GC Green Cross MS Signs Technology and R&D MOU with Brazil's Fiocruz Foundation

Signed at the "Korea-Brazil Business Forum"

GC Green Cross MS, a company specializing in in vitro diagnostics, announced on the 24th that it had signed a memorandum of understanding for cooperation in technology and research and development with the Fiocruz Foundation, a science, technology, and public health research institution under Brazil's Ministry of Health, on the 23rd.

GC Green Cross MS signs an MOU with the Oswaldo Cruz Foundation (Fiocruz) for technology and research and development cooperation. GC Green Cross MS

Through this memorandum of understanding, the two parties will establish a strategic partnership that includes joint development of reagents and technology transfer in the fields of immunology and biochemical diagnostics, building point-of-care testing (POCT) solutions, and conducting collaborative research to create new products.

The Fiocruz Foundation, a nonprofit state-run institution under Brazil's Ministry of Health, is regarded as an influential health science and technology institution in South America and a leading global public health research organization. It was established to strengthen the public health system and improve public health in Brazil by disseminating medical knowledge and technology in the country. The foundation is known to wield influence over the formulation of local public healthcare policies and the overall government procurement market.

A GC Green Cross MS representative stated, "We signed this memorandum of understanding with the Fiocruz Foundation to expand the market for point-of-care testing (POCT) products in Latin America."

Meanwhile, the Korea-Brazil Business Forum, which took place in conjunction with Brazilian President Lula's visit to Korea, was hosted by the Federation of Korean Industries and APEX Brazil (the Brazilian Trade and Investment Promotion Agency). The event, attended by about 400 participants including major business leaders and government officials from both countries, was held on the 23rd at the Crystal Ballroom of Lotte Hotel Seoul in Sogong-dong.