Marketing Cooperation between Biacore and Diffchamb
Marketing Cooperation between Biacore and Diffchamb Diffchamb gains exclusive marketing rights in the U.K. for Biacore's food analysis products Uppsala, Sweden, February 11, 2000. Biacore International AB (Nasdaq: BCOR, SSE: BCOR) and Diffchamb AB (listed on the SBI-list) today announced that the companies will enter into a collaboration, the first step of which is the signing of an agreement giving Diffchamb the exclusive rights to selling Biacore's products for food analysis in the United Kingdom. Initially, the agreement is valid for 15 months. Both Biacore and Diffchamb are engaged in major strategic development projects. The companies have therefore agreed to initiate the cooperation concerning Biacore's food analysis products with the marketing in the U.K. of Biacore's system and reagent kit for analysis of vitamin content in food products. Biacore will continue to develop food analysis products and the Company plans to introduce other reagent kits later this year, including kits for the detection of veterinary medicine residues in meat products. The new kits will also be included in the collaboration between Biacore and Diffchamb. The previously discussed directed new share issue of Diffchamb stock will for the moment not be carried out. Biacore currently owns 10.6% of the shares in Diffchamb. [Reuters: BCOR.N] Notes to editors: Biacore is a global market leader in affinity-based biosensor technology. Target groups consist primarily of medical and life science research laboratories. However, expansion is also being pursued in other areas, such as food analysis. Biacore had sales of SEK 288.8 million in 1998 and an operating income of SEK 52.8 million. Based in Uppsala, Sweden, the company is listed on the OM Stockholm Exchange and NASDAQ in the U.S. Further information on Biacore can be found on the web: www.biacore.com Address and phone: Biacore International AB Rapsgatan 7, SE-754 50 Uppsala, SWEDEN Phone: +46 (0)18-675700 Fax: +46 (0)18-150111 info@biacore.com Diffchamb is a specialist in the area of rapid and cost efficient food diagnostics. Diffchamb's test kits are based on a unique proprietary immunochemical technology and are mainly addressing the detection of different food pathogen bacteria (Salmonella, E.coli etc.). Diffchamb is targeting the food diagnostic market and is selling the products globally via its own subsidiaries and through agents. Diffchamb had sales of SEK 46 million in 1998 and an operating income of SEK 1,5 million. The company is located in Gothenburg, Sweden, and is listed on SBI, Sweden. Further information on Diffchamb can be found on the web: www.diffchamb.com Address and phone: Diffchamb AB Backa Bergögata 7, SE-422 46 Hisings Backa, SWEDEN Phone: +46 (0)31 583270 Fax: +46 (0)31 583370 diffchamb@diffchamb.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/11/20000211BIT00550/bit0001.doc http://www.bit.se/bitonline/2000/02/11/20000211BIT00550/bit0002.pdf