Regulatory Filings • Dec 10, 2019
Regulatory Filings
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Croissy-Beaubourg, December 10, 2019, 5.45pm CET – THERADIAG (ISIN: FR0004197747, Ticker: ALTER), a company specializing in in vitro diagnostics of autoimmune diseases and theranostics, announces today that it has strengthened its international presence by signing three new strategic distributors in China, in Hong Kong-Macao and in Taiwan, to distribute its main TRACKER range biotherapy monitoring tests.
Theradiag continues to step up its international expansion into key regions showing growth potential in its business sectors.
From January 2020, Theradiag will be distributed in Hong Kong-Macao, Taiwan and also in mainland China, on a non-exclusive basis, in order to be able to seize other potential opportunities arising in this high-potential country. In China more than 5 million people suffer from rheumatoid arthritis and the incidence of chronic inflammatory diseases is increasing rapidly as well as the market of biotherapies treatments.
These three new partnerships are the sign of a conscious proactive strategy to exploit and promote Theradiag's innovative TRACKER range.
In addition to distributing the kits, the partners will share the most recent scientific advances in biotherapy monitoring with 'Key Opinion Leaders' in the region. This comes in support of Asian authorities' recommendations released in May 2019, in favor of using biotherapy monitoring tools.
Bertrand de Castelnau, Chief Executive Officer of Theradiag, commented: "We are delighted to sign these new distribution partnerships. They are fully in line with our international development strategy geared towards high-potential strategic regions such as Asia. The spontaneous interest shown by these three new partners further enhances the merits of our theranostics approach and the efficiency of our TRACKER kits in monitoring biotherapy treatment. Theradiag's priority remains more than ever to administer the right treatment to the right patient, thanks to innovative testing that improves treatment effectiveness. All of our people are now committed to ensuring the successful implementation of these partnerships in 2020."
FY 2019 revenue, February 4, 2020, after market close
Nanjing Hongquan Medical Technology Co., Ltd. is a high-tech company that provides high-end services to hospitals. Focusing on biotechnology, research and development of medical diagnostic reagents, especially for gastroenterology and chronic inflammatory diseases (IBD), it actively promotes innovative high value-added diagnostics from a network of professionals, both clinicians and biologists. Its motto is "Science takes care of life and technology creates value".
Created by a team of pharmacists, Hindwing represents a wide range of pharmaceutical, diagnostic, medical and consumer products in Hong Kong, Macau and China. Considered one of the largest, oldest and most dynamic pharmaceutical companies in the region, Hindwing markets its products on a large scale and to laboratories, medical and dental clinics, pharmacies and retirement homes, and in a particularly privileged way to hospitals in this geographical area.
Composed of professionals in the field of medical testing and biotechnology, Medtri has a long history in Taiwan, providing comprehensive product support, emerging testing technologies and diversified clinical testing options to clinical laboratory staff. This player also distributes its solutions to well-known companies in its sector of activity.
Capitalizing on its expertise in the distribution, development and manufacturing of in vitro diagnostic tests, Theradiag innovates and develops theranostics tests (combining treatment and diagnosis) that measure the efficiency of biotherapies in the treatment of autoimmune diseases and cancer. Theradiag is thus participating in the development of customized treatment, which favors the individualization of treatments, the evaluation of their efficacy and the prevention of drug resistance. Theradiag notably markets the Lisa Tracker® range (CE marked), which is a comprehensive multiparameter theranostic solution for patients with autoimmune diseases treated with biotherapies. The Company is based in Marne-la-Vallée, near Paris, and has over 60 employees.
For more information about Theradiag, please visit our website: www.theradiag.com
Theradiag Bertrand de Castelnau CEO/Managing Director Tel.: +33 (0)1 64 62 10 12 [email protected]
NewCap Financial Communications & Investor Relations Sandrine Boussard-Gallien Claire Riffaud Tel.: +33 (0)1 44 71 94 94 [email protected]
NewCap Media Relations Nicolas Mérigeau Tel.: +33 (0)1 44 71 94 98 [email protected]r
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