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Israeli blood test startup Sight Diagnostics inks deal for distribution in UAE

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Israel’s Sight Diagnostics, a startup that analyzes blood samples with a small device in minutes, has inked a deal to install its products in the United Arab Emirates and other Gulf countries.

The company said on Wednesday it had agreed to a distribution partnership with the Dubai-based business development firm Phoenix Capital.

Sight will provide its OLO blood analyzer machines to nine medical centers owned by Phoenix in the UAE, and in the next year, the two companies will work to expand Sight’s presence in other parts of the Gulf region. A statement from Sight said Saudi Arabia would be included, without providing details.

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Most outpatient medical facilities in the UAE use outdated laboratory equipment that is not practical for on-site, or point-of-care, testing and diagnostics, Sight said in a statement.

Abdullah Saeed Al Naboodah, the chairman of Phoenix Capital, said, “We chose Sight OLO because it simply meets the needs of the clinics we distribute to. With the influx of patients due to COVID-19, having access to fast, accurate fingerprick diagnostics is essential to quickly and correctly triage and treat our clinics’ patients.” Abdullah Saeed Al Naboodah, chairman of Al Naboodah Investments in Dubai, and Jon Medved, CEO of OurCrowd........

© The Times of Israel

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