Abcam the most awarded company at 2022 industry awards

Rhea-AI Summary

Abcam (NASDAQ: ABCM), a leading life sciences company, has secured six accolades at the CiteAb annual awards, the highest of any participant this year. Notable recognitions include the Innovation of the Year for its recombinant multiclonal antibodies and Acquisition of the Year for acquiring BioVision for $340M. These achievements highlight Abcam's commitment to enhancing scientific reproducibility and meeting the demand for high-performance assays, thereby strengthening its position in the life sciences sector.

Positive

• Secured six awards at the CiteAb annual awards, the most of any company.
• Won 'Innovation of the Year' for the recombinant multiclonal range.
• Acquired BioVision for $340M, enhancing assay offerings.

Negative

• None.

CAMBRIDGE, England, March 25, 2022 /PRNewswire/ -- Abcam (AIM:ABC); (NASDAQ:ABCM), today announced that it has received six recognitions from CiteAb at their annual industry awards, the highest of any participant evaluated this year. This record number of acknowledgments follows a year of substantial investment for Abcam to enable life sciences researchers from academia and industry to advance discoveries and deliver faster breakthroughs.   

First and foremost, Abcam was recognized for its initiatives to improve standards in the reagent industry. Its "Recombinant Multiclonal" range, which combines the benefits of recombinant monoclonal and polyclonal antibodies, was awarded "Innovation of the Year" by a panel of experts while Abcam was highly commended in the "Recombinant Antibody Supplier of the Year" category. The Company also won the "Supplier Succeeding in KO Validation" award for its antibody validation program. All three awards demonstrate Abcam's commitment to continually improving scientific reproducibility in life sciences, which benefits the research community and society globally. 

Prof. Giovanna Roncador, Head of the Monoclonal Antibodies Unit/Biotechnology Program at the Spanish National Cancer Research Center (CNIO), Founder and Chair of EuroMabNet and recipient of the 2022 CiteAb award for "Significant Individual Impact" said: "As a cancer researcher and antibody engineer, I firmly believe that advancing science goes hand in hand with improving standards for reagent quality. I am delighted but not surprised to see Abcam's success in the CiteAb Awards, as, this year again, they have taken a number of strides forward to deliver the scientific community the tools they need for success."

Dr. Alejandra Solache, SVP Research and Development at Abcam and recipient of the 2021 CiteAb award for "Significant Individual Impact" commented: "We are excited to see our dedication to delivering higher standards being acknowledged as we continually look for new ways in which we can break barriers and set new industry standards for improving reproducibility in science. Thank you to CiteAb, the judging panels and the researchers with whom we share the same passion to drive life sciences forward." 

Finally, this year's CiteAb awards also recognize Abcam's effort to address the growing demand of the sector for high-performance, reproducible, off-the-shelf assays with the acquisition of BioVision for $340M. Offering a platform for greater innovation and increasing access to biochemical assays and cellular assays, the deal is recognized for its potential to lay the foundations for future positive impact across the life sciences sector.

Abcam's 2022 full list of recognitions include:

Acquisition of the Year – Winner (BioVision)
Innovation of the Year – Winner (Recombinant Multiclonal range)
Supplier Succeeding in KO validation – Winner
Recombinant Antibody Supplier of the Year - Highly Commended
Supplier Succeeding in Cancer Research - Highly Commended
Supplier Succeeding in Sars-Cov-2 research - Highly Commended

About Abcam plc

As a global life sciences company, Abcam identifies, develops, and distributes high-quality biological reagents and tools that are crucial to research, drug discovery and diagnostics. Working across the industry, the Company supports life scientists to achieve their mission, faster.

Abcam partners with life sciences organizations to co-create novel binders for use in drug discovery, in vitro diagnostics and therapeutics, driven by the Company's proprietary discovery platforms and world-leading antibody expertise.

By constantly innovating its binders and assays, Abcam is helping advance the global understanding of biology and causes of disease, which enables new treatments and improved health. The Company's pioneering data-sharing approach gives scientists increased confidence in their results by providing validation, user comments and peer-reviewed citations for its 90,000 products.

With a direct presence in America, Asia and Europe, many of Abcam's over 1,700-strong team are located in the world's leading life sciences research hubs, complementing a global network of service and support.

To find out more, please visit www.abcam.com and corporate.abcam.com

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SOURCE Abcam

FAQ

What awards did Abcam win at the CiteAb 2022 awards?

Abcam won six awards, including 'Innovation of the Year' and 'Acquisition of the Year'.

What is the significance of Abcam's acquisition of BioVision?

The acquisition for $340M enhances Abcam’s offerings in high-performance biochemical assays.

How does Abcam's success at the CiteAb awards impact its stock ABCM?

The accolades reinforce Abcam's reputation and may positively influence investor confidence in its growth prospects.

How does Abcam support life sciences research?

Abcam develops and distributes high-quality biological reagents and tools essential for research and diagnostics.