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Applied DNA Sciences, Inc. (NASDAQ: APDN) is a biotechnology company pioneering advanced DNA-based technologies to safeguard assets and enhance industrial and healthcare applications. Headquartered in Stony Brook, NY, Applied DNA leverages Polymerase Chain Reaction (PCR) to produce and detect DNA and RNA, operating in three key segments: Therapeutic DNA Production Services, MDx Testing Services, and DNA Tagging and Security Products and Services.
In the Therapeutic DNA Production Services segment, Applied DNA produces synthetic DNA for nucleic acid-based therapeutics. With the acquisition of Spindle Biotech, the company has expanded its portfolio to include a proprietary RNA polymerase (RNAP) for mRNA therapeutics manufacturing. The recent contract with HDT Bio under the 'Project NextGen: Enabler' award aims to expedite mRNA vaccine production, highlighting the company's commitment to rapid-response medical solutions.
The MDx Testing Services segment, which includes clinical molecular diagnostic and genetic testing services, significantly contributes to the company's revenue. Applied DNA's innovative Linea™ IVT platform, designed to produce high-fidelity mRNA with reduced contamination, is a game-changer in molecular diagnostics.
Through the DNA Tagging and Security Products and Services segment, the company offers solutions under the brands Applied DNA Sciences, SigNature®, SigNature® T, fiberTyping, and SigNify®, providing robust anti-counterfeiting and product authentication services. These services are essential for supply chain security across various industries, including textiles and pharmaceuticals.
Recent achievements include closing a $12 million public offering to fund the development of DNA production services and the successful reverse stock split to comply with Nasdaq's minimum bid price requirements. Additionally, Applied DNA received a Notice of Allowance from the USPTO for a patent on its Linea™ RNAP, solidifying its intellectual property portfolio and extending patent protection into 2041.
Applied DNA remains dedicated to advancing DNA technology to meet the world’s evolving needs in healthcare, supply chain security, and beyond. For more information, visit their website at www.adnas.com and follow them on social media for the latest updates.
Applied DNA Sciences (NASDAQ: APDN) announced that its CertainT® supply chain traceability platform has been featured in an article on the New York Times' homepage. This article highlights the growing need for tracing technologies in response to the Uyghur Forced Labor Prevention Act (UFLPA). The CertainT platform employs a 'tag-test-track' approach, utilizing synthetic DNA tags to enhance supply chain security, ensuring compliance with UFLPA regulations. The platform can verify the geographic origin of textiles and other products, aiding industries in mitigating risks associated with forced labor. The UFLPA, in effect since June 2022, has created a pressing demand for transparent supply chains. The use of DNA traceability and isotopic testing is recognized by the Department of Homeland Security as critical for companies seeking to validate their sourcing practices.
Applied DNA Sciences (NASDAQ: APDN) has achieved a significant milestone by producing and shipping a multi-gram quantity of linearDNA™ within six weeks, under a large recurring purchase order from a global in vitro diagnostics manufacturer. This shipment represents the largest single shipment of linearDNA to date and is set to fulfill contractual obligations ahead of schedule. The company is actively working towards cGMP production to enhance linearDNA’s market potential across various applications, including therapeutic DNA and diagnostics. These advancements underscore the platform's scalability and efficiency compared to traditional plasmid DNA manufacturing.
Applied DNA Sciences (NASDAQ: APDN) announced the submission of a validation package to the New York State Department of Health for a pharmacogenomics (PGx) assay. This assay, if approved, will enable ADCL to provide population-scale PGx testing services aimed at enhancing personalized medicine through tailored drug prescribing. Targeting self-insured health markets, the testing is expected to improve ADCL's margins. Studies show that PGx testing can lower healthcare costs and improve patient safety. CEO Dr. James A. Hayward emphasized the potential for significant cost reductions and wellness benefits for large employers.
Applied DNA Sciences (NASDAQ: APDN) has received a funding award of up to
Governor Kathy Hochul supports this effort as it strengthens the local life sciences sector.
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