- This gross sales and distribution contract between Victory Sq. Well being and the Brazilian manufacturing and distribution firm will present the corporate with an preliminary order of three.7 million Covid-19 Speedy Assessments over the following 24 months
- This settlement is along with the beforehand introduced enterprise improvement and gross sales settlement with Molkom Prescribed drugs on November 18, 2020
VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) — Victory Sq. Applied sciences Inc. (“Victory Sq.” or the “Firm“) (CSE:VST) (OTC:VSQTF) (FWB:6F6) — portfolio firm Victory Sq. Well being (VSH) has entered into a brand new gross sales and distribution contract with a Brazilian medical manufacturing and provide firm on December 14, 2020. The contract will present for an preliminary order of three.7 million Covid-19 Speedy Assessments to be equipped from Victory Sq. Well being topic to ANVISA approval. The order is to be stuffed over a 24-month interval.
“This newly introduced 3.7 million unit contract for our Covid-19 Speedy Testing kits is a vital new gross sales settlement as we ramp up manufacturing provide to Brazil,” stated Felipe Peixoto, CEO of Victory Sq. Well being. Peixoto goes on to say, “We’re assured that this order will present the nation of Brazil with crucial and correct help in figuring out and combating this pandemic whereas additionally producing additional gross sales alternatives for VSH in Brazil.”
As we speak’s introduced gross sales and distribution settlement is along with the enterprise improvement & gross sales settlement with Molkom Prescribed drugs introduced on November 18, 2020. Molkom has established sturdy relationships all through South America and past with strategic enterprise connections with distributors, gross sales provide chains, retail pharmacies, hospitals, and with businesses in any respect stage of presidency. The Firm’s strategic enterprise & gross sales settlement with Molkom Prescribed drugs has opened doorways to entry new gross sales and provide leads and has been profitable with the corporate’s announcement of immediately’s 3.7 million unit gross sales contract.
VS Well being was based in 2016 to speed up the event of personalised medication and know-how options together with diagnostic exams to help affected person’s care and enhance well being outcomes. Its first product, the Leishmaniasis Speedy Take a look at, was developed in partnership with the UFMG, Federal College of Minas Gerais. Safetest took benefit of its experience within the topic to develop different antibody-based exams and a strong R&D pipelines of diagnostic kits for Hansen’s Illness, Brucellosis, HTLV and Blood samples screening exams.
The Firm shouldn’t be making any specific or implied claims that its product has the power to get rid of, remedy or include the Covid-19 (or SARS-2 Coronavirus) right now.
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On behalf of the board,
Shafin Diamond Tejani
Chief Government Officer
Victory Sq. Applied sciences
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ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Sq. (VST) builds, acquires and invests in promising startups, then supplies the senior management and assets wanted to fast-track development.
VST’s candy spot is the cutting-edge tech that is shaping the 4th Industrial Revolution. Our portfolio consists of 20 world corporations utilizing AI, VR/AR and blockchain to disrupt sectors as numerous as fintech, insurance coverage, well being and gaming.
What we do in a different way for startups
VST is not simply one other investor. With actual pores and skin within the sport, we’re dedicated to making sure every firm in our portfolio succeeds. Our secret sauce begins with deciding on startups which have actual options, not simply concepts. We pair you with senior expertise in product, engineering, buyer acquisition and extra. Then we allow you to do what you do greatest — construct, innovate and disrupt. In 24-36 months, you may scale and be able to monetize.
What we do in a different way for traders
VST is a publicly traded firm headquartered in Vancouver, Canada, and listed on the Canadian Securities Alternate (VST), Frankfurt Alternate (6F6) and the OTCQX (VSQTF).
For traders, we provide early-stage entry to the following unicorns earlier than they’re unicorns.
Our portfolio represents a uniquely liquid and safe means for traders to get entry to the newest cutting-edge applied sciences whereas additionally tapping into rising world traits with massive upsides. For extra info, please go to www.victorysquare.com.
Ahead Trying Assertion
This information launch comprises “forward-looking info” inside the that means of relevant securities legal guidelines regarding the outlook of the enterprise of Victory Sq., together with, with out limitation, statements regarding future efficiency, execution of enterprise technique, future development, enterprise prospects and alternatives of Victory Sq. and its associated subsidiaries, together with Victory Sq. Well being Inc., and different elements past our management. Such forward-looking statements might, with out limitation, be preceded by, adopted by, or embody phrases corresponding to “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “venture”, “potential”, “potential”, “ponder”, “search”, “aim”, or comparable expressions, or might make use of such future or conditional verbs as “might”, “may”, “will”, “may”, “ought to” or “would”, or might in any other case be indicated as forward-looking statements by grammatical building, phrasing or context. All statements apart from statements of historic information contained on this information launch are forward-looking statements. Ahead-looking info relies on sure key expectations and assumptions made by the administration of Victory Sq.. Though Victory Sq. believes that the expectations and assumptions on which such ahead trying info relies are cheap, undue reliance shouldn’t be positioned on them as a result of Victory Sq. may give no assurance that they may show to be right. Precise outcomes and developments might differ materially from these contemplated by these statements. The statements contained on this information launch are made as of the date of this information launch. Victory Sq. disclaims any intent or obligation to replace publicly any forward-looking info, whether or not because of new info, future occasions or outcomes or in any other case, apart from as required by relevant securities legal guidelines.
The Canadian Securities Alternate has neither permitted nor disapproved the contents of this information launch and accepts no duty for the adequacy or accuracy hereof.