NICHOLAS PIRAMAL IN STRATEGIC TIE-UP WITH DXTECH LLC

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DxTech LLC, a US-based diagnostic firm, has entered into a longterm strategic alliance with Nicholas Piramal India (NPIL), one of the leading pharmaceutical and healthcare companies in India. The alliance includes a license and development agreement relating to DxTech's proprietary technology distribution agreement and an agreement to establish a joint venture between the companies for the marketing and sales of the commercial product. DxTech is developing the fully-integrated, Vantix (TM) point-of-care (POC) diagnostics platform based on proprietary, electrochemical sensor technology that has sensitivity and dynamic range, a DxTech statement said.

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