SQI Diagnostics Inc V.SQD.H

AZOVA deal was TERMINATED

[pirateinvestor]

EXACT COVID-19 Antibody Test The New York State Department of Health (NYSDOH) provided conditional approval to Company’s EXACT COVID-19 Antibody Test. We believe this test is part of the next generation of tools in the fight against COVID-19. The test gives peace of mind because it can detect an immune response in both vaccinated and previously COVID-19 infected people. It also has the potential to give the health care system key insights and data into the relationship between antibody levels and breakthrough infections and reinfections.

The Company further reports that its previously announced marketing agreement with Azova Inc, for it's direct to consumer COVID-19 antibody test has been terminated. This is owing to guidance from the FDA that it is exerting its authority over the home collection of test samples for any product related to COVID-19 and the Company does not have authorization from the FDA for home collection of samples.

The Company is actively pursuing a number of potential customers for the COVID-19 antibody test approved by NYSDOH under CLIA. The market of COVID-19 related products — including antibody testing — remains dynamic and as such difficult to predict. However, we have maintained our ability to react accordingly and continue to streamline our operations to take advantage of a rise of COVID-19 cases in the future.