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VRAX Positive Sentiment Score: 75/100

Virax Biolabs Announces Distribution Agreement with Europa Biosite to Commercialize ImmuneSelect in the United Kingdom and Ireland LONDON

Key Takeaway: Virax Biolabs has entered into a distribution agreement with Europa Biosite to commercialize its ImmuneSelect Research Use portfolio in the United Kingdom and Ireland. This partnership aims to enhance the accessibility of ImmuneSelect products, which are crucial for assessing adaptive immunity, to researchers and pharmaceutical companies. Europa Biosite's established distribution infrastructure in Europe is expected to facilitate quick delivery and support for these products. ImmuneSelect includes various offerings for investigating immune responses against several pathogens, including SARS-CoV-2 and Lyme Disease.

Market Sentiment Analysis

POSITIVE FACTORS

  • Virax Biolabs has secured a distribution agreement with Europa Biosite.
  • The partnership aims to expand the commercial reach of ImmuneSelect in the UK and Ireland.
  • ImmuneSelect offers profiling solutions that are essential for assessing adaptive immunity.
  • The agreement is expected to improve access to innovative research products for local researchers.

Full Press Release Details

Virax Biolabs Announces Distribution Agreement with Europa Biosite to Commercialize ImmuneSelect in the United Kingdom and Ireland
LONDON, October 23, 2024 /PRNewswire/ -- Virax Biolabs Group Limited (NASDAQ: VRAX) ( Virax or the Company ), an innovative biotechnology company focused on the detection of immune responses and diagnosis of viral diseases, today announced that it has entered into a distribution agreement with Europa Biosite to commercialize the company's ImmuneSelect Research Use portfolio in the United Kingdom and Ireland through its wholly owned subsidiary Cambridge Bioscience.
ImmuneSelect is an important suite of profiling solutions for assessing adaptive immunity and we are pleased to partner with Europa Biosite, a leader in life science distribution across Europe, said James Foster, CEO of Virax Biolabs. We believe this partnership will meaningfully expand our commercial footprint in the UK and Ireland and make ImmuneSelect accessible to researchers and pharmaceutical companies as they work to better understand the role of T cell response and immune status.
We are happy to partner with innovative companies like Virax Biolabs, commented Martijn Blommaart, Director of Supplier Development at Europa Biosite. We look forward to leveraging our commercial infrastructure to quickly deliver and provide local technical support to ensure that ImmuneSelect is available in the UK & Ireland
ImmuneSelect is the Company's portfolio of research products dedicated to investigating adaptive immunity. Products within the ImmuneSelect brand are for research and investigational use only and are not intended to be used as a diagnostics tool. The ImmuneSelect portfolio includes peptide pools covering epitopes from pathogens, optimized for the stimulation of T cells. The initial offerings include pools for SARS-CoV-2, SARS-CoV-2 MHC-1 ( CD8 ), Lyme Disease, Cytomegalovirus ( CMV ), Respiratory Syncytial Virus ( RSV ) and Epstein-Barr Virus ( EBV ), which continue to be regularly expanded. ImmuneSelect's Recombinant Antibodies target cytokines and biomarkers, and they are available in different versions unconjugated to be tested on a range of applications including Flow Cytometry, ELISA and ELISpot/Fluorospot. ImmuneSelect is affordable, easy to use, and is compatible with most standard laboratory equipment.
About Europa Biosite
Europa Biosite is a European supplier of life science products and services, composed of six leading distribution companies: Biomol in Germany, Cambridge Bioscience in the UK and Ireland, LubioScience in Switzerland, Nordic Biosite in the Nordics and Baltics, Sanbio in Benelux and Szabo-Scandic in Austria. The group has a portfolio of over 5 million products, representation in 16 European countries and a highly skilled team of over 150 employees. Europa Biosite is the optimal gateway into the European life science market, maximising sales growth through locally tailored solutions and close supply partnerships.
For more information, please visit https://www.europabiosite.com/.
About Virax Biolabs Group Limited
Virax Biolabs Group Limited is an innovative biotechnology company focused on the detection of immune responses to and diagnosis of viral diseases. Virax Biolabs Group Limited is currently developing T-Cell-based test technologies with the intention of providing an immunology profiling platform. T-Cell testing can be particularly effective in the diagnosis and therapeutics of post-viral syndromes such as Long COVID and other chronic conditions linked to immune dysregulation.
For more information, please visit www.viraxbiolabs.com.
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Frequently Asked Questions

What is the purpose of the ImmuneSelect portfolio?

ImmuneSelect is designed for research use to assess adaptive immunity.

Who is partnering with Virax Biolabs for distribution?

Virax Biolabs is partnering with Europa Biosite for distribution.

Where will ImmuneSelect be available?

ImmuneSelect will be available in the UK and Ireland.

What types of pathogens are included in ImmuneSelect?

ImmuneSelect includes peptide pools for various pathogens like SARS-CoV-2 and EBV.

Is ImmuneSelect intended for diagnostic use?

No, ImmuneSelect is only for research and investigational use.

Last updated: Oct 23, 2024