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Update on discussions with IDS

27th Jan 2017 07:00

RNS Number : 2449V
Omega Diagnostics Group PLC
27 January 2017
 

 

Omega Diagnostics Group PLC

("Omega" or the "Company")

 

Update on discussions with Immunodiagnostic Systems Holdings plc

 

Omega (AIM: ODX), the medical diagnostics company focused on allergy, food intolerance and infectious disease, announces the following update on its discussions with Immunodiagnostic Systems Holdings plc ("IDS").

 

Further to the interims results announcement in November 2016, IDS has confirmed that its preferred course of action is to pursue an enlarged distribution relationship with the Company. Currently, IDS has contractual rights to be appointed as the Company's exclusive distributor in territories comprising the UK, France, Germany, Austria, Switzerland, Nordic countries and the United States of America. The ongoing discussions will therefore focus on how Omega can attain a more global reach for its Allersys® range of allergy tests in a structure that benefits both organisations.

 

Currently, the Company has 41 CE-Marked allergy tests which can be run on the IDS iSYS automated instrument. The Company will provide a further update in due course.

 

 

Contacts:

 

Omega Diagnostics Group PLC

Tel: 01259 763 030

Andrew Shepherd, Chief Executive

www.omegadiagnostics.com

Kieron Harbinson, Group Finance Director

Jag Grewal, Group Sales and Marketing Director

 

finnCap Ltd

Tel: 020 7220 0500

Geoff Nash/James Thompson (Corporate Finance)

Mia Gardner (Corporate Broking)

Walbrook PR Limited

Tel: 020 7933 8780 or omega@walbrookpr.com

Paul McManus

Mob: 07980 541 893

Lianne Cawthorne

Mob: 07584 391 303

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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