Immunovia streamlines lab operations with move to Research Triangle Park, North Carolina

Rhea-AI Summary

Immunovia, a diagnostics company focused on increasing pancreatic cancer survival through early detection, will move its lab and U.S. headquarters to Research Triangle Park in North Carolina in May 2024. This move follows successful model development and discovery phase completion. The company aims to confirm the analytical validity of its new test and conduct a large clinical validation study under the leadership of Dr. Lisa Ford. The move supports Immunovia's strategy to streamline operations and reduce costs, with Research Triangle Park providing access to top talent at a lower cost.

Positive

• Successful model development study and discovery phase completion

• Focus on confirming analytical validity of new test and conducting large clinical validation study

• Access to top talent at a reasonable cost in Research Triangle Park

Negative

• Potential challenges in transitioning lab operations to a new location

• Costs associated with moving lab and headquarters to Research Triangle Park

LUND, Sweden, April 29, 2024 /PRNewswire/ -- Immunovia (NASDAQ Stockholm: IMMNOV), the diagnostics company seeking to increase pancreatic cancer survival through early detection, today announces that the company will move its lab and U.S. headquarters to Research Triangle Park in North Carolina in May 2024.

The move to Research Triangle Park follows Immunovia's successful model development study, announced on April 22, 2024, and the successful completion of the discovery phase for its next-generation test in November 2023. Following these successes, the company will focus on confirming the analytical validity of its new test and conducting a large clinical validation study. This work will be conducted at the lab in Research Triangle Park under the leadership and direction of Dr. Lisa Ford.

Moving its lab and U.S. headquarters to Research Triangle Park supports the strategy Immunovia announced in July 2023 to streamline operations and reduce costs. The new space in Research Triangle Park (RTP) will be significantly smaller and less expensive than the company's existing lab in Marlborough, Massachusetts. The lower cost of labor in Research Triangle Park should enable the company to staff the new lab at a lower cost.

"Research Triangle Park offers access to top talent at a reasonable cost. Moving to a smaller lab in RTP is a key aspect of our ongoing efforts to be a leaner, more efficient company", says Jeff Borcherding, CEO and President of Immunovia.

For more information, please contact:
Jeff Borcherding
CEO and President
jeff.borcherding@immunovia.com

Karin Almqvist Liwendahl
Chief Financial Officer
karin.almqvist.liwendahl@immunovia.com
+46 709 11 56 08

Immunovia in brief 

Immunovia AB is a diagnostic company whose mission is to increase survival rates for patients with pancreatic cancer through early detection. Immunovia is focused on the development and commercialization of simple blood-based testing to detect proteins and antibodies that indicate a high-risk individual has developed pancreatic cancer. 

Immunovia collaborates and engages with healthcare providers, leading experts and patient advocacy groups to make its test available to individuals at increased risk for pancreatic cancer. 

USA is the world's largest market for detection of pancreatic cancer. The company estimates that in the USA, 1.8 million individuals are at high-risk for pancreatic cancer and could benefit from annual surveillance testing. 

Immunovia's shares (IMMNOV) are listed on Nasdaq Stockholm. For more information, please visit www.immunovia.com 

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/immunovia-ab/r/immunovia-streamlines-lab-operations-with-move-to-research-triangle-park--north-carolina,c3969794

The following files are available for download:

https://mb.cision.com/Main/13121/3969794/2767296.pdf

Press release (PDF)

 

View original content:https://www.prnewswire.com/news-releases/immunovia-streamlines-lab-operations-with-move-to-research-triangle-park-north-carolina-302129988.html

SOURCE Immunovia AB

FAQ

When will Immunovia move its lab and U.S. headquarters to Research Triangle Park?

Immunovia will move its lab and U.S. headquarters to Research Triangle Park in May 2024.

What is the stock symbol for Immunovia?

The stock symbol for Immunovia is IMMNOV.

What is Immunovia's mission?

Immunovia's mission is to increase survival rates for patients with pancreatic cancer through early detection.

Who will lead the lab operations in Research Triangle Park?

Dr. Lisa Ford will lead the lab operations in Research Triangle Park.

What is the company's strategy for streamlining operations and reducing costs?

Immunovia's strategy includes moving to a smaller lab in Research Triangle Park to be a leaner, more efficient company.