabilitation centers care for over 1,500 orphaned orangutans at
facilities in Southeast Asia (mainly on the Indonesian islands of Borneo
and Sumatra). The testing kits will be distributed to the rehabilitation
centers beginning in early 2010, along with training programs in the proper
use and diagnostics.
"Tuberculosis affects all primates," said Lawrence Siebert, Chief Executive
Officer of Chembio Diagnostics. "Orangutans are endangered due to the
encroachment of humans into their rainforest habitats. So, the spread of
TB represents a clear and present danger to their continued existence. Our
test kits allow veterinary medical care providers to identifying sick
animals with only one encounter, which increases the chance of identifying
animals with the disease. We are very happy that our tests will help to
improve the health of this endangered animal species."
Chembio's agreement to donate the test kits mirrors an earlier agreement
between Chembio and the Pan African Sanctuary Alliance (PASA), which will
provide over 1,000 tuberculosis testing kits to African primate rescue
centers.
The Orangutan Conservancy was established in 1999 to support projects that
focus on wild orangutan protection, reintroduction, education, and
research. The Orangutan Conservancy is a partner of the Great Apes Survival
Partnership (GRASP). For more information, please visit the Orangutan
Conservancy website or contact info@orangutan.com.
About Chembio Diagnostics
Chembio Diagnostics, Inc. develops, manufactures, licenses and markets
proprietary rapid diagnostic tests in the growing $5 billion point-of-care
testing market. The company, which reported record revenues and profits
this past quarter, driven by domestic sales of its lateral flow rapid HIV
test, believes the animal TB product underscores the potential for a
similar test for humans. Such a test would also expand Chembio's pipeline
of products for infectious disease in humans, which includes the current
development of oral fluid HIV, Hepatitis C (HCV) and Syphilis rapid point
of care diagnostic tests.
Chembio's two FDA approved rapid HIV tests are marketed in the U.S. by
Inverness Medical Innovations, Inc. Chembio markets its HIV STAT-PAK line
of rapid HIV tests internationally to government and donor-funded programs
directly and through partnerships and distributors. Chembio has developed a
patented point-of-care test platform technology, the Dual Path Platform
(DPP) technology, which has significant advantages over lateral-flow
technologies. This technology is providing Chembio with a significant
pipeline of business opportunities for the development and manufacture of
new products based on DPP. Headquartered in Medford, NY, with approximately
100 employees, Chembio is licensed by the U.S. Food and Drug Administration
(FDA) as well as the U. S. Department of Agriculture (USDA), and is
certified for the global market under the International Standards
Organization (ISO) directive 13.485.
Forward-Looking Statements
Statements contained herein that are not historical facts may be
forward-looking statements within the meaning of the Securities Act of
1933, as amended. Forward-looking statements include statements regarding
the intent, belief or current expectations of the Company and its
management. Such statements are estimates only, as the Company has not
completed the preparation of its financial statements for those periods,
nor has its auditor completed a review or audit of those results. Actual
revenue may differ materially from those anticipated in this press release.
Such statements reflect management's current views, are based on certain
assumptions and involve risks and uncertainties. Actual results, events, or
performance may differ materially from the above forward-looking statements
due to a number of important factors, and will be dependent upon a variety
of factors, including, but not limited to Chembio's ability to obtain
additional financing, to obtain regulatory approvals in a timely manner and
the demand for Chembio's products. Chembio undertakes no obligation to
publicly update these forward-looking statements to reflect events or
circumstances that occur after the date hereof or to reflect any change in
Chembio's expectations with regard to these forward-looking statements or
the occurrence of unanticipated events. Factors that may impact Chembio's
success are more fully disclosed in Chembio's most recent public filings
with the U.S. Securities and Exchange Commission.
Company Contact:
Susan Norcott
631-924-1135 x125
snorcott@chembio.com
Investor & Public Relations:
The Investor Relations Group
212-825-3210
James Carbonara
JCarbonara@investorrelationsgroup.com
Susan Morgenbesser
SMorgenbesser@investorrelationsgroup.com