MedMira Wins Government Tender for Rapid HIV Test in China
March 07 2005 - 1:56PM
PR Newswire (US)
MedMira Wins Government Tender for Rapid HIV Test in China
MiraWell(R) Rapid HIV Test Selected Based on Quality and
Performance HALIFAX, March 7 /PRNewswire-FirstCall/ -- MedMira
Inc., ("MedMira") (TSX Venture: MIR, NASDAQ:MMIRF) the global
market leader in rapid flow-through diagnostic technology,
announced today that it has won the first rapid HIV test tender in
the province of Jilin in the People's Republic of China. The tender
is structured as an annual standing order through which all levels
of provincial public health organizations in Jilin will be able to
order MedMira's MiraWell(R) Rapid HIV Test. The first shipment
against this standing order is expected within the next 30 days and
is estimated to be for approximately 100,000 tests. "We are very
excited about this achievement, and would like to congratulate our
sales and marketing team as well as our distributor in Jilin
province," said Stephen Sham, chairman and chief executive officer
of MedMira. "Although we anticipated our success in winning this
public tender, as part of the next step in our China marketing
plan, this accomplishment has reassured us of the China
government's commitment to control HIV by using only the highest
quality and best performing rapid HIV test in the front lines of
public health." According to the Chinese National CDC 2004
evaluation report, MedMira's MiraWell(R) Rapid HIV Test performed
the best of the ten rapid HIV tests evaluated, and was found to be
as accurate as traditional testing methods. Sham continued, "We
anticipate that the demand for our rapid HIV test will reach new
levels in 2005 as the China government continues its battle to
reduce HIV transmission within its population of approximately 1.3
billion. We expect that many more China provinces will offer
similar public tenders and we are confident that MedMira's proven
rapid HIV test will lead this market." China has been reported to
be battling one of the most rapidly increasing HIV-infection rates
in the world (rising 30% yearly since 1998). It is currently
estimated that 1 million Chinese are HIV-infected and that, without
intervention, China can anticipate this to increase to 10 million
by 2010. About Jilin Province, P.R. China Home to 26 million
people, Jilin is the most urbanized province in China. The
provincial capital, Changchun, is remembered in history as the
capital of Manchukuo - "land of the Manchus" - the puppet state
established by the Japanese in 1932 after invading Manchuria in
September 1931. To add legitimacy to their conquest, the Japanese
named Puyi, the last Qing (Ch'ing) emperor, as Manchukuo's ruler.
Following World War II, Puyi was "re-educated" by the Communists
and spent the rest of his life working at Beijing's botanical
garden. Changchun is a major food-processing center that serves the
agriculturally rich Songhua River valley. About MedMira MedMira is
the leading global manufacturer and marketer of in vitro flow-
though rapid diagnostic tests for the clinical laboratory market.
MedMira's tests provide reliable, rapid diagnosis in just 3 minutes
for the detection of human antibodies in human serum, plasma or
whole blood for diseases such as HIV. The United States FDA and the
SFDA in the People's Republic of China have approved MedMira's
Reveal(R) G2 and MiraWell(R) Rapid HIV Tests, respectively. For
more information visit MedMira's website at
http://www.medmira.com/. MedMira's Reveal(R) G2 and MiraWell(R)
rapid HIV tests are currently used in clinical laboratories and
hospitals where professional counseling and patient treatment are
immediately available. The MiraCare(TM) Rapid HIV Antibody Test is
available over-the-counter (OTC) in pharmacies throughout the Hong
Kong and Macao Special Administrative Regions, in P.R. China.
MedMira markets its rapid tests worldwide in such countries as the
United States, Canada, South Africa and China. Its corporate
offices and manufacturing facilities are located in Halifax, Nova
Scotia, Canada with a representative office in Beijing, China. This
news release contains forward-looking statements, which involve
risk and uncertainties and reflect the company's current
expectation regarding future events. Actual events could materially
differ from those projected herein and depend on a number of
factors including, but not limited to, changing market conditions,
successful and timely completion of clinical studies, uncertainties
related to the regulatory approval process, establishment of
corporate alliances and other risks detailed from time to time in
the company quarterly filings. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this statement. DATASOURCE: MedMira Inc. CONTACT: Media
Contact: Investor Relations, Dr. James Smith: (902) 450-1588 or
e-mail:
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