XPhyto

Covid-19 Screening Test, Oral Thin Film Biosensor Products and High-Throughput Biosensor Identification Platform

VANCOUVER, BC / ACCESSWIRE / April 20, 2020 / XPhyto Therapeutics Corp. (CSE:XPHY / FSE:4XT / OTC PINK:XPHYF) ("XPhyto" or the "Company") is pleased to announce that it has signed a definitive development, technology purchase and licence agreement (the "Agreement") with 3a-Diagnostics GmbH ("3a") for the development and commercialization of real-time, low-cost and easy-to-use oral dissolvable thin film ("ODF") screening tests for the rapid detection of infectious diseases.

 

3a is a research-based biotechnology company located approximately 50 kilometers Southeast of Stuttgart, Germany, specializing in the development, production and marketing of point-of-care test systems. 3a refers to their approach as "anywhere" (no power or additional equipment required), "anytime" (decentralized and rapidly deployable), and "anyone" (no specialized training required).

 

"Rapid low-cost screening tools allow for unprecedented identification of symptomatic and asymptomatic patients from larger populations," said Dr. Heinrich Jehle, Managing Director of 3a. "Our partnership with XPhyto has the potential to add significant value to 3a's existing product portfolio, address a critical near-term need, COVID-19, and prepare 3a for the next pandemic threat through platform enhancement."

 

The Agreement sets out the framework for multiple development and commercialization programs (the "Programs") to be carried out between XPhyto and 3a: 1) further development and commercialization of 3a's existing product pipeline (the "Products") which includes the use of XPhyto's ODF platform to administer 3a's biosensors; 2) development of a high-throughput biosensor screening platform for rapid identification of new biosensor targets; and 3) development of a dissolvable oral thin film COVID-19 screening test. In consideration for funding the Programs and for share and sales-based compensation, XPhyto will retain an exclusive global licence for commercialization of all new products developed by 3a or using their development platforms and a non-exclusive global licence for the current Products in development.