Atomo Diagnostics Signs Exclusive Licensing Agreement for Novel Rapid Syphilis Test Assay; Shares Rise 12%

MT Newswires Live

03-24

ATOMO DIAGNOSTICS LTD0.00%

Atomo Diagnostics (ASX:AT1) obtained an exclusive licensing agreement with the Burnet Institute for its novel rapid Syphilis test assay, carving a path to commercialization for the product, according to a Monday filing with the Australian bourse.

The agreement will enable Atomo to commercialize the test on its Pascal test cassette, the filing stated. Atomo will pay Burnet a royalty fee as a percentage of the net revenue generated by the product.

The agreement is in effect until Burnet's Syphilis patent expires in 2045.

Atomo Diagnostics' shares were up nearly 12% in recent Monday trade.

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