ImmunoPrecise Antibodies Achieves Record C$24.5 Million Revenue in FY 2024, Expanding AI-Driven Solutions for Biotherapeutics

The global artificial intelligence (AI) in drug discovery market was evaluated at $1.70 billion in 2023 and is expected to attain around $11.93 billion by 2033, growing at a CAGR of 21.5% from 2024 to 2033.

ImmunoPrecise Antibodies seems to be well-positioned to capture potential opportunities in the rapidly expanding AI-driven drug discovery market, seeking to leverage innovative technologies in this transformative space.

Listed on NASDAQ under the ticker IPA, ImmunoPrecise Antibodies seems to be at the forefront of transforming antibody medicine discovery. Leveraging over 60 years of combined expertise, IPA merges artificial intelligence with biotechnology through its proprietary AI software, LENSai, enhanced by their patented HYFT technology. This fusion enables groundbreaking insights into biology, diseases, and medicinal therapies. Serving 19 of the top 20 global pharmaceutical companies, IPA has a client base of over 600, reflecting its pivotal role in the industry.

IPA has expanded its technology suite to include over 80 in silico tools, potentially revolutionizing how new treatments are conceptualized and brought to market. The shift toward AI-driven methodologies by many of IPA's pharmaceutical partners underscores a broader industry trend towards more efficient, safer, and cost-effective drug development processes. The recent launch of a new interface for LENSai marks a significant milestone, facilitating its seamless integration by pharmaceutical companies, technology firms, and research hospitals.

BioStrand, a subsidiary of ImmunoPrecise Antibodies, announced the immediate commercial release of its groundbreaking LENSai API. This software offers a customizable interface designed for AI-driven drug discovery, marking a significant advancement in the field. BioStrand was honored with the prestigious 2024 Impact Award, sponsored by InterSystems, recognizing its innovative contributions to the biopharmaceutical industry.

The 2024 Impact Award acknowledges BioStrand’s innovative LENSai technology, selected from over 1,000 client projects for its remarkable contributions based on three key criteria:

  • Makes a significant difference: LENSai’s innovative approach has substantially advanced the field of biotherapeutics.
  • Breaks new ground: The technology introduces novel methods and solutions, pushing the boundaries of current research and development.
  • Sets an example: BioStrand’s achievements serve as a benchmark for other organizations, demonstrating excellence in innovation.

Current commercial antibodies present a significant challenge in the field, often leading to false findings. A study by the Human Protein Atlas, a Swedish consortium focused on generating antibodies for every human genome protein, examined approximately 20,000 commercial antibodies and found that less than 50% were effective in analyzing protein distribution in preserved tissue samples.

With 80% of life scientists relying on antibodies and spending $3 billion annually on millions of products, the market faces inefficiencies. Large vendors often compete based on catalog size, purchasing antibodies from smaller suppliers, relabeling them, and reselling. According to Bernard, head of Pivotal Scientific, there may be only 250,000–500,000 unique 'core' antibodies among the 2 million on the market. This results in scientists repeatedly testing the same antibodies under different brand names, wasting an estimated $1.5 billion per year.

BioStrand's AI-assisted antibody discovery platform addresses this problem by facilitating the categorization of antibodies with similar target binding regions, leading to more efficient and effective antibody optimization.

In drug development, good antibodies, like good partnerships, are essential throughout all phases—from preclinical to clinical—and BioStrand's platform ensures they are designed carefully and selected wisely.

IPA announced that BioStrand is leveraging their patented Foundation AI Model, LENSai, by applying advanced LLMs to capture real world data from Electronic Health Records (EHR). To be specific, LENSai can significantly enhance the analysis and integration of EHR data, enabling the integrated use of real-world data and evidence in drug discovery and the development of precision medicines (IPA’s Subsidiary, BioStrand, Announces Advanced Large Language Model (LLM) for Electronic Health Records (EHR)).

Collaborations

IPA announced that its subsidiary BioStrand is collaborating now with PGxAI to leverage BioStrand's patented Foundation AI Model, LENSai , to advance the precision medicine field of pharmacogenomics and to support LENSai commercial rollout through expanding LENSai features and market reach.

  • PGxAI is a leading AI-powered pharmacogenetics platform that is transforming precision medicine through proprietary algorithms and real-world data analysis. In partnership with InterSystems (the leading provider of data management solutions for industries with complex challenges working in collaboration with AI experts from Microsoft Google, Meta and Amazon), PGxAI utilizes advanced tools like vector search and generative AI to analyze extensive real-world data, addressing challenges in drug selection, dosage personalization and identifying significant drug-drug interactions. Their database is anchored in the vast reservoir of information from PharmGKB, the premier repository aggregating recommendations from pharmacogenetic consortiums (CPIC, DPWG, CPNDS, RNPGx) and state regulators (FDA, EMA, Swissmedic), supplemented with other pharmacogenetic research findings.
  • Moreover, on March 28, 2024 InterSystems together with IPA announced a landmark collaboration that will integrate the new vector search capability of the InterSystems IRIS® data platform with IPA’s subsidiary BioStrand's LENSai platform, setting a new standard for AI-driven applications in healthcare and life sciences.

On August 19, 2024, IPA announced a groundbreaking achievement : the ability to engineer antibodies entirely through computer simulations using LENSai.

This marks a significant milestone for the biotechnology industry. Additionally, the antibodies produced by IPA are highly specific to a challenging oncology target located within the Tumor Microenvironment (ImmunoPrecise Antibodies Successfully Engineers in silico Antibodies to Elusive Tumor Protein Using Its Patented LENSai Technology).

March 20, 2024 IPA announced that it has acquired the LSA® instrument platform from Carterra, a leading provider of high-throughput large and small molecule screening and characterization solutions. This instrument allows for high throughput surface plasmon resonance-based antibody characterizations thereby significantly increasing the IPA’s capacity in performing various label-free protein interaction analyses including best-in-class kinetics, epitope binning, quantitation, epitope mapping and blocking/neutralization assays.

Greeting Investors!

Welcome to an exciting era of scientific innovation where the integration of artificial intelligence seems to be reshaping drug discovery and development. ImmunoPrecise Antibodies (NASDAQ: IPA) seeks to position itself at the forefront of this transformation, leveraging over six decades of combined expertise to offer what appears to be innovative solutions in biotechnology. The company’s unique approach, combining AI and antibody medicine discovery, has the potential to lead in this evolving market.

The proprietary LENSai AI software, enhanced by HYFT technology, seeks to provide groundbreaking insights into complex biological systems, with the aim of advancing disease understanding and therapeutic development. Serving 19 of the top 20 global pharmaceutical companies, IPA’s client base highlights the growing recognition of the company’s innovative potential.

With over 80 in silico tools, IPA seeks to revolutionize the conceptualization and delivery of new treatments. The company’s expanding technology suite reflects the broader shift toward AI-driven methodologies in the biopharmaceutical sector.

Financially stable and with no debt, ImmunoPrecise Antibodies appears to be strategically positioned for long-term growth. Its continued focus on innovation could drive significant value for investors.

ImmunoPrecise Antibodies invites stakeholders to explore the company’s potential as it seeks to shape the future of medicine.

ImmunoPrecise Antibodies Successfully Engineers in silico Antibodies to Elusive Tumor Protein Using Its Patented LENSai Technology

Engineering antibodies in silico using LENSai™ marks a significant milestone toward the complete de novo design of antibodies, aligning with IPA's vision to make groundbreaking and safer therapeutics instantly accessible and affordable.

Key takeaways:

"This marks a significant milestone for the biotechnology industry, demonstrating LENSai's ability to engineer highly specific and validated antibodies for the exceedingly difficult environment around tumors, and doing so entirely on a computer," "This success, elevated by the fact that important details of the protein being targeted were unknown, represents a major feat in the application of LENSai in generating targeted and specific therapies for the potential treatment of cancer. Moreover, immunoPrecise continuous advancements and integrations have significantly enhanced ImmunoPrecise ability to develop these therapies faster, more efficiently, and at a reduced cost compared to traditional methods."

By Dr. Jennifer Bath, President and CEO of IPA.

Top Reasons to Have IPA on Your Radar Right Now:

Company Overview

Discover ImmunoPrecise Antibodies: Pioneering the Future of AI-Driven Drug Discovery

IPA (1983, Canada) is a progressive, scientific Contract Research Organization (CRO) recently ranked by one of the pharmaceutical industry’s most trusted independent market research sources with the highest competitive score for its antibody service portfolio.

The company represents a HUB of biotherapeutic intelligence that includes a hybrid of experts and technologies, in the science and business of bioplatform-based discovery. They provide highly specialized full-continuum therapeutic antibody discovery, development, and out-licensing services (Talem)—with advanced omics and complex intelligence technology (LENSᵃⁱ) that provide greater efficiency and accuracy than ever before. Talem Therapeutics LLC is also a subsidiary of IPA and is focused on the discovery and development of next-generation, human, monoclonal, therapeutic antibodies.

ImmunoPrecise mission

Reduce the risk, time, and cost associated with antibody discovery, ultimately leading to safer and more effective therapies that reach patients faster and provide unparalleled value for partners and investors.

Invested in transformation and the future

In 2018, the company began an ambitious transformation, including strategic investments into technology-focused R&D and acquisitions

AI + full-service lab developing clinically-relevant antibodies while harnessing the power of mass high-quality data.

Antibody Discovery

Best-in-class high-throughput single B cell analysis that directly extracts the DNA sequences of antibodies with KNOWN FUNCTIONS, representing potentially life-saving therapies.

AI Technology

LENSai from BioStrand (an IPA subsidiary) unprecedented software that, through patented pattern recognition (in DNA, RNA or protein sequences or structures), can extract meaningful insights for drug discovery from any type of data, instantaneously, using very little energy and at an unlimited scale.

Solving the complex with innovation and experience

Industry-leading laboratory technologies enable clinically validated, large-scale sequences and functional data, analyzed in a scalable cloud repository.

#1 ranked CRO

Acclaimed by independent leader in pharmaceutical market research: Roots Analysis

Clients: 19 of top 20 pharma

Best-in-class end-to-end discovery, development, and manufacturing services bolstered with our revolutionary and patented AI technology.

ImmunoPrecise Solution

Introducing LENSai powered by HYFTs® – A fundamental breakthrough

Knowledge graph:

25 billion relationships is foundation for de novo discovery.

Represents years' worth of traditional research, in minutes.

The HYFTs – ImmunoPrecise secret weapon Smarter by the second

ImmunoPrecise patented HYFT technology

Cutting-edge patented algorithm identifies sequence and structural patterns in biosphere

  • Like Google's index, HYFT Index in a perpetual state of motion
  • HYFTs enable data harmonization
  • Potential for expedited commercial products and extended commercial revenues

Innovation + Expansion

Significant strides in ImmunoPrecise strategic initiatives:

Highlighting strong performance and ability to drive innovation and efficiency across all operations

Strong Financial Foundation: ImmunoPrecise Antibodies Positioned for Sustainable Growth and Innovation

In Summary…

ImmunoPrecise Antibodies stands at the forefront of the biopharmaceutical landscape, leveraging innovative technologies to transform antibody discovery. The company’s proprietary LENSai platform, enhanced by AI capabilities, positions it to address critical needs within the market.

With a robust financial performance, FY24 revenues reached C$24.5 million, reflecting a 19% increase year-over-year. This growth is driven by strong demand for its B Cell Select platform and advanced VHH antibody discovery technologies.

The anticipated expansion of the global AI in drug discovery market presents significant opportunities for ImmunoPrecise. Projected to reach $11.93 billion by 2033, this sector aligns with the company’s strategic vision and offerings.

Furthermore, ImmunoPrecise's operational efficiency is highlighted by a notable reduction in R&D expenses, enabling reinvestment in core technologies.

As the company continues to evolve, it remains a compelling prospect for investors seeking to capitalize on the dynamic biopharmaceutical market.

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(Last updated: September 20, 2024 @ 9:15 AM )