September 23, 2009

Biomagnetics and China's Bright Dairy enter distribution agreement

Biomagnetics Diagnostics Corp. (BMGP), has entered into an distribution agreement with Bright Dairy, whereby the Chinese company will become the exclusive distributor for China of portable diagnostics system and assay for bovine tuberculosis.


Clayton Hardman, CEO of Biomagnetics Diagnostics Corp said, "The handheld unit we plan to offer Bright Dairy for distribution throughout China is the same technology platform developed by a US National Laboratory that we will use to enter the market for malaria testing."


He said the company aims to be the world leader in handheld diagnostic systems for both the bovine TB and malaria testing markets, and the agreement will help support this plan.


Bright Dairy is stepping up efforts to improve its raw milk production quality and the raising and breeding of its dairy herds and bulls. Part of this programme involves wide-scale testing of the herd for bovine tuberculosis. Bright Dairy and its parent company own 21 large-scale dairy farms and leases grazing land for its other dairy cattle. In addition, the company buys raw milk from about 500 large-scale dairy farming cooperatives.


BMGP is a medical device and biotechnology company developing diagnostics system tests for any viral, or bacterial disease using any body fluid. Biomagnetics plans to have products in use in China by the end of 2010 followed by US and European sales in 2011.


Shanghai-based Bright Dairy, is the third largest dairy products producer and marketer in China, operates fresh milk packaging plants in the capital Beijing, Wuhan in Hubei Province, Xi'an in Sha'anxi Province, Wuxi and Nanjing in Jiangsu Province.

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