Ja was glaubt ihr den, wie lange es dauert, Millionen von Tests zu produzieren?
Das geht doch nicht von heut auf morgen.
Ich bestelle doch nicht eine Ware, vorallem nicht in einer Millionenstückzahl, wenn der Lieferant nicht genügent auf Lager hat!.
Calypte Enters Into Memorandum of Understanding with Beijing Tiantan Biological Products
Construction on Chinese Manufacturing Facility Underway
ALAMEDA, Calif., May 13, 2004 /PRNewswire-FirstCall via COMTEX/ -- Calypte Biomedical Corporation (OTC Bulletin Board: CYPT), a developer, manufacturer and marketer of HIV diagnostic tests, announced today that it is has selected Beijing Tiantan Biological Products Co., Ltd. ("BTBP") as its manufacturing partner in China. Under a memorandum of understanding, the parties expect to share technology and equipment to produce Calypte's Rapid HIV-1/2 Antibody Tests in China.
Calypte shall be responsible for supplying technology, manufacturing and quality control equipment and expertise, technical assistance and technical support, while BTBP shall supply the manufacturing facilities where the HIV rapid tests will be produced. Calypte will be in charge of day-to-day operations.
"We are very pleased that this memorandum of understanding whereby BTBP established the long-term cooperation relationship with Calypte and the new cooperation company will manufacture Calypte's HIV rapid products, as BTBP sees a great market potential for Calypte's rapid HIV-1/2 antibody tests in the People's Republic of China, as well as other parts of the world," said Mr. Ni Daoming, BTBP's Board Chairman.
"Our relationship with BTBP is expected to greatly accelerate our entry into the Chinese market," said Dr. J. Richard George, President and CEO of Calypte. "BTBP is one of the leading Chinese companies in the field of biological products and has a vast amount of experience in building and operating Good Manufacturing Practices (GMP) compliant facilities and obtaining regulatory approvals. We will draw upon their experience in these vital areas.
"BTBP, acting on good faith that this memorandum of understanding will lead to a definitive agreement, has met with our technical personnel, jointly defined the needs of the facility and has begun construction of the manufacturing site", Dr. George continued. "This cooperation will enable us to stay on a fast-track by continuing facility construction during the negotiations of a final agreement."
About BTBP:
Beijing Tiantan Biological Products Co. Ltd. is a biotech company listed on the Shanghai Stock Exchange (601161.SS) with a current market capitalization in excess of $300 million (US). The company manufactures multiple vaccines for both viral and bacterial infections. BTBP is the Special Vehicle Company approved for listing on the Shanghai Stock Exchange; the parent company is National Vaccine & Serum Institute who currently owns over 66% after two private placements of the BTBP's shares, including 25 million public shares issued in 2003.
Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy
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