Co-Diagnostics, Inc. to Accompany Utah Governor and WTC Utah on Trade Mission to South Korea and Japan

Rhea-AI Summary

Co-Diagnostics, Inc. (Nasdaq-CM: CODX) announced its participation in the World Trade Center (WTC) Utah trade mission to South Korea and Japan from September 24-October 5, 2024. The company will join Utah Governor Cox and the Governor's Office of Economic Opportunity delegation for life sciences and innovation. This mission aims to expand Co-Dx's international relationships as it prepares to introduce a new PCR diagnostic platform for at-home and point-of-care use.

Co-Diagnostics has a history of international ventures, including a joint venture in India established in 2017 and a network of distributors, partners, and customers in over 50 countries. The company's CEO, Dwight Egan, emphasized the importance of building global relationships to improve access to care and increase the availability of high-quality PCR diagnostics worldwide.

Positive

• Participation in a prestigious trade mission to South Korea and Japan
• Preparation for introducing a new PCR diagnostic platform for at-home and point-of-care use
• Existing international presence with distributors, partners, and customers in over 50 countries

Negative

• None.

News Market Reaction – CODX

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SALT LAKE CITY, Sept. 24, 2024 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq-CM: CODX) (the "Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced Company representatives will be accompanying Utah Governor Cox and the Governor's Office of Economic Opportunity, as part of the latest World Trade Center (WTC) Utah trade mission to South Korea and Japan from September 24-October 5.

Co-Dx will join the delegation for life sciences and innovation, aiming to expand its international relationships. The company announced the creation of a joint venture in India in 2017 called CoSara Diagnostics Pvt. Ltd. and has also developed a robust portfolio of distributors, partners and customers in more than 50 countries during the pandemic years when Co-Diagnostics distributed millions of COVID-19 PCR tests globally. The WTC trade mission comes as Co-Dx is strengthening global relationships in preparation for introducing a new PCR diagnostic platform designed for at-home and point-of-care use.

The itinerary for the trip includes visits with industry leaders in a region of the world that the Company anticipates playing a role in its future.

"Building a global network of relationships is vital as we advance our mission of improving access to care for patients around the world, increasing the availability and accessibility of high-quality PCR diagnostics," said Dwight Egan, Chief Executive Officer, Co-Diagnostics, Inc. "We are pleased to be part of this prestigious trade mission and to help further Utah's goals while advancing our own important initiatives."

World Trade Center Utah is the official international business promotion organization for the Governor's Office of Economic Opportunity in the State of Utah and conducts frequent trade missions around the world, connecting Utah business to global resources.

About Co-Diagnostics, Inc.:
Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company's technologies are utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform and to locate genetic markers for use in applications other than infectious disease.

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) that are subject to a number of risks and uncertainties. Forward-looking statements can be identified by words such as "believes," "expects," "estimates," "intends," "may," "plans," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. Forward-looking statements in this release include statements regarding our preparation for introducing a new PCR diagnostic platform designed for at-home and point-of-care use and our efforts to advance our mission of improving access to care for patients around the world and increasing the availability and accessibility of high-quality PCR diagnostics.  Actual results may differ materially from those contemplated or anticipated by such forward-looking statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. There can be no assurance that any of the anticipated results will occur on a timely basis or at all due to certain risks and uncertainties, a discussion of which can be found in our Risk Factors disclosure in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (SEC) on March 14, 2024, and in our other filings with the SEC. The Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.

 

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SOURCE Co-Diagnostics

FAQ

When is Co-Diagnostics (CODX) participating in the trade mission to South Korea and Japan?

Co-Diagnostics (CODX) is participating in the trade mission to South Korea and Japan from September 24 to October 5, 2024.

What is the purpose of Co-Diagnostics (CODX) joining the Utah trade mission?

Co-Diagnostics (CODX) is joining the Utah trade mission to expand its international relationships and prepare for the introduction of a new PCR diagnostic platform for at-home and point-of-care use.

How many countries does Co-Diagnostics (CODX) have distributors, partners, and customers in?

Co-Diagnostics (CODX) has developed a robust portfolio of distributors, partners, and customers in more than 50 countries.

What new product is Co-Diagnostics (CODX) preparing to introduce?

Co-Diagnostics (CODX) is preparing to introduce a new PCR diagnostic platform designed for at-home and point-of-care use.