ArcticZymes Technologies establishes a New Application Development Laboratory

On March 9, 2022 ArcticZymes Technologies ASA (OSE: AZT) reported the establishment of a new application development laboratory at ShareLab in Oslo (Press release, Biotec Pharmacon, MAR 9, 2022, View Source [SID1234609848]).

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ArcticZymes Technologies has signed an agreement with ShareLab AS to lease laboratory facilities at its premises in the Oslo Science Park. These facilities will support application development activities to demonstrate the utility of the Company´s enzymes in customer relevant workflows and technologies. This is an essential part of the innovation process and strengthens the commercial value proposition of the Company´s product offerings.

ShareLab is a service platform provider of laboratory and office facilities to biotechnology companies. It conveniently provides the necessary amenities and shared core equipment suited to ArcticZymes´ requirements which means minimal capital investments to get started. Furthermore, ShareLab´s location in the Oslo Science Park is central to the Norwegian biotechnology industry and life science research.

The Oslo location will allow access to a broad talent pool of commercially-experienced application scientists. Also, as the Company continues to grow it has strategic relevance to have part of ArcticZymes located at the heart of the Norwegian biotech industry.

Dr. Darren Ellis has been hired to lead the activities at ShareLab and is currently recruiting two application scientists. Dr. Ellis brings over 20 years of industrial R&D experience (from Solexa (now Illumina) and Thermo Fisher Scientific) in leading and developing molecular research and In Vitro Diagnostic (IVD) applications, technologies, and products. Furthermore, he has global expertise in Business-to-Business (B2B) application development, successfully helping commercial partners/customers to bring their technologies and product developments to market.