AnteoTech Appoints Japanese Life Sciences Distributor as Product Supplier; Shares Jump 14%

MT Newswires Live

05/28

AnteoTech (ASX:ADO) said Japanese life sciences distributor Cosmo Bio was appointed to supply AnteoBind and related products in Japan, effective immediately, according to a Thursday Australian bourse filing.

Cosmo Bio will market and supply AnteoBind and related products to Japan for use in bioconjugation workflows within the in vitro diagnostics market, including research institutes and organisations developing and utilising immunoassays.

The agreement is nonexclusive, carries an initial term of three years, and there are no minimum purchase obligations. The other terms of the agreement are confidential.

Its shares jumped 14% in recent trading on Thursday, reaching an over two-year peak.

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