Tuesday, February 19, 2013

Aviir In Middle Eastern Distribution Deal

Irvine-based Aviir, a life sciences startup developing laboratory tests for cardiovascular disease, said today that it has signed a distribution and expansion pact covering 19 Middle Eastern and North African countries. Aviir said it has inked a deal with Partners & Partners (P&P) where P&P will form the sole distributorship for its products in those countries. Financial details of the deal were not disclosed. P&P was one of the investors in a $10M funding round announced by Aviir last week. Aviir is venture backed by Merck Global Health Innovation Fund, Partners & Partners, Bay City Capital, Aberdare Ventures, and New Leaf Venture Partners.