KUALA LUMPUR: Widad Group Bhd has signed a memorandum of collaboration with Rinani Dynamic Sdn Bhd for the distribution, marketing and selling of the Covid-19 vaccine. In a statement Tuesday, Widad said Rinani is the local representative in Malaysia for VAXART Inc, an US-based entity that is listed on Nasdaq with respect to its ongoing development of an oral-based (tablet) Covid-19 vaccine. The appointment of Rinani was made by Majoritas Global Limited, a company incorporated in Hong Kong, who in turn is Vaxart’s global representative for Malaysia. Under the agreement, Rinani will be collaborating with Widad in the distribution, marketing and selling of the vaccine and other Vaxart products in Malaysia. Rinani is principally engaged in the business of investment advisory services and other management consultancy activities. In a filing with Bursa Malaysia, Widad said the collaboration is for a period of one year upon the execution by both parties hereto and may be mutually extended by both parties. The collaboration is terminated in the event of the mutual termination by both parties.
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