- WKN: A2P67W
- ISIN: CH0522213468
- Land: Schweiz
Nachricht vom 12.02.2021 | 04:57
Achiko AG: Achiko establishes a joint venture with PT Indonesia Farma Medis for the production and distribution of its test platform for Covid-19 in Indonesia
Achiko AG / Key word(s): Joint Venture
Achiko establishes a joint venture with PT Indonesia Farma Medis for the production and distribution of its test platform for Covid-19 in Indonesia
- Achiko signs agreement with PT Indonesia Farma Medis to establish a new joint venture, including a contract with PT Mitra Asa Pratama and a memorandum of understanding with PT Pharos Indonesia, completion subject to formal approvals
- Test kits will be integrated with Achiko's Teman Sehat (Health Buddy) mobile app to address growing demand for Covid-19 testing in Indonesia
- The joint venture and the contracts are a precursor to product registration, currently planned to be filed in the next few weeks
Zurich, 12 February 2021 - Achiko AG (SWX: ACHI, ISIN CH0522213468) ("Achiko", the "Company") and PT Indonesia Farma Medis ("PIFM") have signed an agreement to establish the joint venture company PT Achiko Medika Indonesia ("PAMI") for the production, distribution and marketing of its testing platform developed from Project Gumnuts for Indonesia.
Khairudin Gustam, Chief Executive Officer of PIFM said: "As Covid-19 cases across Indonesia have surged past the one million mark and the contagiousness of the disease continues to severely disrupt the economy, the need for mass market testing becomes apparent. The economy needs to find a way to function, but given the size and population of Indonesia, reliance on PCR testing is not enough. Additional testing methods for Covid-19 are needed and we believe the Project Gumnuts technology is a key solution to help the country and the economy get back on their feet."
Indonesia is a country of over 270 million people spread across several thousand islands. It is currently recording the highest number of cases, rates of positivity and fatality rates in Southeast Asia.
Phase 1 testing for Project Gumnuts has been concluded recently, achieving preliminary values of 91% sensitivity and 85% specificity. Further optimisation studies are currently being conducted in Spain and Indonesia to meet the World Health Organisations' (WHO) standards.
"We are proud to be involved with Achiko's development and look forward to the availability of Gumnuts for Indonesians, as most low cost rapid tests are too expensive for daily testing. The price point and convenience that Gumnuts can offer will enable tens of millions of people the ability to test almost daily. This will be a powerful tool in stopping the spread and beating Covid-19 and other pathogens," said the Mayor of Pekanbaru in Indonesia, Dr. H. Firdaus S.T., M.T.
Achiko holds 50% of the PT Achiko Medika Indonesia joint venture registered today. PIFM and Achiko will jointly manufacture and assemble Project Gumnuts test kits for the Indonesian market, with PIFM tasked with the distribution and marketing, and Achiko earning a 10% licensing fee from gross sales. As new tests are developed, they will be similarly assembled and sold in the country.
Part of the joint venture is a contract with PT Mitra Asa Pratama ("Mitra") and a memorandum of understanding with PT Pharos Indonesia ("Pharos"), along with several other companies, which are all subject to regulatory approval. Mitra is a leading distributor of medical and diagnostic devices in Indonesia, with vast network reach into government, healthcare institutions and retail markets, and will help with further distribution and marketing. Pharos is one of Indonesia's largest pharmaceutical conglomerates with reach into two of the biggest pharmacy groups in the country, developing and marketing innovative products in Indonesia and other countries in Southeast Asia, with manufacturing facilities in Indonesia, Singapore and Vietnam. They will be responsible for assembly, distribution and marketing. The Company has also started to engage in several other commercial arrangements in Indonesia.
"We are excited to be part of the fight against Covid-19 and all its successors and look forward to working with Achiko and PIFM to get this platform to market in the first half of 2021 as soon as the approval from the Ministry of Health is secured," said Ida Nurtika, Director of Corporate Communication at PT Pharos Indonesia.
"The need for an effective and efficient diagnostic tool is increasing dramatically. We are proud to be able to use our expertise in healthcare distribution to help Achiko's team deliver on this very important initiative, to collectively help the people of Indonesia manage this pandemic," said Mitra's Chief Executive Officer, Victory Theodorus.
Next steps see the completion of regulatory approvals, getting the technology into test kits and moving them into the market as soon as practicable.
About Achiko AG
The current development of our patent pending diagnostic testing for Covid-19 (Project Gumnuts) provides an easy and effective way that enables people to obtain the information they need and require. Complemented by our mobile check-in app (Teman Sehat), we empower users to manage their diagnostic experiences on their own terms, safeguard their privacy, share experiences, obtain passport verification and find community.
Achiko holds exclusive commercialisation rights to the technology underlying Project Gumnuts from Regenacellx.sl. It may be used to detect all types of Covid-19, but also many other pathogens. Achiko is looking forward to the completion of regulatory approval and getting the technology to market as quickly as possible, applying it in an array of test kits and other assay formats.
Headquartered in Zurich, we have offices in Hong Kong, Jakarta, Singapore and Seoul.
About PT Indonesia Farma Medis
PIFM provides supply chain solutions for distributing medical products and helps companies seeking market entry navigate the complexities of the Indonesian market.
About PT Mitra Asa Pratama
The company was established on 30 September 1971 by Dr. Eddie Lembong, a visionary entrepreneur who wanted to build a modern, efficient, high quality, Indonesian pharmaceutical company. Dr. Lembong's plan was realized early and today Pharos remains one of Indonesia's leading pharmaceutical companies.
On June 30, 1990 Pharos became the first Indonesian company to receive a certification of the local version of GMP (CPOB), confirming Pharos' 'no compromises' manufacturing standards.
End of ad hoc announcement
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1167887|
|End of Announcement||EQS Group News Service|
Achiko Ltd.: Achiko announces investment in Em ...
Achiko Ltd.: Achiko and Hypothekarbank Lenzbu ...
Achiko Ltd.: Achiko Limited announces confirma ...
Achiko Ltd.: Fintech Achiko Limited lists its ...
Achiko Ltd.: Fintech Achiko Limited Plans for ...
IPO im Fokus
MIT SICHERHEIT AUFS PARKETT.
UNSER BÖRSENGANG ZUR
Grundkapital (vor IPO): 3.120.000 EUR
Angebotene Aktien: bis zu 690.000 Aktien
Zeichnungsfrist: 11.10.2021 bis voraus. 25.10.2021
Bookbuildingspanne: 3,30 bis 3,60 Euro
Börse: Börse Düsseldorf
Rechtlich maßgeblicher Wertpapierprospekt auf sdm-se.de
Event im Fokus
10. Juni 2021:Fachkonferenz Immobilien
14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure
13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie
10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix
„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“
GBC im Fokus
Börsengang sdm SE: Attraktives Investment
Der Sicherheitsdienstleister sdm SE führt derzeit einen Börsengang am Primärmarkt der Börse Düsseldorf durch. Die Mittel des Börsengangs sollen die Wachstumsstrategie finanzieren und die Ertragskraft deutlich steigern. Im Rahmen unseres DCF-Bewertungsmodells haben wir einen fairen Unternehmenswert (Post Money) zum Ende des Geschäftsjahres 2022 in Höhe von 15,23 Mio. € bzw. 4,09 € je sdm-Aktie ermittelt. Unter einem Preis von 3,50 € pro Aktie sehen wir sdm als ein attraktives Investment und stufen die Aktie mit dem Rating „Kaufen“ ein.
Der AKTIONÄR News
27. Oktober 09:50 Short-Chance! Bei diesem Dauerläufer jetzt auf fallende Kurse wetten?
27. Oktober 10:05 Deutsche Bank knickt nach Zahlen ein – das sind die Gründe
27. Oktober 10:20 Plug Power vor Kaufsignal: Investor kauft zu
27. Oktober 10:48 TUI: 2022 – das Jahr der Wende?
27. Oktober 11:20 BP prescht bei Wasserstoff voran
News im Fokus
PUMA SE: PUMAs anhaltende Markendynamik und operative Flexibilität führen zu starkem Umsatz- und EBIT-Wachstum im dritten Quartal
27. Oktober 2021, 08:00
Pressekonferenz – Zwischenmitteilung 9M 2021 - Webcast
28. Oktober 2021
Original-Research: Valneva SE (von First Berlin Equity Research GmbH): Kaufen Valneva SE
25. Oktober 2021