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Azenta Inc. (Nasdaq: AZTA) is a globally recognized provider of life sciences solutions, dedicated to accelerating impactful scientific breakthroughs and therapies. Headquartered in Burlington, Massachusetts, Azenta operates across North America, Europe, and Asia, delivering an extensive portfolio of products and services designed to meet the complex needs of the pharmaceutical, biotech, academic, and healthcare sectors. The company's offerings are structured into two primary segments: Life Sciences Products and Life Sciences Services, with the latter driving a significant portion of its revenue.
Core Business Areas
Azenta specializes in cold-chain sample management solutions and genomic and multiomics services. Its cold-chain solutions ensure the integrity of biological samples throughout the storage and transportation process, a critical requirement for drug development and clinical research. Complementing this, its genomic services, including next-generation sequencing (NGS) and long-read Whole Genome Sequencing (WGS), enable precise genetic analysis, facilitating advanced research in areas such as rare diseases, personalized medicine, and cell therapies.
Innovative Technologies and Solutions
Azenta is at the forefront of technological innovation in life sciences. Its automated sample storage systems, such as the BioArc™ Ultra, offer high-density, eco-friendly storage solutions that support large-scale research initiatives like the UK's Our Future Health program. The company's long-read WGS test, performed using PacBio's Revio sequencer, represents a breakthrough in clinical genomics, enabling the detection of complex genetic variants previously inaccessible through traditional methods. These innovations underscore Azenta's commitment to enhancing research efficiency and accuracy while advancing sustainability in science.
Market Position and Competitive Landscape
Operating in a highly competitive industry, Azenta differentiates itself through its comprehensive suite of services, global reach, and focus on cutting-edge technologies. Its partnerships with leading organizations, such as the Crohn's & Colitis Foundation and the FinnGen project, highlight its role as a trusted collaborator in groundbreaking research. Additionally, its emphasis on sustainability and operational efficiency positions it as a forward-thinking leader in the life sciences sector.
Commitment to Sustainability and Operational Excellence
Azenta integrates eco-friendly practices into its operations, as exemplified by its BioArc Ultra system, which reduces electricity usage and supports carbon emission reduction goals. The company also focuses on streamlining workflows and enhancing profitability through disciplined execution of its transformation initiatives, ensuring long-term scalability and efficiency.
Global Impact and Future Outlook
Through its advanced solutions and strategic partnerships, Azenta plays a pivotal role in enabling faster development of therapies and diagnostics. Its contributions to large-scale research initiatives and its focus on personalized medicine underscore its significance in addressing global healthcare challenges. With a strong foundation and a clear growth strategy, Azenta is well-positioned to continue driving innovation and delivering value to its stakeholders.
Key Offerings
- Cold-chain sample management solutions
- Multiomics services, including genomics and proteomics
- Automated sample storage systems
- Clinical-grade long-read Whole Genome Sequencing
- Advanced bioinformatics and data analysis
Azenta's dedication to enabling impactful scientific breakthroughs, combined with its innovative technologies and strategic partnerships, solidifies its position as a leader in the life sciences industry.
Azenta, Inc. (Nasdaq: AZTA) announced its participation in the 22nd Annual Needham Virtual Healthcare Conference scheduled for April 18, 2023, with a presentation starting at 9:30 am ET. Investors can access the live webcast via Azenta's investor relations website, and a replay will be available after the event.
Azenta is a leading provider of life sciences solutions, focusing on enhancing drug development and clinical research. The company offers a comprehensive range of cold-chain sample management solutions and genomic services for pharmaceutical, biotech, and healthcare institutions globally. Headquartered in Burlington, MA, Azenta operates in North America, Europe, and Asia. For further details, visit www.azenta.com.
Azenta, Inc. (Nasdaq: AZTA) will participate in the Virtual KeyBanc Capital Markets Life Sciences & MedTech Investor Forum on March 21, 2023, with a presentation starting at 4:30 pm ET. Investors can access the live webcast on the Azenta investor relations website and a replay will be available after the event. Azenta is a global leader in life sciences solutions, offering cold-chain sample management and genomic services for drug development and clinical research. Headquartered in Burlington, MA, the company operates across North America, Europe, and Asia.
Azenta, Inc. (Nasdaq: AZTA) announced its participation in two investor conferences in March 2023. The first event is the Cowen 43rd Annual Health Care Conference in Boston, MA, on March 7th, featuring a presentation at 12:50 pm ET. The second is the Barclays Global Healthcare Conference in Miami, FL, on March 15th, with a presentation starting at 3:35 pm ET. Investors can access the live webcasts via the Azenta investor relations website, with replays available thereafter. Azenta provides life sciences solutions, focusing on cold-chain sample management and genomic services for global healthcare institutions.
Azenta (NASDAQ: AZTA) has launched the Cryo Store Pico™, an automated cryogenic storage system aimed at high-value biological samples across various stages of life sciences. The Pico enhances sample integrity and regulatory compliance, offering features specifically tailored for cell and gene therapy developers. It facilitates controlled access and traceability while maintaining a compact design for clinical use. The product is now available for order and will be showcased at the SLAS 2023 International Conference in San Diego, CA. Azenta aims to speed up breakthroughs in life sciences with its innovative cryogenic solutions.
Ansa Biotechnologies has appointed Dr. Matthew F. McManus as Independent Director and Chairperson of its Board of Directors. Dr. McManus, who has extensive experience in the life sciences industry, was previously the EVP and COO at Azenta (NASDAQ:AZTA). He has held leadership roles at Bio-Techne and PrimeraDx, leading key transformations in the molecular diagnostics sector. His expertise is expected to enhance Ansa's growth, particularly in commercializing its proprietary DNA synthesis technology, which promises advancements in medicine, agriculture, and industrial biology.
Azenta, Inc. (Nasdaq: AZTA) will participate in the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference on February 15-16, 2023. Interested participants should contact their BTIG representative to attend. Azenta is recognized globally for providing life sciences solutions, facilitating faster market delivery of breakthroughs and therapies. Their comprehensive offerings include cold-chain sample management and genomic services, primarily serving pharmaceutical, biotech, academic, and healthcare institutions worldwide. The company is based in Burlington, MA, with operations spanning North America, Europe, and Asia.
Azenta, Inc. (Nasdaq: AZTA) reported Q1 2023 revenue of $178 million, a 28% year-over-year increase, driven by an 80% surge in Life Sciences Products revenue, thanks to the acquisition of B Medical. Organic revenue growth, excluding COVID impacts, stood at 7%.
Despite these gains, the company recorded a diluted EPS loss of ($0.15) and an operating loss of $28 million. Management aims to streamline operations for a projected 2% margin improvement in the second half of FY23. Guidance for Q2 2023 estimates revenue between $156 million and $171 million with a non-GAAP EPS forecast of (0.04) to 0.04.
Azenta, Inc. (Nasdaq: AZTA) is set to announce its fiscal first quarter 2023 earnings on February 8, 2023, after market close. The earnings period concluded on December 31, 2022. Following the announcement, the company will hold a conference call at 4:30 p.m. ET to discuss the financial results. Analysts and investors can dial in or access the live webcast via the Azenta website. Azenta, headquartered in Burlington, MA, provides life sciences solutions, including cold-chain sample management and genomic services, aiding pharmaceutical, biotech, and healthcare sectors globally.
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