GENOVIS Aktie

 

Our Best Quarter in the Enzyme Business: Strong Growth and improved profitability July – September 2024 · Genovis executed a strategic acquisition of a 25% stake in Sequrna AB · Genovis successfully completed a strategic divestment of its Antibody Business to Leinco Technologies Inc. · Net sales totaled SEK 32,895 (30,186) thousand, with a growth rate of 9%. Adjusted for currency effects, the growth was 13%. Net sales for the enzyme business (excluding the antibody business) amounted to SEK 31,625 (25,426) thousand, reflecting a 24% growth, or 28% when adjusted for currency...

Genovis AB, a leading provider of innovative enzyme technologies, announce the launch of FabRICATOR® Xtra, the second generation of its widely used FabRICATOR (IdeS) enzyme. This newly developed enzyme is specifically designed to address the evolving needs of biopharmaceutical development by efficiently digesting next-generation antibody-based therapeutics with mutations designed to enhance their therapeutic properties. New generations of antibody-based therapeutics, designed with structural mutations, have posed a challenge to traditional enzyme technologies. These therapeutic antibodies,...

Genovis, a leading innovator in enzyme technology, today announced the successful divestment of its antibody business to Leinco Technologies Inc., a globally recognized developer of high-quality antibodies for research and diagnostics. This strategic move aligns with Genovis previously communicated focus on optimizing the core business operation and enhancing profitability. The divestment follows a strategic review by Genovis, which identified the need to concentrate on its core enzyme business—a sector where the company has consistently demonstrated market leadership and profitability. The...

This strategic investment unlocks new product offerings for Genovis to both existing and new customers and further paves the way for the expansion into new application areas. Genovis will utilize its distribution network to market and sell SEQURNA's RNase inhibitors alongside its own catalogue of innovative tools for the biopharmaceutical and research industries. Following the investment, Genovis will own 25 percent of SEQURNA. As part of the transaction, the parties have agreed to a call option with an end date on 30 June 2027, providing Genovis the right to acquire all shares of SEQURNA...