Immunoprecise Stock Price, News & Analysis

ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) and Pierre Fabre have announced a multi-year research collaboration aimed at developing therapeutic antibodies for up to nine oncology targets. This strategic partnership combines IPA's advanced antibody technologies with Pierre Fabre's expertise in immuno-oncology, enhancing Talem Therapeutics' portfolio. The collaboration includes joint ownership of developed antibodies, with options for licensing, and potential future payments for Talem. Both companies aim to address critical medical needs in cancer treatment.

ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) reported a 22% increase in first quarter fiscal 2022 revenues, totaling $4.6 million, compared to $3.8 million in 2020. Research and development costs rose significantly to $1.1 million from $309,213. However, the company faced a net loss of $3.2 million, up from $549,318 last year. As of July 31, 2021, IPA held cash reserves of $40.7 million. CEO Dr. Jennifer Bath highlighted new revenue streams and strategic initiatives amid ongoing investments in R&D and expanding service offerings.

ImmunoPrecise Antibodies Ltd. (IPA) has received a three-year approval for the "Crédit d'Impôt Recherche" (CIR) from the French Ministry of Higher Education and Research for its Oss facility in the Netherlands. This initiative offers R&D tax credits to eligible French companies engaging with IPA Europe. The CIR allows for a 30% credit on R&D expenses up to €100 million and 20% for eligible innovation expenses for SMEs up to €400,000. This accreditation enhances IPA’s appeal in Europe as it provides tax relief to French partners for R&D activities.

ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) announced its participation in the H.C. Wainwright 22nd Annual Global Investment Conference, scheduled for September 13-15, 2021. CEO Jennifer Bath will present an overview of the company's activities and engage in one-on-one meetings with institutional investors. The event will be held virtually, and interested investors can register online to attend the presentation on September 10 at 6:00 PM (EDT). ImmunoPrecise aims to revolutionize antibody discovery through innovative technology and comprehensive services.

ImmunoPrecise Antibodies Ltd. (IPA) announced its participation in the H.C. Wainwright Annual Global Investment Conference from September 13-15, 2021. CEO Jennifer Bath will present the company's business overview and engage in one-on-one meetings with registered investors. The virtual conference serves as a platform for corporate finance and strategic advisory, with H.C. Wainwright being ranked the #1 Placement Agent since 1998. ImmunoPrecise aims to revolutionize antibody discovery through a comprehensive suite of services.

ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) will host an earnings conference call on September 9, 2021, at 4:30 p.m. ET to discuss its Q1 fiscal year 2022 financial results and business highlights. The call follows a press release of the financial results issued prior to the meeting. Investors can submit questions to the company’s investor relations. The call will be accessible via webcast and phone, reinforcing the company's commitment to investor communication and transparency.

ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) has announced the promotion of Dr. Barry Duplantis to VP of Client Relations and the appointment of Ms. Carla Dahl as VP of Marketing. Dr. Duplantis, with extensive experience in therapeutic antibody campaigns, aims to lead the client relations team and enhance the company's sales lifecycle. Ms. Dahl, bringing over 25 years of experience in marketing, will focus on brand amplification and targeted campaigns to drive revenue. Dr. Jennifer Bath, CEO, expressed confidence in their potential to accelerate the company's growth in North America, Asia, and Europe.

ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) reported fiscal 2021 results, achieving revenues of $17.9 million, a 27% increase from the previous year. The company's net loss rose to $7.3 million from $5 million in 2020, with increased research and development costs totaling $2 million. Adjusted EBITDA significantly improved to $2.3 million compared to $52,000 in 2020. Cash reserves as of April 30, 2021, were $41.8 million. The company remains focused on expanding its global reach and developing novel therapeutic antibodies.

ImmunoPrecise Antibodies Ltd. (IPA) announced promising results for its TATX-03 PolyTope™ Therapy, a monoclonal antibody cocktail targeting SARS-CoV-2. Recent assays show strong pseudovirus neutralization against the Delta variant (B.1.617.2). The company highlighted the importance of developing therapies resistant to viral mutation. TATX-03 has previously shown efficacy in reducing viral loads in hamster models and in vitro against variants Alpha, Beta, and Gamma. IPA emphasizes multi-antibody cocktails as a strategy for sustained treatment amid evolving variants.