Orasure Technologies Inc.

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Business Deals, Other Pre-Announcement

OraSure Receives $205 Mln Contract For Inteliswab™ To Supply OTC COVID-19 Test Kits

Published: 09/20/2021 10:14 GMT
Orasure Technologies Inc. (OSUR) - Orasure Receives $205 Million Procurement Contract for Inteliswab™ From the Defense Logistics Agency to Supply Over-the-counter (otc) Kits As Part of National Pandemic Response.
Orasure Technologies Inc - Contract Will Run From October 2021 Through September 2022.
Orasure Technologies Inc - Anticipates Having Significant Incremental Manufacturing and Operating Expenses in Second Half of Fiscal Year 2021.
Orasure - Will Provide Its Inteliswab Covid-19 Rapid Test to Up to 25,000 Sites Throughout U.S. and Tests Will Be Funded by U.S. Federal Government.
Orasure Technologies Inc - Expects Preponderance of Revenue Associated With Contract to Come in Calendar Year 2022.