Genedrive PLC Genedrive confirms receipt of India Import License (1975D)

TIDMGDR

RNS Number : 1975D

Genedrive PLC

25 June 2021

genedrive plc

("genedrive" or the "Company")

Genedrive confirms receipt of India Import License

genedrive plc (AIM: GDR), the near patient molecular diagnostics company, notes the recent rise in its share price and confirms that it has received a license to import the Genedrive(R) SARS-CoV-2 Kit into India via its partner DIVOC Health. This step follows the approval of the product at the Indian Centre for Medical Research on 30 April 2021.

As previously stated, India has introduced pricing controls in their routine public testing market that favours the provision of lower cost/basic tests than the Genedrive SARS-Cov-2 Kit. The Company continues to assess specific commercial opportunities with DIVOC Health in the Indian public and private markets.

For further details please contact:

 
 genedrive plc                                                                 [phone] 
 David Budd: CEO / Matthew Fowler: 
  CFO 
 
 Peel Hunt LLP (Nominated Adviser 
  and Joint Broker)                                                            [phone] 
 James Steel / Victoria Erskine 
 
            finnCap (Joint Broker)                                             [phone] 
            Geoff Nash / Kate Bannatyne / Alice 
             Lane 
 
 Walbrook PR Ltd (Media & Investor                 [phone] or [e-mail] 
  Relations) 
                                                                 [phone] / +44 (0)7876 
 Paul McManus / Anna Dunphy                                                                741 001 
 

About genedrive plc ( http://www.genedriveplc.com )

genedrive plc is a molecular diagnostics company developing and commercialising a low cost, rapid, versatile, simple to use and robust point of need molecular diagnostics platform for the diagnosis of infectious diseases and for use in patient stratification (genotyping), pathogen detection and other indications. The Company has assays on market for the detection of HCV, certain military biological targets, and has tests in development for tuberculosis (mTB). The Company recently released a high throughput SARS-CoV-2 assay and has in development a Genedrive(R) Point of Care version of the assay, both based on Genedrive(R) chemistry.

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June 25, 2021 08:17 ET (12:17 GMT)