Workflow
Avid Bioservices(CDMO)
icon
Search documents
Frédéric Robert appointed EUROAPI's Chief Commercial Officer overseeing API Solutions and CDMO activities
GlobeNewswire News Room· 2025-06-04 15:45
Core Insights - EUROAPI has appointed Frédéric Robert as Chief Commercial Officer to enhance its API Solutions and CDMO activities, aligning with the FOCUS-27 transformation plan [1][3] - The new role will focus on creating synergies between API and CDMO operations, delivering the FOCUS-27 sales plan, and redefining the global sales strategy [2][3] Company Overview - EUROAPI is a leading producer of active pharmaceutical ingredients (API) and operates as a contract development and manufacturing organization (CDMO) [1][5] - The company offers approximately 200 products and has strong R&D capabilities with six manufacturing sites in Europe, serving customers in over 80 countries [5][6] Leadership Background - Frédéric Robert brings over 25 years of experience in the pharmaceutical industry, having held senior roles at companies like Aptar, Fareva, and NAOS Bioderma [3][4] - His expertise includes overseeing commercial operations across Europe and North America, providing a comprehensive understanding of the API and CDMO value chain [3][4]
Scinai Reports Q1 2025 Financial Results Highlighting Strong CDMO Revenue Momentum and Reduced Cash Burn
Prnewswire· 2025-05-30 11:00
Financial Performance - As of March 31, 2025, the company had cash and cash equivalents and short-term deposits of $1,018 thousand, a decrease from $1,964 thousand as of March 31, 2024 [3] - Revenues for the three months ended March 31, 2025, totaled $586 thousand, reflecting a year-over-year increase driven by a higher number of contracts executed in the CDMO business [7] - R&D expenses for the same period amounted to $1,296 thousand, down from $1,568 thousand in 2024, primarily due to lower wages and reduced direct R&D expenses [7] - Marketing, general and administrative expenses were $500 thousand, slightly up from $484 thousand in the same period last year [7] - The net loss for the three months ended March 31, 2025, was $1,557 thousand, an improvement from a net loss of $2,159 thousand for the same period in 2024 [7] Business Overview - Scinai Immunotherapeutics Ltd. is a biopharmaceutical company focused on developing innovative biological drug candidates for inflammation and immunology-related diseases [4] - The company operates two business units: one for in-house development of biological therapeutic products and another as a boutique CDMO providing various drug development services [4] - The CDMO unit began generating revenues in the second quarter of 2024, with full-year revenues for 2024 reported at $658 thousand [7]
BioHarvest Secures New CDMO Contract to Develop Plant-based Fragrance Compound
Newsfile· 2025-05-21 12:30
Core Insights - BioHarvest Sciences Inc. has secured a new contract for developing a plant-based fragrance compound, targeting the multi-billion-dollar fragrance and scents market [1][3] - The contract will utilize the company's proprietary Botanical Synthesis technology and advanced AI-assisted research capabilities to identify specific plant species for efficient production [2][4] - The agreement includes milestone-based payments and a non-disclosure agreement for the initial stage of the project [3] Company Overview - BioHarvest is a leader in Botanical Synthesis, leveraging patented technology to grow plant-based compounds without the need for the actual plants [5] - The company operates in two major business verticals: as a contract development and manufacturing organization (CDMO) and as a creator of proprietary nutraceutical health and wellness products [5][6] - The CEO emphasized the contract's potential to expand the company's reach into the high-value fragrance space while contributing to the conservation of threatened plant species [4]
BioHarvest Sciences advances CDMO deal with major pharmaceutical company - ICYMI
Proactiveinvestors NA· 2025-05-17 15:35
Core Insights - BioHarvest Sciences Inc. has transitioned to stage two of its partnership with a pharmaceutical company, marking a significant milestone in the development of plant-derived biological materials for approved drugs [1][4] - The transition involves cultivating specific plant cells in liquid media within small-scale bioreactors, which is a crucial step towards commercial scalability [2][5] Group 1 - Stage one focused on identifying and working with specific plant cells to produce targeted phyto-medicinal compounds using solid media in petri dishes [4][5] - Stage two represents a shift to liquid media cultivation in small-scale bioreactors, which is essential for scaling up production [5][6] - Successful completion of stage two will lead to stage three, where cells will be grown in large-scale industrial bioreactors, with current operations already utilizing bioreactors of 1,200 liters and above [6] Group 2 - The company's mission is to discover, develop, manufacture, and democratize life-changing plant compounds that promote health and wellness while preserving the planet [7] - The transition from stage one to stage two validates the company's work and demonstrates the effectiveness of its botanical synthesis platform, which has been developed over 17 years [8]
WuXi Biologics Receives CDMO Leadership Awards for Eighth Consecutive Year
Prnewswire· 2025-03-24 00:30
Core Insights - WuXi Biologics has received the 2025 CDMO Leadership Awards in the "Biologics - Global" category, marking its eighth consecutive year of recognition for excellence in various areas [1][2][3] Company Achievements - The company has demonstrated a commitment to advancing integrated technology platforms, significantly shortening the development time for monoclonal antibody projects to 9 months, with a recent autoimmune disease project completed in just 6 months [2] - WuXi Biologics has scaled its manufacturing capacity from 4,000 to 16,000 liters using single-use technology (SUT), achieving a 99% success rate from 2022 to 2024 [2] - The company has maintained a 100% success rate in pre-approval inspections (PAI) and has passed over 40 inspections by global regulatory agencies, including 22 by the FDA and EMA [2] Leadership and Recognition - Dr. Chris Chen, CEO of WuXi Biologics, emphasized the importance of the award as a reflection of the trust from global partners and the dedication of the team [3] - The CDMO Leadership Awards evaluated 210 CDMOs based on third-party research, recognizing top performers in four categories across three service regions [3] Company Overview - WuXi Biologics is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) that provides end-to-end solutions for biologics [4] - The company employs over 12,000 skilled employees across multiple countries, supporting 817 integrated client projects, including 21 in commercial manufacturing [5] Sustainability Commitment - WuXi Biologics prioritizes sustainability as a cornerstone of long-term growth, driving green technology innovations and achieving excellence in Environment, Social, and Governance (ESG) practices [6]
Scinai to Connect with Investors, Showcase its Innovative I&I pipeline and its Boutique cGMP Biologics CDMO during BIO-Europe Spring 2025
Prnewswire· 2025-03-17 11:00
Core Insights - Scinai Bioservices, a CDMO unit launched by Scinai in 2024, operates from a facility in Jerusalem, Israel, featuring 1,850 square meters of clean rooms and laboratories compliant with cGMP standards [2][3] - The CDMO unit has engaged in drug development projects for various biotech companies, including upstream and downstream process development, scale-up, and drug manufacturing for clinical trials [3] - Scinai's U.S. subsidiary aims to support early-stage biotech companies by providing essential CDMO services that are currently in short supply, allowing startups to utilize government grant funding [4] Company Overview - Scinai Immunotherapeutics Ltd. is a biopharmaceutical company with two main business units: one focused on developing biological therapeutic products for inflammation and immunology, and the other providing CDMO services to early-stage biotech companies [5] - The company is actively seeking potential pharma partners interested in co-developing or in-licensing its innovative NanoAbs targeting diseases with significant unmet medical needs [7] Business Development - Scinai has partnered with Ayana Pharma to offer liposomal encapsulated drug development services, enhancing its capabilities in the CDMO sector [3] - The company is positioned to attract institutional and private investors by showcasing its value proposition in the biopharmaceutical market [7]
Humanetics Selects Lifecore Biomedical to Deliver CDMO Services Supporting Development of BIO 300 for the Prevention of Acute Radiation Syndrome
GlobeNewswire News Room· 2025-03-17 11:00
Core Insights - Humanetics Corporation is developing BIO 300, a novel radioprotective agent aimed at preventing acute radiation syndrome, with support from the Department of Defense [1][3] - Lifecore Biomedical has been selected to provide contract development and manufacturing services for BIO 300, including technology transfer and analytical method activities [1][2] - The collaboration highlights the innovation within Minnesota's life sciences sector and aims to provide critical protection against radiation exposure for military personnel and civilians [2] Company Overview - Lifecore Biomedical is a fully integrated contract development and manufacturing organization (CDMO) specializing in sterile injectable pharmaceutical products, with over 40 years of experience [4] - Humanetics Corporation focuses on the discovery and development of proprietary drugs for urgent medical needs, particularly in radiation countermeasures and oncology [5] Financial Support - The development of BIO 300 is supported by a grant of $5,132,520 from the Department of Defense through the Peer Reviewed Medical Research Program [3]
Avid Bioservices Launches New Company Website Designed to Boost Company Brand Awareness and Enhance the Visitor Experience
Globenewswire· 2025-02-10 13:05
Core Insights - Avid Bioservices, Inc. has launched a new corporate website aimed at enhancing visitor experience for current and prospective customers [1][2][3] Company Overview - Avid Bioservices is a dedicated contract development and manufacturing organization (CDMO) focused on biologics, providing a comprehensive range of services including CGMP clinical and commercial manufacturing [4] - The company has over 30 years of experience in producing biologics and offers services such as process development, bulk packaging, and regulatory submissions support [4] Website Features - The new website features an improved user experience with user-friendly navigation, enhanced accessibility, video interaction, and educational resources [2][3] - The tagline "Discover the Avid effect.™" is used to highlight the company's differentiation and position as a trusted biologics CDMO [2] Leadership Perspective - The CEO of Avid emphasized the importance of aligning the online presence with the company's commitment to exceptional quality service and customer satisfaction [3]
Avid Bioservices, Inc. Provides Notice of Fundamental Change and Make-Whole Fundamental Change to Holders of its Convertible Notes in Connection with Completed Merger
Globenewswire· 2025-02-05 15:45
Core Points - Avid Bioservices, Inc. announced a Fundamental Change and a Make-Whole Fundamental Change occurred on February 5, 2025, due to the closing of a merger transaction [1][2][5] - Holders of the 7.00% Convertible Senior Notes due 2029 have the right to require the company to repurchase their notes at 100% of the principal amount plus accrued interest on March 12, 2025 [2][4] - The company will increase the Conversion Rate for notes surrendered for conversion during the Make-Whole Fundamental Change Conversion Period, which ends on March 10, 2025 [5][10] Company Overview - Avid Bioservices is a dedicated contract development and manufacturing organization (CDMO) focused on biologics, providing a range of services including process development and CGMP manufacturing for biotechnology and pharmaceutical companies [13]
Avid Bioservices poised for significant growth with new partners GHO Capital and Ampersand Capital Partners
Newsfilter· 2025-02-05 14:55
Acquisition Overview - GHO Capital Partners and Ampersand Capital Partners have successfully closed the acquisition of Avid Bioservices, a dedicated biologics Contract Development and Manufacturing Organisation (CDMO), in an all-cash transaction valued at approximately $1.1 billion [1][4][7] - Avid's stockholders will receive $12.50 per share in cash, and the company's common stock will be delisted from Nasdaq [4][7] Company Growth and Capabilities - Avid has experienced significant growth, offering full lifecycle capabilities from concept to commercial supply, with substantial investments in state-of-the-art facilities and expertise in bioprocess optimization, analytical testing, and regulatory compliance [2][9] - The company provides a comprehensive range of services including CGMP clinical and commercial drug substance manufacturing, bulk packaging, and regulatory submissions support, leveraging over 30 years of experience in producing biologics [9] Strategic Focus of GHO and Ampersand - GHO has considerable expertise in the CDMO sector, focusing on expanding technological capabilities, driving acquisitions, and supporting transatlantic expansion across the CDMO value chain [3][10] - Ampersand Capital Partners, with $3 billion in assets under management, is dedicated to growth-oriented investments in the healthcare sector, leveraging a blend of private equity and operating experience to build value [10] Leadership Insights - GHO's Managing Partners expressed excitement about the acquisition, highlighting Avid's strong foundation for future growth and the potential to unlock the business's full potential [4] - Avid's President and CEO noted that the new ownership will provide access to resources that will accelerate growth and enhance capabilities [4]