Abingdon Health president appointed to board of investee FOFH

(Sharecast News) - Abingdon Health announced on Wednesday that it has deepened its strategic relationship with US-based diagnostics firm Find Out From Home (FOFH), appointing company president Chris Yates as a director of FOFH. The AIM-listed rapid test developer and manufacturer holds a 19% stake in FOFH through a service-for-equity arrangement, and was supporting the US company's product development and regulatory efforts.

Abingdon and FOFH are currently working on gaining regulatory approval for four self-test kits targeting sexually transmitted diseases, under a $2m contract announced in December.

In addition, the two companies were collaborating on the development of a further three STD tests.

At 1030 BST, shares in Abingdon Health were down 2.43% at 6.83p.

Reporting by Josh White for Sharecast.com.