STOCK TITAN

Avantor® to Collaborate with GeminiBio to Bring Custom Hydrated Solutions and Cell Culture Media to Biopharma Customers

Avantor (NYSE: AVTR) has announced a collaboration with GeminiBio to deliver custom hydrated solutions and cell culture media tailored for the biopharma industry.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags

Rhea-AI Summary

Avantor (NYSE: AVTR) has announced a collaboration with GeminiBio to deliver custom hydrated solutions and cell culture media tailored for the biopharma industry. This partnership aims to enhance bioproduction workflows, particularly for emerging modalities like gene therapy, enabling faster product development from research through to commercialization. Avantor's strategic investments and acquisitions complement this initiative, demonstrating its commitment to optimizing customer processes and improving efficiency in biomanufacturing.

Loading...
Loading translation...

Positive

  • Collaboration with GeminiBio enhances biopharma offerings.
  • Accelerates bioproduction workflows, especially for gene therapy.
  • Supports customers from early-stage research to commercialization.
  • Aligns with Avantor's recent strategic acquisitions and investments.

Negative

  • None.
Argus Session date unavailable
+3.00% session move Open Argus
Details

News Market Reaction – AVTR

The recorded move for AVTR in the trading session of this news was +3.00%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Collaboration will support growth of emerging modalities by offering custom cGMP solutions to enhance process efficiency and accelerate speed-to-market

RADNOR, Pa., June 23, 2022 /PRNewswire/ -- Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences, advanced technologies and applied materials industries has entered into an agreement with GeminiBio to deliver custom hydrated solutions and cell culture media to the biopharma industry.

Custom hydrated solutions and cell culture media are critical components of the bioproduction workflow, especially for emerging modalities such as gene therapy. This collaboration will complement Avantor's proven ability to serve manufacturing platforms with GeminiBio's small-to-medium scale offering, enabling customers to utilize custom cGMP products through the full development lifecycle – including early-stage research, scale-up and commercialization.

This new capability along with Avantor's recent acquisitions and site investments, support a growing portfolio of proprietary offerings, demonstrating Avantor's commitment to supporting customer workflows in both upstream and downstream processing for the biopharma industry.

"With the imperative to meet patient needs quickly, our customers require custom solutions to accelerate their bioproduction goals," said Dr. Ger Brophy, Executive Vice President, Biopharma Production for Avantor. "Customized media is critical in optimizing cell line productivity, and hydrated solutions offer efficiency to biomanufacturers as they optimize their downstream processes. Our collaboration with GeminiBio will drive increases in product yields, helping bring efficiency and speed to our customers as they scale. Together, we can drive science forward to bring therapies to the patients who need them most."

Brian Parker, CEO of GeminiBio stated, "Enabling customers to optimize their upstream and downstream liquid manufacturing workflows by offering custom solutions, built around a strong quality foundation, has been an essential part of GeminiBio's success. Collaborating with Avantor, who shares our focus on quality, will allow us to expand our ability to address customer needs for both small and large volume process liquids."

About Avantor
Avantor®, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the industries we serve. Our global footprint enables us to serve more than 225,000 customer locations and gives us extensive access to research laboratories and scientists in more than 180 countries. We set science in motion to create a better world. For more information, visit avantorsciences.com and find us on LinkedIn, Twitter and Facebook.

Business Media Contact
Hannah Mooney Mack
Director, Biopharma Communications
Avantor
M: 239-216-0209
Hannah.Mooney@avantorsciences.com 

Global Media Contact
Petro Kacur
Director, PR and External Communications
Avantor
M: 404-408-0663
Petro.Kacur@avantorsciences.com 

 

 

 

Cision View original content:https://www.prnewswire.com/news-releases/avantor-to-collaborate-with-geminibio-to-bring-custom-hydrated-solutions-and-cell-culture-media-to-biopharma-customers-301574083.html

SOURCE Avantor and Financial News

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Avantor's recent collaboration about?

Avantor has entered a collaboration with GeminiBio to provide custom hydrated solutions and cell culture media for the biopharma sector.

How does the collaboration with GeminiBio benefit Avantor?

The collaboration enhances Avantor's capabilities in providing efficient bioproduction solutions, especially for emerging modalities like gene therapy.

What does the collaboration aim to achieve?

It aims to improve process efficiency and accelerate speed-to-market for biopharma customers.

When was the collaboration between Avantor and GeminiBio announced?

The collaboration was announced on June 23, 2022.

What are custom hydrated solutions?

Custom hydrated solutions are tailored products essential for optimizing biomanufacturing processes, particularly in cell culture.

Keep reading