Achiko AG and PT Indonesia Farma Medis have signed an agreement to establish the joint venture company PT Achiko Medika Indonesia for the production, distribution and marketing of its testing platform developed from Project Gumnuts for Indonesia. Part of the joint venture is a contract with PT Mitra Asa Pratama and a memorandum of understanding with PT Pharos Indonesia, along with several other companies, which are all subject to regulatory approval. Mitra is a leading distributor of medical and diagnostic devices in Indonesia, with vast network reach into government, healthcare institutions and retail markets, and will help with further distribution and marketing.

Pharos is one of Indonesia's pharmaceutical conglomerates with reach into two of the biggest pharmacy groups in the country, developing and marketing innovative products in Indonesia and other countries in Southeast Asia, with manufacturing facilities in Indonesia, Singapore and Vietnam. They will be responsible for assembly, distribution and marketing. The Company has also started to engage in several other commercial arrangements in Indonesia.