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Alpha Teknova, Inc. (Nasdaq: TKNO) is a prominent player in the life sciences industry, providing essential reagents that propel the discovery, development, and commercialization of biopharmaceutical products. Founded in 1996 and headquartered in Hollister, California, Teknova specializes in producing high-quality, customizable media, buffers, and reagents designed to support bacterial and yeast applications.
Teknova’s comprehensive product portfolio includes pre-poured media plates for cell growth and cloning, liquid cell culture media for cellular expansion, and molecular biology reagents for sample manipulation, resuspension, and purification. The company is renowned for its proprietary soluble pouches, which offer dry microbiological media solutions in convenient, easy-to-use formats.
The company's latest achievements include the opening of a state-of-the-art manufacturing facility in Hollister, California. This new facility, spanning over 10,000 square feet, is GMP-certified under ISO 13485:2016, significantly enhancing Teknova’s capacity to produce high-quality reagents for bioprocessing and gene therapy companies. This facility represents a three-fold increase in Teknova’s overall manufacturing capacity and reinforces its commitment to supporting customers through all stages of their clinical lifecycle.
Recent financial results show a strong performance, with the company reporting sequential revenue growth of 26% for the second quarter of 2023, despite facing market challenges. Teknova's strategic initiatives, such as the launch of the Build-Tek Solutions custom product configurator and the AAV-Tek AEX Buffer Screening Kit, underscore its dedication to innovation and customer-centric solutions.
Teknova derives most of its revenue from the United States and continues to expand its market presence through partnerships and product development. The company's modular manufacturing platform, designed by a team of scientists, engineers, and quality control experts, ensures the efficient production of reagents vital for accelerating scientific breakthroughs.
For more information or to schedule a tour of Teknova’s new GMP-certified facility, visit their website.
Alpha Teknova, Inc. (“Teknova”) will report its financial results for the first quarter of 2024 on May 13, 2024. Teknova is a leading producer of critical reagents for therapies, vaccines, and diagnostics. The company will host a webcast and conference call on the same day. Investors can access the live webcast from the Investor Relations section of the Teknova website.
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