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Virax Biolabs Group Ltd (VRAX) delivers cutting-edge solutions in viral disease detection through its proprietary T-Cell diagnostic technologies. This dedicated news hub provides investors and healthcare professionals with essential updates on the company's advancements in immune profiling and diagnostic innovations.
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The platform serves as a comprehensive resource for tracking VRAX's progress in developing its T-Cell testing platform and expanding global distribution networks. Users will find updates on clinical validation studies, new assay developments, and strategic initiatives enhancing viral detection capabilities.
Bookmark this page for streamlined access to verified information about VRAX's contributions to immunology research and diagnostic solutions. Stay informed about critical developments through our organized repository of company announcements and industry analyses.
Virax Biolabs Group (NASDAQ: VRAX) has extended its exclusive distribution agreement with Cosmos Health Inc. (Nasdaq: COSM) to market Mpox Virus Real-Time PCR Detection Kits in Gulf Cooperation Council (GCC) countries. This expansion follows their existing agreement for Greece, Cyprus, and non-exclusive distribution in Europe. The CE-marked and MHRA-authorized kits boast a 96.7% sensitivity and 93.72% specificity, delivering results in under 70 minutes.
The agreement allows Cosmos to import, sell, and distribute Virax-branded Mpox virus Nucleic Acid Detection Kits in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Both companies express excitement about the partnership, with Virax CEO James Foster highlighting the expanded geographic reach and Cosmos CEO Greg Siokas noting the continued strong demand for Mpox virus detection kits.
Virax Biolabs (NASDAQ: VRAX), a biotechnology company specializing in viral disease detection and immune response diagnosis, announced its participation in H.C. Wainwright's 26th Annual Global Investment Conference in New York, NY. The company's Chief Operating Officer, Dr. Nigel McCracken, is presenting at the conference, which runs from September 9-11, 2024 at the Lotte New York Palace Hotel. A pre-recorded, on-demand presentation is now available for viewing.
Virax management is also offering one-on-one meetings during the conference for interested parties. The presentation can be accessed through the company's investor relations website.
Virax Biolabs Group (VRAX) has announced its participation in the 7th European Congress of Immunology (ECI) from September 1-4, 2024, in Dublin, Ireland. The company will showcase its immune profiling products for research use at Booth C13. Management will be available for discussions with research organizations and potential customers.
The ECI is a prestigious triennial event organized by the European Federation of Immunological Societies (EFIS), attracting over 3,000 delegates in the field of basic and clinical immunology. This year's congress theme is 'Conquering challenges with Immunology', highlighting the importance of immunological research in addressing current health challenges.
Virax Biolabs Group (NASDAQ: VRAX) has announced a distribution agreement for Mpox virus RT-PCR detection kits in 13 European countries and Gulf Cooperation Council (GCC) nations. The kits, which are CE-marked and authorized by the UK's MHRA, offer a sensitivity of 96.7% and specificity of 93.72%, delivering results in under 70 minutes.
CEO James Foster emphasized the company's commitment to providing healthcare professionals with tools to diagnose and mitigate Mpox spread. The agreement allows Virax to import, sell, and distribute Virax-branded Mpox virus Nucleic Acid Detection Kits in key European markets and GCC countries. Interested parties can contact Virax through their website for the Early Release Partnership Program (ERPP).
Virax Biolabs Group (Nasdaq: VRAX), a biotechnology company focused on viral disease detection, has closed a $5 million registered direct offering of ordinary shares. The company sold 1,108,892 ordinary shares at $4.50 per share. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The gross proceeds of approximately $5 million will be used for working capital and general corporate purposes. The offering was conducted under a previously filed and effective shelf registration statement. A final prospectus supplement and accompanying base prospectus are available on the SEC's website.
Virax Biolabs Group (Nasdaq: VRAX), a biotechnology company focusing on immune response detection and viral disease diagnostics, announced a $5 million registered direct offering of 1,108,892 ordinary shares at $4.50 per share.
H.C. Wainwright & Co. is the exclusive placement agent. The offering is set to close around August 23, 2024, pending customary conditions.
Gross proceeds are estimated at $5 million, before placement fees and expenses. Net proceeds are intended for working capital and general corporate purposes.
The offering is conducted under a shelf registration statement (Form F-3, Registration No. 333-275893), previously filed with the SEC and declared effective on December 15, 2023. A final prospectus supplement and the base prospectus will be filed and made available on the SEC website.
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