other material
confidence high
sentiment positive
materiality 0.65
Intelligent Bio Solutions partners with IVY Diagnostics to expand EU & Middle East drug screening market
INTELLIGENT BIO SOLUTIONS INC.
- Partnership with IVY Diagnostics Srl as key distributor for fingerprint drug screening in Europe and Middle East.
- IVY Diagnostics secured a tender for drug rehab programs across Italy using INBS' fingerprint drug screening technology.
- INBS' drug screening system undergoing trial with Turin police for roadside screening to test fingerprint-based method.
- Expansion to multiple countries: Romania, Hungary, Slovakia, Austria, Scandinavia, UAE, Saudi Arabia, Qatar.
- European drug screening market projected at $3.6B by 2030; Middle East & Africa at $432.7M (Grand View Research).