Benzinga | Jul 22, 2021 02:21PM EDT

Chembio To Ship $4M Of WHO-Qualified HIV Test Kits To Ethiopia In 2022

* Chembio Diagnostics Inc (NASDAQ:CEMI) has received a $4 million purchase order from the Partnership for Supply Chain Management (PFSCM), supported by The Global Fund.

* The order comes to purchase Chembio's HIV 1/2 STAT-PAK Assay for shipment to Ethiopia into early 2022.

* The HIV 1/2 STAT-PAK Assay is a World Health Organization (WHO) prequalified, rapid point-of-care assay to detect HIV-1 and HIV-2 antibodies in fingerstick whole blood, venous whole blood, serum, or plasma.

* Recently, the Company received a $28.3 million purchase for its COVID-19 antigen tests for Brazil.

* Price Action: CEMI shares hit an upper circuit breaker twice are down 1.50% at $5.26 on profit booking during the market session on the last check Thursday.