Peter here's some news on avit I thought you might want to see!!
Avitar, Inc. signs agreement with Sun Biomedical Laboratories
WALLINGFORD, Conn.--(BUSINESS WIRE)--Nov. 12, 1996--Avitar, Inc. (Nasdaq SmallCap
Market:AVIT (Common
Stock); AVITW (Redeemable Warrants)) today announced that it has signed an agreement with Sun
Biomedical Laboratories
of Cherry Hill, New Jersey, to develop a series of saliva- based, rapid screening tests for drugs of abuse. Sun
Biomedical
Laboratories currently has FDA approval to market six urine-based, rapid screening tests for drugs of abuse as
well as a
pregnancy test, all marketed under the Visuline II trademark.
The saliva test will use Avitar's proprietary saliva collection system, with Avitar having the exclusive,
world-wide
manufacturing and distribution rights to the tests when the development is completed. In addition to the
development
agreement, Avitar will begin manufacturing the currently-marketed urine-based tests and will have
non-exclusive distribution
rights to these tests.
Avitar also announced that Dr. Ming Sun, President of Sun Biomedical Laboratories, will join Avitar's
Scientific Advisory
Board. |
