Seeking Alpha

Diagnostics firm changes U.S. distribution

  • On the basis of its move to a direct distribution model, Chembio Diagnostics ((CEMI) +.4%) terminates its U.S. STAT-PAK distribution agreement with Alere (ALR +1.3%) (formerly Inverness Medical Innovations).
  • Alere had the rights since 2006 to sell the firm's STAT-PAK HIV assays in the U.S. under its Clearview brand.
  • CEMI is currently in the midst of a sales force build out.
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