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LUNAPHORE AND SIB AWARDED INNOSUISSE FUNDING TO DEVELOP INNOVATIVE AI-BASED ASSAY DEVELOPMENT TOOLS Bio-Techne Corporation (NASDAQ: TECH) today announced that Lunaphore, a Bio-Techne brand, and SIB Swiss Institute of Bioinformatics, have been...

Key Takeaway: Bio-Techne Corporation (NASDAQ: TECH) has announced that its brand Lunaphore, in collaboration with the SIB Swiss Institute of Bioinformatics, has received Innosuisse funding for a project focused on developing AI-based assay development tools. The collaboration aims to enhance the adoption of multiplex sequential immunofluorescence technology in spatial biology research. By automating standardized multiplex immunofluorescence protocols, the project seeks to reduce technical complexity and human error. Ultimately, the initiative is expected to improve human health and lower healthcare costs through advanced automated technologies.

Market Sentiment Analysis

POSITIVE FACTORS

  • Lunaphore and SIB receive funding to innovate AI-based tools.
  • COMET platform aims to revolutionize spatial biology accessibility.
  • Project has potential to improve healthcare and reduce costs.
  • AI techniques will minimize errors and enhance protocol transfer.

Full Press Release Details

MINNEAPOLIS , Dec. 14, 2023 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH ) today announced that Lunaphore , a Bio-Techne brand, and SIB Swiss Institute of Bioinformatics , have been awarded Innosuisse funding for an innovation project. The collaboration aims to develop novel AI-based assay development tools for spatial biology on Lunaphore's COMET™ to further accelerate the adoption of multiplex sequential immunofluorescence (seqIF™) technology in research.
Spatial biology utilizes detailed tissue analysis and intracellular interactions to enable profound insights in cancer biology, immuno-oncology, and other research fields. However, technical hurdles still stand in the way of spatial biology technologies entering clinics and becoming guiding tools for personalized therapies.
Lunaphore's COMET product suite provides the first universal, end-to-end spatial biology solution, answering the needs of the scientific community in translational and clinical research. COMET is the only fully automated, high-throughput, hyperplex platform ensuring scalability and reproducibility without the need to conjugate primary antibodies, making panel design much more flexible and faster than any other hyperplex solution.
COMET's seqIF approach is a valuable tool for advancing spatial biology adoption in the clinic. The collaboration will focus on automating standardized multiplex immunofluorescence (mIF) protocols, with the machine learning-based tools expected to enable researchers to further reduce mIF's technical complexity and eliminate human-driven error. AI techniques developed by SIB will further enhance the platform's automated approach, and aim to ensure the robustness of protocol transfer to virtually any tissue. In the long term, the project has the potential to improve human health and reduce healthcare costs by implementing automated leading-edge technology and accelerating the discovery of next-generation therapeutic interventions.
"The COMET platform is revolutionizing spatial biology by making spatial technologies more accessible to every lab," said Kim Kelderman , Bio-Techne's Chief Operating Officer. "With a focus on novel AI-based approaches for assay development, this scientific collaboration is a unique project that will empower scientists to reach their research goals more efficiently and develop the next generation of personalized therapies."
"This new collaboration with Lunaphore is an excellent opportunity to showcase SIB's expertise in AI to support innovation and state-of-the-art technological developments in the medtech sector," said Aitana Neves , Team Lead Data Science at the SIB Clinical Bioinformatics Group.
About Bio-Techne
Bio-Techne Corporation (NASDAQ: TECH ) is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With thousands of products in its portfolio, Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2023 and has approximately 3,200 employees worldwide. For more information on Bio-Techne and its brands, please visit https://www.bio-techne.com or follow the Company on social media at: Facebook , LinkedIn , Twitter or YouTube .
About the SIB Swiss Institute of Bioinformatics
SIB is an internationally recognized non-profit organization, dedicated to biological and biomedical data science. Our data scientists are passionate about creating knowledge and solving complex questions in many fields, from biodiversity and evolution to medicine. They provide essential databases and software platforms as well as bioinformatics expertise and services to academic, clinical, and industry groups. SIB federates the Swiss bioinformatics community of some 900 scientists, encouraging collaboration and knowledge sharing. The institute contributes to keeping Switzerland at the forefront of innovation by fostering progress in biological research and enhancing health.
For further information on Lunaphore contact: Lindsey Rodger , Head of Communications Email: [email protected]
Bio-Techne Corporation (NASDAQ: TECH ) David Clair , Vice President, Investor Relations & Corporate Development [email protected] 612-656-4416
SOURCE Bio-Techne Corporation

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Frequently Asked Questions

What is the purpose of the Lunaphore and SIB collaboration?

The collaboration aims to develop AI-based assay tools for spatial biology, enhancing multiplex sequential immunofluorescence technology.

What is unique about the COMET platform?

COMET is the first fully automated, high-throughput spatial biology solution, ensuring scalability without requiring primary antibody conjugation.

How does COMET's seqIF approach benefit researchers?

The seqIF approach simplifies multiplex immunofluorescence, reducing technical complexity and minimizing human errors in research.

What long-term impact could this project have?

The project may enhance human health and lower healthcare costs by accelerating the discovery of new therapeutic interventions.

What role does SIB play in this collaboration?

SIB provides AI expertise to support innovation and technological advancements in the medtech sector during the project.

Last updated: Dec 14, 2023