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Medical equipment industry

Biomerica Expands into South America with EZ Detect Home Test Distribution Agreement

Strategic Insights

— 1 min read

Biomerica, a leading medical diagnostic products company, has taken a significant step in its strategic plan to expand its marketing and distribution in South America by signing an exclusive agreement for the distribution of its EZ DetectTM test in Chile. The EZ DetectTM test is a simple two-minute home test used to detect occult (hidden) blood in the stool, an early warning sign of bowel problems and gastrointestinal bleeding, including colorectal cancer, ulcers, polyps, and hemorrhoids. According to the American Cancer Society, colorectal cancer is the 3rd leading cause of cancer death in the United States, with an estimated 133,200 new cases occurring in 1995, resulting in 55,300 deaths during the same year.

Key Takeaways:

  • Biomerica has signed an exclusive agreement with a Chilean distributor for the distribution of its EZ DetectTM test, part of its strategic plan to expand marketing and distribution in South America.
  • EZ DetectTM is a two-minute home test for detecting occult (hidden) blood in the stool, indicating potential bowel problems and gastrointestinal bleeding.
  • The American Cancer Society estimates that 133,200 new cases of colorectal cancer will occur in the United States in 1995, with 55,300 deaths resulting from the disease during the same year.
  • Colorectal cancer is the 3rd leading cause of cancer death in the United States.
  • The EZ DetectTM test is a superior alternative to older stool blood tests, requiring no dietary restrictions or handling of stool, with a blue-green cross forming on the test pad if blood is present.
  • The test is simple to use, with a positive result noted on a reply card sent to the individual's physician for evaluation and follow-up.
  • Biomerica develops, manufactures, and markets advanced medical diagnostic products, including home test kits for disease diagnosis.

Statistics:

  • 133,200 estimated new cases of colorectal cancer in the United States in 1995 (American Cancer Society).
  • 55,300 estimated deaths resulting from colorectal cancer in the United States in 1995 (American Cancer Society).
  • 3rd leading cause of cancer death in the United States (American Cancer Society).

Sources:

  • Biomerica (Nasdaq: BMRA)
  • American Cancer Society

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