Seeking Alpha

OraSure and Abbvie team up in HCV testing

  • OraSure Technologies (OSUR +4.6%) and AbbVie (ABBV +0.1%) sign an agreement to co-promote Orasure's OraQuick HCV Rapid Test in the U.S. OraSure will be responsible for manufacturing and selling the product directly into all markets. AbbVie has exclusive promotion rights for the test in certain markets while OraSure will provide certain additional services in support of HCV testing. OSUR will receive up to $75M from ABBV over the term of the agreement which runs through year end 2019. OSUR may earn additional payments from ABBV based on the achievement of certain performance-based milestones.
  • The OraQuick HCV test is the first and only FDA-approved and CLIA-waived point-of-care test  for the detection of HCV infection in at-risk individuals. The healthcare provider can obtain a result in 20 minutes using a fingerstick or venipuncture blood sample.
Comments (1)
  • User 10008871
    , contributor
    Comments (2) | Send Message
     
    Looks like ABBV is now in competition with the diagnostics business of its ex-partner, Abbott (ABT) Labs.
    11 Jun 2014, 01:09 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs