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CEMI > SEC Filings for CEMI > Form 8-K on 2-Aug-2013All Recent SEC Filings

Show all filings for CHEMBIO DIAGNOSTICS, INC.

Form 8-K for CHEMBIO DIAGNOSTICS, INC.


2-Aug-2013

Other Events


ITEM 8.01. OTHER EVENTS

Chembio Diagnostics has received notice from Alere, Inc. that Alere intends to market in the U.S. a product that is competitive with Chembio's SURE CHECK(R) HIV 1/2 and also with Chembio's HIV 1/2 STAT PAK(R).

Both of these products currently are marketed in the U.S. by Alere, Inc. using the Clearview name under an exclusive marketing agreement. The notice received gives Chembio the right to cancel Alere's rights to market the HIV 1/2 STAT PAKŪ product in any manner, or, in the alternative, to cancel Alere's exclusivity, and to permit Alere to continue to market these products on a non-exclusive basis.

With respect to SURE CHECK(R) HIV 1/2, Chembio, acting jointly with StatSure Diagnostics, Inc., has the right to cause Alere's marketing right to this product to become non-exclusive.

To the extent that the decision is made by Chembio to market one or both of these products, Chembio would market them under Chembio brand names.

As a result of the notice given by Alere as required under the agreement, Chembio intends to make its determinations in the near future on its rights, although there is no time limit as to when Chembio can exercise these rights.


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