STOCK TITAN

iSpecimen Expands Proprietary Provider Network to Help Advance Infectious Disease Research

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
iSpecimen Inc. has added new infectious disease specimen providers to its global supply network, expanding access to essential human tissue and biofluids for infectious disease research. The collaboration will provide researchers with access to clinically collected samples, banked tissues, and custom collections of biospecimens. iSpecimen's CEO, Tracy Curley, stated that the company's network and custom project capabilities will support diagnostic test and treatment development, leading to improved patient outcomes.
Positive
  • iSpecimen Inc. has added new infectious disease specimen providers to its global supply network, expanding access to essential human tissue and biofluids for infectious disease research.
  • Researchers will have access to clinically collected samples, banked tissues, and custom collections of biospecimens.
  • iSpecimen's custom collection protocol matches researchers' exact sample requirements to an ideal collection site, considering factors such as geographic location, target patient populations, and legal requirements.
  • The collaboration will support diagnostic test and treatment development, ultimately leading to improved patient outcomes.
Negative
  • None.

New Providers Facilitate Access to Diverse and Hard-to-Reach Populations and Support Complex Custom Projects

LEXINGTON, Mass., Oct. 26, 2023 (GLOBE NEWSWIRE) -- iSpecimen Inc. (Nasdaq: ISPC) (“iSpecimen” or the “Company”), an online global marketplace that connects scientists requiring biospecimens for biomedical research with a network of healthcare specimen providers, announced today that the Company has added several new infectious disease specimen providers to its global supply network.

These new collaborations will enable iSpecimen to connect researchers with additional providers of essential human tissue and biofluids required for infectious disease research, such as types of Influenza viruses, common and severe respiratory viruses, Lyme disease, sexually transmitted infections (STIs), sexually transmitted diseases (STDs) and other infectious diseases. Researchers will have access to clinically collected samples, banked tissues and custom collections of biospecimens, including viral positives and health control swabs, saliva, serum and plasma.

“The iSpecimen Marketplace®’s large network provides access to high volumes of samples with associated data that supports infectious disease research efforts as well as the unique needs of diagnostic companies,” said Tracy Curley, iSpecimen’s CEO. “Our global network, combined with our custom project capabilities, provides researchers with diverse samples — including those from hard-to-reach populations — to advance diagnostic test and treatment development, ultimately leading to improved patient outcomes.”

iSpecimen’s custom collection protocol matches researchers’ exact sample requirements to an ideal collection site, considering factors such as geographic location, target patient populations and legal requirements. Additionally, the Company is now able to facilitate custom collections for seasonal strains of applicable viruses through the iSpecimen Marketplace®.

About iSpecimen
iSpecimen (Nasdaq: ISPC) offers an online marketplace for human biospecimens, connecting scientists in commercial and non-profit organizations with healthcare providers who have access to patients and specimens needed for medical discovery. Proprietary, cloud-based technology enables scientists to intuitively search for specimens and patients across a federated partner network of hospitals, labs, biobanks, blood centers and other healthcare organizations. For more information, please visit www.ispecimen.com.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," “believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in the Company's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible for the Company to predict those events or how they may affect the Company. If a change to the events and circumstances reflected in the Company's forward-looking statements occurs, the Company's business, financial condition and operating results may vary materially from those expressed in the Company's forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, please contact:

Investor Contacts
KCSA Strategic Communications
Phil Carlson / Erika Kay
iSpecimen@kcsa.com

Media Contacts
KCSA Strategic Communications
Raquel Cona / Shana Marino
iSpecimen@kcsa.com


FAQ

What is iSpecimen Inc.?

iSpecimen Inc. is an online global marketplace that connects scientists requiring biospecimens for biomedical research with a network of healthcare specimen providers.

What does the collaboration with new infectious disease specimen providers mean?

The collaboration expands access to essential human tissue and biofluids for infectious disease research.

What types of infectious diseases will the researchers have access to?

Researchers will have access to types of Influenza viruses, common and severe respiratory viruses, Lyme disease, sexually transmitted infections (STIs), sexually transmitted diseases (STDs), and other infectious diseases.

What does iSpecimen's custom collection protocol do?

iSpecimen's custom collection protocol matches researchers' exact sample requirements to an ideal collection site, considering factors such as geographic location, target patient populations, and legal requirements.

How will the collaboration support diagnostic test and treatment development?

The collaboration will support diagnostic test and treatment development, ultimately leading to improved patient outcomes.

iSpecimen Inc.

NASDAQ:ISPC

ISPC Rankings

ISPC Latest News

ISPC Stock Data

2.39M
6.90M
33.77%
4.31%
5.06%
Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
Professional, Scientific, and Technical Services
Link
United States of America
LEXINGTON

About ISPC

headquartered in lexington, ma, ispecimen is the marketplace for human biospecimens, providing researchers with the specimens they need from the patients they want. the privately held company has developed the ispecimen marketplace, an online platform connecting healthcare organizations that have access to patients and specimens with the scientists who need them. proprietary, cloud-based technology enables researchers to intuitively search for specimens and patients across a federated partner network of hospitals, labs, biobanks, blood centers, and other healthcare organizations. researchers easily and compliantly gain access to specimens to drive scientific discovery. partner sites gain an opportunity to contribute to biomedical discovery as well as their bottom line. and ultimately, healthcare advances for all.