Biosynex And Chembio Diagnostics Announce Definitive Acquisition Agreement

Biosynex SA ALBIO:

• BIOSYNEX AND CHEMBIO DIAGNOSTICS ANNOUNCE DEFINITIVE ACQUISITION AGREEMENT

• CHEMBIO DIAGNOSTICS INC - CONSOLIDATED MANUFACTURING, SALES, MARKETING, OPERATIONS TO PROVIDE SYNERGISTIC COST SAVINGS

• CHEMBIO DIAGNOSTICS - COS HAVE ENTERED INTO DEFINITIVE MERGER AGREEMENT UNDER WHICH BIOSYNEX, THROUGH A UNIT, WILL ACQUIRE CHEMBIO FOR $0.45 PER SHARE

• CHEMBIO DIAGNOSTICS INC - DEAL TO ACQUIRE CHEMBIO IN AN ALL-CASH TRANSACTION VALUED AT $17.2 MILLION