It isn't the side business. They have a multi faceted channel of business. They have their own branded products (Febirdx and Viradx) which is also being white labelled as Status Covid Tests via LifeSign. Now if you have any brain cells, you would like to think that the distributors we have business with via Lifesign will become direct distributors of the brand product in Viradx etc.
The Hologic deal is an ongoing relationship which has been in the process for 2+ years. Read the announcements. They have had their proprietary reader Leelu in market since circa 2018. It is being developed with Holigic to be utilized for multiple applications.
This proves how little of your own due diligence you have done in the company and the patience you have.
Leelu is now replacing the existing Hologic reader for their perinatal services which will provide annuities each year under the agreement for services to Hologics $1.7Billion a year market.
Edit: If it isnt the Leelu reader, then they have a brand new reader being developed.
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It isn't the side business. They have a multi faceted channel of...
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