[Special Stock] Humasis Supplies 1 Million COVID-19 Test Kits to Brazil... Requests from 30 Overseas Countries

[Asia Economy Reporter Hyungsoo Park] Humasis' stock price is soaring. The news that it signed an import contract for the new coronavirus (COVID-19) antibody rapid diagnostic kit product ‘COVID-19 IgG/IgM Test’ with Brazil appears to have influenced the stock price.

As of 9:44 a.m. on the 6th, Humasis is trading at 3,020 KRW, up 18.9% from the previous trading day.

Earlier, on the 27th of last month, Humasis obtained export approval for the diagnostic kit product from the Ministry of Food and Drug Safety. Humasis became the first diagnostic company to supply Korean-made diagnostic kits to the Brazilian market. Starting with the first shipment this month, a total of 1 million test units of COVID-19 diagnostic kits will be exported to Brazil.

In particular, the success of this contract was supported by the Korea Trade-Investment Promotion Agency (KOTRA). KOTRA S?o Paulo, active in Brazil, has connected Brazilian buyers belonging to private research institutes, state governments, and local governments with domestic diagnostic companies.

Humasis plans to supply COVID-19 diagnostic kits not only to Brazil but also to European countries such as Italy and Germany, as well as Indonesia, Canada, the Middle East, and Africa. The number of overseas countries that have already requested COVID-19 diagnostic kits from Humasis has reached about 30.

The company estimates the total requested quantity from these countries to be about 3 million test units and has switched to an emergency production system to meet this demand. In particular, having introduced new fully automated equipment necessary for diagnostic kit production earlier this year, capable of producing up to 2.5 million test units per month, the company believes there will be no significant difficulty in supplying the requested quantities first.

Cha Jung-hak, CEO of Humasis, said, "We hope that the export of diagnostic kits will help somewhat in Brazil's response to the COVID-19 situation," and added, "Inquiries from government departments of Brazil and other countries are pouring in, so we expect export volumes to increase in the future."