Boditech Med announced that it has signed a contract to supply about 11 million dollar of COVID- 19 antigen diagnostic kits with a local agency in Italy on Nov.17,2020. The contract volume is 16.85% of last year's consolidated sales revenue and the contract period is from November 16, 2020 to March 31, 2021.
The supply volume will be gradually increased by the second contract for $ 8 million of the 1st supply contract signed in the last September 2020 for the COVID-19 antigen test kit. A company official said that discussions on the supply of an antigen-based combined COVID-19 and Flu test is expected to be approved around the end of November 2020 have also begun. When the export license for Boditech is obtained, sales of the combination test will be expected to increase.
Boditech Med is continuously expanding sales in major regions of the world based on excellent product evaluation results along with the export permission of the antigen diagnosis kit in June. Recently, it started supplying products to Germany, and it is expected to expand its sales in Europe such as France, the Czech Republic, and Hungary