MedMira Wins $4.2 Million U.S. Army Contract to Commercialize Rapid Triple Test

MedMira Wins $4.2 Million U.S. Army Contract to Commercialize Rapid Triple Test PR Newswire HALIFAX, Nova Scotia, July 3, 2012 HALIFAX, Nova Scotia, July 3, 2012 /PRNewswire/ -- Under a US Army contract valued at USD$4.2 million, MedMira will develop and commercialize this multiple rapid test which detects HIV, Hepatitis B and C simultaneously in 3 minutes from a single drop of blood. (CNW Group/MEDMIRA INC.) MedMira Inc., (MedMira) (TSXV: MIR), a developer of rapid diagnostic technology and solutions, announced today that it has been awarded a U.S. Army Medical Research Acquisition Activity (USAMRAA) contract to develop and commercialize a rapid test capable of simultaneous detection of HIV and Hepatitis B and C. The contract, awarded through a competitive bid process, involves a two-year base period and a 10-month option with a value of USD$4,266,144, if all options are exercised. MedMira presented its technology and multiple rapid test, which met the U.S. Army's advanced technology readiness level requirements. The Multiplo Rapid HBV/HIV/HCV Antibody Test resulting from this contract award will be deployed on the frontlines of military healthcare for use in emergency screening for transfusion transmitted diseases where no FDA approved donor screening tests are available. The military could also put the test to use during pre and post deployment screenings and civilian disaster relief efforts.