Brief: Trxade Health Inc Says Community Specialty Pharmacy Entered Into An Agreement To Acquire Covid-19 Testing Kits From A Third Party

Scienture Holdings

27/05/2022 21:56

May 27 (Reuters) - TRxADE Health Inc  MEDS.O :
    * TRXADE HEALTH INC - ON MAY 20, COMMUNITY SPECIALTY
PHARMACY, LLC
ENTERED INTO AN AGREEMENT TO ACQUIRE COVID-19 TESTING KITS FROM
A THIRD PARTY
    * TRXADE HEALTH INC - TO ACQUIRE COVID-19 TESTING KITS FOR 
$1.2
MILLION, OF WHICH $875,000 WAS PAID ON MAY 23, & $325,000 IS DUE
WITHIN 60 DAYS OF DELIVERY
    * TRXADE HEALTH INC - CSP ENTERED INTO MASTER SERVICES
AGREEMENT
WITH A THIRD PARTY TO SELL CERTAIN OF TESTING KITS TO THEM ON
NET 60-DAY PRICING TERMS
    * TRXADE HEALTH INC - IF CSP CONTINUES  PURCHASE AND RESELL
TESTING KITS, CSP OR CO MAY NEED TO SEEK TO OBTAIN A LINE OF
CREDIT
    * TRXADE HEALTH INC - IF CSP CONTINUES  PURCHASE AND RESELL
TESTING KITS, CSP OR CO MAY NEED TO RAISE ADDITIONAL FUNDING TO
PURCHASE TESTING KITS

Further company coverage:  MEDS.O 

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