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Achiko AG – Publication of Annual Report and Annual Financial Statements 2021 to Occur by 31 May 2022

29 April 2022

Zurich, 29 April 2022: Ad hoc announcement pursuant to Art. 53 LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) announces that Achiko will publish its annual report and its annual financial statements for the year 2021 on 31 May 2022 at the latest. As a company listed on SIX, Achiko is required to publish its annual report, together with the annual financial statements, within four months of the balance sheet date. Due to the Covid-19 pandemic, new staffing and training under difficult conditions in consequence of measures taken by several countries required a lot of management capacity. As a result, the publication of the annual report, together with the annual financial statements, as of 31 December 2021 will occur in the month of May 2022. Achiko has filed an exemption request with SIX Exchange Regulation (SER) regarding the publication of the annual report and the annual financial statements 2021. On 28 April 2022, SER granted Achiko the requested extension.

As required by SER, Achiko hereby reprints para. I of SER’s respective decision:

  1. The exemption application of Achiko (Issuer) dated 27 April 2022 requesting an extension of the deadline to publish its 2021 annual report and to file such report with SIX Exchange Regulation AG until 31 May 2022 at the latest is granted with the following reservation (lit. a) and under the following conditions (lit. b and c):
    • a. SIX Exchange Regulation AG reserves the right to suspend trading of the registered shares of the Issuer in case its 2021 annual report is not published in accordance with the provisions on ad hoc publicity (Art. 53 of the Listing Rules [LR] in connection with the Directive on Ad hoc Publicity [DAH]) and not filed with SIX Exchange Regulation AG until Tuesday, 31 May 2022, 11.59 pm CET, at the latest
    • b. Achiko is required to publish a notice in accordance with the provisions on ad hoc publicity (art. 53 LR in connection with the DAH) concerning this decision until Friday, 29 April 2022, 7.30 am CET, at the latest. The notice must contain:
      • the unaltered reproduction of the wording of para. I. of this decision, placed in a prominent position;
      • the reasons for the application of the Issuer requesting an extension of the deadline to publish its 2021 annual report and to file such report with SIX Exchange Regulation AG.
    • c. Achiko is required to publish a notice in accordance with the provisions on ad hoc publicity (art. 53 LR in connection with the DAH) concerning this decision until Thursday, 19 May 2022, 7.30 am CET, at the latest. The notice must contain:
      • the unaudited key figures such as net revenues, EBITDA, EBIT, profit/loss, balance sheet total, equity etc. for the annual results 2021.

The next annual general meeting was intended to take place on 31 May 2022. Due to the later publication of the annual report 2021, the annual general meeting 2022 will take place at the end of June 2022.

ABOUT ACHIKO AG

Achiko AG (SIX: ACHI.SW; OTCQB: ACHKF; www.achiko.com) is developing disruptive diagnostic solutions that puts people first. The company’s lead product is a rapid, reliable Covid-19 test with a companion app offering a user-friendly digital health passport. The test and companion app were launched in Indonesia in mid-2021 and an application for CE Mark approval in Europe will be submitted in 2022.

Achiko creates and develops aptamer-based diagnostics through its biotechnology division, AptameXTM and companion health apps via its digital mobile health technology division, Teman SehatTM. The AptameX DNA aptamer tests can be rapidly chemically synthesised, are cost-effective and have wide potential across multiple disease diagnostics. Leveraging AptameX and Teman Sehat, Achiko aims to deliver fast, accurate and affordable diagnostic testing for a range of pathogenic diseases and therapeutic indications in the rapidly evolving healthcare diagnostics field.

Headquartered in Zurich, Achiko has offices in Jakarta, and staff around the world.

Media contacts:

ACHIKO AG
Investor Relations
E: ir@achiko.com

Switzerland & Global
Marcus Balogh
Farner Consulting Ltd.
E: achiko@farner.ch
T: +41 44 266 67 67

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

Filed Under: Ad-hoc Announcements, Announcement

AptameX Production and Commercialisation Update

28 April 2022

  • Company has commenced shipping and will book first sales in May 2022
  • Reorganised production line able to meet stronger than expected demand for Achiko AG’s innovative DNA aptamer saliva-based rapid test for Covid-19
  • Validated calibration through quality control tests completed in Taiwan and Indonesia
  • Future financing expected to be met through working capital and trade finance options

Zurich, 28 April 2022: Ad hoc announcement pursuant to Art. 53 LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) is pleased to report that its reorganised production line in Indonesia is faring well following a recent production review by Steven Goh, CEO of Achiko AG, and Dr Michael Edel, the inventor of Covid-19 rapid test AptameX™.

Following last week’s announcement of a Marketing and Sales agreement with Pengurus Wilayah Nahdlatul Ulama DKI Jakarta (“PWNU”), the Jakarta District of Nahdlatul Ulama (“NU”) and Indofarma, the Company is pleased to report stronger than expected demand for AptameX and is planning to deliver over 2 million kits in a shorter timeframe than previously contemplated to meet demand, and is commencing first deliveries.

AptameX is unique in that unlike PCR testing which is expensive and often impractical, or rapid tests that rely on scaling the production of enzymes and has sensitivity limitations at lower viral loads, it uses synthetic DNA aptamers in a rapid testing format.  The Company has successfully managed to classify results against a PCR test to cycle thresholds as high as 33, implying a sensitivity and specificity of greater than 97%, and has recently successfully operationalised this in production.

“We’re glad that we’re moving to a period where we can better manage living with Covid-19”, said Steven Goh.  “Vaccine inequality, waning effectiveness and accelerated evolution with new variants of concern, all mean that testing is likely to play a critical role in our preparedness and for the health and wellbeing of the people that we care about.  We have a unique and differentiated product in this regard.”

Achiko recently reorganised its manufacturing arrangements in Indonesia and is currently holding inventory for conjugate and plastics in Indonesia in preparation for sales deliveries following its Marketing and Sales agreement with NU.  For sales and distribution outside of Indonesia, the Company plans to locate all production with partners in Taiwan. 

As Achiko begins to look beyond Indonesia upon completion of its CE Mark shortly, the Company expects financing to be met through working capital and evaluating trade finance options as it responds to demand in other countries.

ABOUT ACHIKO AG

Achiko AG (SIX: ACHI.SW; OTCQB: ACHKF; www.achiko.com) is developing disruptive diagnostic solutions that puts people first. The company’s lead product is a rapid, reliable Covid-19 test with a companion app offering a user-friendly digital health passport. The test and companion app were launched in Indonesia in mid-2021 and an application for CE Mark approval in Europe will be submitted in 2022.

Achiko creates and develops aptamer-based diagnostics through its biotechnology division, AptameXTM and companion health apps via its digital mobile health technology division, Teman SehatTM. The AptameX DNA aptamer tests can be rapidly chemically synthesised, are cost-effective and have wide potential across multiple disease diagnostics. Leveraging AptameX and Teman Sehat, Achiko aims to deliver fast, accurate and affordable diagnostic testing for a range of pathogenic diseases and therapeutic indications in the rapidly evolving healthcare diagnostics field.

Headquartered in Zurich, Achiko has offices in Jakarta, and staff around the world.

Media contacts:

ACHIKO AG
Investor Relations
E: ir@achiko.com

Switzerland & Global
Marcus Balogh
Farner Consulting Ltd.
E: achiko@farner.ch
T: +41 44 266 67 67

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

Filed Under: Ad-hoc Announcements, Announcement

Achiko AG Signs Major Marketing and Sales Agreement with the World’s Largest Islamic Association for its AptameX Covid-19 rapid test

20 April 2022

  • Signed major deal with Pengurus Wilayah Nahdlatul Ulama DKI Jakarta, for the use of Covid-19 test AptameX in general assemblies and activities. Located primarily in Indonesia, Nahdlatul Ulama is the world’s largest Islamic organization with over 90 million registered members in Indonesia.
  • Reorganised and updated contracts with PT Indofarma Tbk, with an initial 1 million test kits to meet demand, and production planning for more than 5 million test kits a month within 6 months and more than 10 million test kits per month within 12 months.
  • Expanded collaboration with PT Indofarma Tbk to include additional aptamer-based diagnostics for Dengue and other diseases with Teman Sehat and convert Teman Sehat to a diagnostics telehealth platform.

Zurich, 20 April 2022: Ad hoc announcement pursuant to Art. 53 LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) is pleased to announce that the Company has signed a Marketing and Sales agreement with Pengurus Wilayah Nahdlatul Ulama DKI Jakarta (“PWNU”), the Jakarta District of Nahdlatul Ulama (“NU”), the largest Islamic organisation in the world, located primarily in Indonesia, for the delivery of aptamer-based diagnostics, first to its Jakarta branch of over 4 million members, and on success, to the larger membership of over 90 million registered members. 

PWNU intends to promote frequent testing to all of its members with this collaboration, contributing to the Indonesian Government’s efforts to reduce the impact of the Covid-19 pandemic through its 3T (Testing, Tracing, Treatment) Covid-19 management program. This is in line with PWNU’s objectives to ensure the health and well-being of its members and aid in the economic recovery in the DKI Jakarta community.

“This collaboration is one of NU’s efforts to protect all members of society from the spread of Covid-19 and its variants. This rapid diagnostic test will not only be used by all our members in every general activity of the DKI Jakarta PWNU, but also in special activities. Moreover, because this diagnostic test kit is very affordable and convenient to use, it is hoped that it can help PWNU DKI Jakarta members carry out routine testing. Since the testing process does not insert any objects or liquids into the patient’s body, and can be confirmed based on saliva testing, this does not break the fast,” said Dr. KH. Samsul Ma’arif, MA, Chief Tanfidziyah PWNU DKI Jakarta.

With its population of over 270 million people including a middle class of over 100 million and 20 million indigenous people, cast over 6,000 islands, for Indonesia, Covid-19 presents unique challenges to the economy, health of the population and its healthcare sector. Given Covid-19’s rate of mutation and the rate at which the effect of vaccines and booster shots are waning, developing countries like Indonesia may never be able to ensure a continuous vaccination coverage of its entire population. Since many people cannot afford to stop working even for a few days, the approach of test and isolate is a strong disincentive to testing, and other models such as Test and Treat are needed.

Production and distribution

NU plays a special role in Indonesian life. It has over 90 million registered members and including their families, represents more than half of Indonesia’s 270 million population and operates over 6,000 schools and universities and several hundred hospitals and clinics. The Jakarta chapter alone has over 4 million registered members. 

To support this community, Achiko and PT Indonesia Farma Medis’ joint venture company PT Achiko Medika Indonesia (“AMI”) has updated its contractual relationship with PT Indofarma Tbk (“Indofarma”) to include distribution and to commence the immediate production of 1 million test kits over the next few months. Sales will commence later this month, and Achiko expects to produce several million test kits per month in Indonesia after the initial implementation phase.  Additionally, Achiko will be securing and developing tests for additional diseases starting with Dengue and looking to a range of other mass market diagnostics to add to the platform.

“We are excited to be providing our AptameX Covid-19 test kits to NU members and their families. The difference in chemistry, using synthetic DNA aptamers compared to antigen-based tests, allows us to offer a friendlier, more sensitive test at an even more affordable price,” said Achiko CEO Steven Goh. “Covid-19 has prompted a revolution in med tech both in telehealth and in diagnostics. Achiko is well positioned to build on its differentiated leading Covid-19 test to develop a wide range of similarly attractive tests for other applications and provide these tests on a cost-effective basis for the entire Indonesian population.”

“Indofarma, as the only one pharmaceutical BUMN in Indonesia, is very proud and fully supports the activities organized by PWNU DKI Jakarta and Achiko in order to meet the need for Covid-19 diagnostic test kits – AptameX for PWNU activities going forward,” said Mr. Arief Pramuhanto President Director, PT Indofarma, Tbk.

The AptameX advantage

By using DNA aptamers, AptameX has many advantages over PCR tests and rapid antigenic tests. PCR Testing whilst extremely sensitive is often demanding to use, expensive and slow. Antigenic approaches rely on scaling the production of Antigens and whilst cheaper and faster, have sensitivity limitations at lower viral loads where Covid-19 is known to transmit. In comparison, a DNA aptamer used in a rapid test format has advantages by cost, specificity, and the ability to scale as a result of its synthetic nature. Achiko has successfully managed to classify positive and negative cases with a comparable high PCR CT Value with cases as high as 33, a level where most current antigen-based test kits simply won’t read.

“We’ve been working on this with our local Partners for some time and it’s exciting to see this finally come to fruition”, said Steven Goh.  “We expect to deliver 1m tests as early as within 3 months and our base case is to be delivering 5m tests monthly by 6 months and 10m tests monthly by 12 months respectively.”

“Costs per test are comparable to or substantially lower than antigenic approaches. In the case of Covid-19 testing, typical rapid tests are between USD$3.5 to USD$7 per test. The initial pricing for AptameX is at IDR49,000 (around USD$3.40) and on volume, lower. We think this represents great value for heightened sensitivity, and a more customer friendly test. Distribution costs are around 30%. Materials costs per test start around USD$0.50 per test but on scale may fall below USD$0.25 per test. We estimate costs per test by operations may range from USD$1 to under USD$0.50 depending on scale.  After royalty fees to Achiko, net earnings are shared with our 50:50 JV partner.  Actual costs may vary depending on market and business conditions.”

The commercial milestone immediately follows a trip by Steven Goh, CEO of Achiko AG, and Dr Michael Edel, the inventor of AptameX to Indonesia to review and streamline production arrangements and milestones achieved by the Company’s Indonesian team with contributions from the company’s partners in Indonesia, Taiwan, Spain and Switzerland. Advances in product operations from quality control tests in Taiwan and Indonesia confirm high level of analytical performance in production including selectivity tests showing that the test works with recent known Covid-19 variants.

The company is now looking to expand its commercial presence in Indonesia and is responding to demand in other countries. The Company expects to complete its CE Mark in the next few weeks.

ABOUT ACHIKO AG

Achiko AG (SIX: ACHI.SW; OTCQB: ACHKF; www.achiko.com) is developing disruptive diagnostic solutions that puts people first. The company’s lead product is a rapid, reliable Covid-19 test with a companion app offering a user-friendly digital health passport. The test and companion app were launched in Indonesia in mid-2021 and an application for CE Mark approval in Europe will be submitted in 2022.

Achiko creates and develops aptamer-based diagnostics through its biotechnology division, AptameXTM and companion health apps via its digital mobile health technology division, Teman SehatTM. The AptameX DNA aptamer tests can be rapidly chemically synthesised, are cost-effective and have wide potential across multiple disease diagnostics. Leveraging AptameX and Teman Sehat, Achiko aims to deliver fast, accurate and affordable diagnostic testing for a range of pathogenic diseases and therapeutic indications in the rapidly evolving healthcare diagnostics field.

Headquartered in Zurich, Achiko has offices in Hong Kong, Jakarta, Seoul and Singapore.

ABOUT NAHDLATUL ULAMA

Nahdlatul Ulama (NU), founded in Indonesia in 1926, is the largest independent Islamic organization in the world, with an estimated 90 million members. The organization regularly extends financial assistance to the education and healthcare sectors and takes an active role in solving economic and social problems in the country.

NU, as one of the elements of the nation, upholds its duty to guard the existence of the Republic of Indonesia in various aspects of the life of the nation and state.

NU remains committed to be of service to Indonesians as it vows to find solutions to national problems. As part of the organization’s moral responsibility and its hope for the rise of a better Indonesia, NU helps provide justice and prosperity to the people while maintaining and advocating the traditions and teachings handed down by the founding scholars of NU.

For more information contact Nahdlatul Ulama DKI Jakarta Chapter (PWNU)

H. Emka Farah Mumtaz
T: +62 898 9330 307

ABOUT INDOFARMA

PT Indofarma Tbk is the only one pharmaceutical BUMN in Indonesia that focused on the development and production of domestic medical devices that was founded in 1918 and in January 2020 became part of the BUMN Farmasi Holding together with Biofarma and Kimia Farma.

PT Indofarma TBK continues to support the Government of the Republic of Indonesia programs in the health sector and contribute to improving health status and a better quality of life by committing to provide medicines with guaranteed quality and affordable prices for the community. In addition, the Company also supports the efforts of the government of the Republic of Indonesia in accelerating the handling of the Covid-19 pandemic by providing pharmaceutical products and medical devices, as well as health services. To date, Indofarma has had 321 distribution licenses for medicinal products and medical devices with distribution coverage spread across 29 branches throughout Indonesia.

Further information can be found at https://indofarma.id.

Media contacts:

ACHIKO AG
Investor Relations
E: ir@achiko.com

Switzerland & Global
Marcus Balogh
Farner Consulting Ltd.
E: achiko@farner.ch
T: +41 44 266 67 67

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

Filed Under: Ad-hoc Announcements, Announcement

Achiko secures up to CHF12m equity and debt financing lines with RiverFort over 3 years

20 April 2022

Zurich, 20 April 2022: Ad hoc announcement pursuant to Art. 53 LR –Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) announces the completion of an Equity Subscription Agreement (“ESS”) with the institutional investor RiverFort Global Opportunities PCC Limited (“RiverFort”) for the next 36 months. The agreement provides for up to CHF10m to help finance the production of AptameX™ in Indonesia and the expansion of the business operations for the continued combating of the spread and impact of Covid-19 as well as for other contemporary diagnostics solutions beyond Covid-19. The facility was arranged by the FCA regulated intermediary RiverFort Global Capital Limited based in London.

In addition to the ESS, RiverFort have entered into an unsecured loan facility of up to CHF 2m over 2 years with an immediate financing of CHF 300,000 (the “Mezzanine Loan”, with the ESS and the Mezzanine Loan together being the “Facilities”). The amortising payments for the Mezzanine Loan may, at the election of Achiko, be settled by way of the granting of a share option which permits RiverFort to subscribe for further equity securities of Achiko.

Both Achiko and RiverFort view the capital allocation from the Facilities as not only as an investment into Achiko but also as a starting point for a long-term strategic partnership to advance Achiko’s projects and expansion in the continued fight against the challenges presented by Covid-19 at a global level.

Achiko plans to apply the initial funds to the production of AptameX in Indonesia. The company has already invested in active compounds and plastics and requires the funds to complete the production of around 1,000,000 test kits for its proprietary aptamer-based Covid-19 testing system, as initial inventory before a larger marketing rollout. This follows the completion of production preparations in Indonesia, admission into the Government purchasing list in Indonesia, establishing a chain of production in Taiwan, and successful selectivity testing in Spain against new variants including the Omicron.

“Testing and therapeutics will be a critical part of our response as we learn to live with Covid-19,” said Steven Goh, CEO of Achiko. “This financing allows us to achieve an important commercialisation milestone for our flagship product, AptameX, and respond to the challenge of our new normal. The Facilities provide Achiko with increased flexibility to finance its growth over the next three years.”

“Achiko immediately presented to us a deep understanding of the continued challenges of both Covid-19 at a global level and the complexities of distribution of the services related to the testing of geographically diverse populations. We have been impressed by Achiko’s business plans and the markets in which they do, and will, operate and we are pleased to be able to partner with them as their financing partner as they expand their operations,” Gytis Martinkus, CEO of RiverFort Global Capital.

Should Achiko elect to settle the Mezzanine Loan repayments by the issuance of a share option to RiverFort, the subscription price during the term of the options will be set at 90% of the lowest volume weighted average price during the preceding 10 trading days VWAP to each option subscription. Further key terms of the Facilities; (i) a 3 month repayment in cash or the election of Achiko to grant a share option, and warrant coverage, to be issued at the next company’s next Annual General or Extraordinary Meeting whichever the sooner, (ii) the agreements for the Facilities contain customary warranties, undertakings and covenants. Further, in consideration of the Facilities, Achiko has agreed to grant to RiverFort matching warrants exercisable at a premium to market and to the extent drawn which are conditional upon the passing of certain resolutions at the next general meeting of the shareholders of Achiko.

ABOUT ACHIKO AG

Achiko AG (SIX: ACHI.SW; OTCQB: ACHKF; www.achiko.com) is developing disruptive diagnostic solutions that puts people first. The company’s lead product is a rapid, reliable Covid-19 test with a companion app offering a user-friendly digital health passport. The test and companion app were launched in Indonesia in mid-2021 and an application for CE Mark approval in Europe will be submitted in 2022.

Achiko creates and develops aptamer-based diagnostics through its biotechnology division, AptameXTM and companion health apps via its digital mobile health technology division, Teman SehatTM. The AptameX DNA aptamer tests can be rapidly chemically synthesised, are cost-effective and have wide potential across multiple disease diagnostics. Leveraging AptameX and Teman Sehat, Achiko aims to deliver fast, accurate and affordable diagnostic testing for a range of pathogenic diseases and therapeutic indications in the rapidly evolving healthcare diagnostics field.

Headquartered in Zurich, Achiko has offices in Jakarta and Singapore.

ABOUT RIVERFORT GLOBAL CAPITAL LTD

RiverFort Global Capital Limited (“RGC”) is a London based FCA regulated intermediary that arranges comprehensive and innovative growth funding solutions to publicly listed and private companies across a range of sectors. With its extensive industry knowledge and experience it prides itself in creating mutually beneficial partnerships with its funding sources. RGC has arranged for RiverFort Global Opportunities PCC Limited (an institutional investor) to invest in these Facilities.

Media contacts:

ACHIKO AG
Investor Relations
E: ir@achiko.com

Switzerland & Global
Marcus Balogh
Farner Consulting Ltd.
E: achiko@farner.ch
T: +41 44 266 67 67

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

Filed Under: Ad-hoc Announcements, Announcement

Achiko AG Production and Sales Update

3 March 2022

  • Unique chemistry with DNA Aptamers Completing pre-sales validation testing
  • Completing pre-sales validation testing in Indonesia

Zurich, 3 March 2022: Ad hoc announcement pursuant to Art. 53 LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) today announced an update to its production and sales plans for its Covid-19 testing platform AptameXTM in Q2 2022.

The Company is currently completing pre-sales validation processes in Indonesia, and is moving to establishing supply chain from Taiwan to the rest of the world. Future market development in Indonesia will be supported by the Company’s presence in Indonesia and supply from Taiwan.  Global demand will be met by resources in Taiwan, Spain and Australia. Additionally, it is commencing a clinical investigation report in Australia as part of its international sales effort, and as the last remaining key part of its CE Mark.

“As President Biden announced in his State of the Union Address this week, the response to Covid-19 is moving to test and treat,” said Steven Goh, CEO of Achiko AG. “AptameX’s unique chemistry gives it performance advantages over other rapid tests and a price and time performance advantage over molecular approaches such as RT-PCR.”

“As the world moves to treating Covid-19 as endemic, we believe that the demand for testing shifts but in the end, becomes larger as a whole.  It’s great to see some countries like the United Kingdom moving quickly to a new normal, however as the situation in Hong Kong and other countries shows, this is likely to be a challenging future,” added Goh.

AptameX is based around the use of DNA aptamers encoded to the S1 protein, in a colloidal gold solution with the results obtained using a UV Spectrophotometer and software. Unlike antigen-based rapid tests which are based around an antigen reacting with the N1 protein, the S1 is exposed on the surface of the virion in 24 to 40 or so spikes.

“As our recent classification results show, unique chemistry has both been an asset for the company and a liability with it taking longer to commercialise and register something new. We’ve been doing this largely over Zoom. We’re over the hump of it now, and as some travel opens up we’re expecting things to accelerate from here,” said Goh.

ABOUT ACHIKO AG

Achiko AG (SIX: ACHI.SW; OTCQB: ACHKF; www.achiko.com) is developing disruptive diagnostic solutions that puts people first. The company’s lead product is a rapid, reliable Covid-19 test with a companion app offering a user-friendly digital health passport. The test and companion app were launched in Indonesia in mid-2021 and an application for CE Mark approval in Europe will be submitted in 2022.

Achiko creates and develops aptamer-based diagnostics through its biotechnology division, AptameXTM and companion health apps via its digital mobile health technology division, Teman SehatTM. The AptameX DNA aptamer tests can be rapidly chemically synthesised, are cost-effective and have wide potential across multiple disease diagnostics. Leveraging AptameX and Teman Sehat, Achiko aims to deliver fast, accurate and affordable diagnostic testing for a range of pathogenic diseases and therapeutic indications in the rapidly evolving healthcare diagnostics field.

Headquartered in Zurich, Achiko has offices in Hong Kong, Jakarta, Seoul and Singapore.

Media contacts:

ACHIKO AG
Investor Relations
E: ir@achiko.com

Switzerland & Global
Marcus Balogh
Farner Consulting Ltd.
E: achiko@farner.ch
T: +41 44 266 67 67

U.S. & Global
Jeanene Timberlake
RooneyPartners
E: jtimberlake@rooneypartners.com
T: +1 646 770 8858

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

Filed Under: Ad-hoc Announcements, Announcement

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