CORRECTION – Maravai LifeSciences Releases 2024 Sustainability Report
Rhea-AI Summary
Maravai LifeSciences (NASDAQ: MRVI) has released its 2024 Sustainability Report, highlighting significant progress across four key areas: Product Innovation, People, Governance, and Sustainable Growth. The company launched 49 new products and completed a state-of-the-art GMP facility in San Diego, increasing mRNA production capacity tenfold. Notable achievements include establishing an RNA Innovation Center with Johns Hopkins University and manufacturing over 130 GMP batches for mRNA.
The company demonstrated strong employee engagement with a 95% participation rate in their annual survey and expanded their employee resource programs. In governance, they appointed R. Andrew Eckert as independent Chairman and strengthened their intellectual property position. Sustainability initiatives included enhanced greenhouse gas emissions reporting and renewable energy projects, with their Leland facility's solar panels generating over 180,000 kWh.
Positive
- Launched 49 new products including CleanCap® M6 analog at GMP quality
- Completed new GMP facility increasing mRNA production capacity by 10x
- Manufactured over 130 GMP batches for mRNA
- Strengthened intellectual property with additional CleanCap® patents in China and Canada
- High employee engagement with 95% participation rate in annual survey
Negative
- None.
News Market Reaction – MRVI
In the trading session that priced this news, MRVI gained 2.00%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accelerates product innovation, expands GMP manufacturing capacity, and deepens corporate-wide commitment to responsible growth
Debuts enhanced greenhouse gas accounting across Scopes 1-3 and advances renewable energy initiatives
Strengthens governance with appointment of independent Chairman of the Board and launches site level ethics liaison program
SAN DIEGO, May 21, 2025 (GLOBE NEWSWIRE) -- This release corrects and replaces the version distributed earlier today at 16:05 ET. The original version included the incorrect title of “Maravai LifeSciencesReleases 2024 Sustainability Report”. The corrected title is “Maravai LifeSciences Releases 2024 Sustainability Report”.
Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI), a global provider of lifescience reagents and services to researchers and biotech innovators through its portfolio companies TriLink BioTechnologies, Glen Research, Alphazyme, and Cygnus Technologies, today announced the publication of its 2024 Sustainability Report, available on the Company’s Sustainability webpage (investors.maravai.com/sustainability). The new report highlights progress during calendar year 2024 across Maravai’s four priority areas – Product Innovation, Our People, Governance, and Sustainable Growth – and underscores the Company’s commitment to sustainable value creation.
“By embedding sustainability into every facet of our operations—from employee engagement to GMP scaleup — we foster innovation, strengthen our business resilience, and create long-term value for all stakeholders,” said Trey Martin, Chief Executive Officer. “Our 2024 achievements position Maravai to remain our customers’ first choice as they advance their programs in next-generation therapeutics and diagnostics.”
Key highlights from the 2024 report include:
Product Innovation
- Launched 49 new products across portfolio brands, including CleanCap® M6 analog now available at GMP quality
- Completed state-of-the-art GMP facility in San Diego, increasing mRNA production capacity tenfold
- Established RNA Innovation Center in collaboration with Johns Hopkins University
- Added to our GMP manufacturing expertise and have now manufactured over 130 GMP batches for mRNA
Our People
- Achieved
95% participation rate in our annual employee engagement survey, receiving over 2,600 comments - Expanded WE (We are Empowered) Employee Resource Group to facilitate advocacy, mentorship, and outreach across the organization
- Implemented new career framework creating transparent progression paths for all employees
- Continued our Impact Day program throughout 2024, with employees contributing approximately 800 volunteer hours
Governance
- Appointed healthcare industry veteran R. Andrew Eckert as independent Chairman of the Board
- Adopted formal, publicly available Human Rights Policy
100% of standing Board Committees chaired by independent members- Strengthened intellectual property position with additional CleanCap® patents in China and Canada
Sustainable Growth
- Enhanced greenhouse gas emissions data collection and expanded Scope 3 emissions reporting
- Leland, North Carolina facility's solar panels generated over 180,000 kWh, offsetting approximately
20% of facility's energy use - San Diego EV charging stations helped save over 19,000 gallons of gasoline
- Advanced planning for lab plastics recycling program and single-use plastic phase-out
The 2024 report was prepared in reference to the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and Greenhouse Gas Protocol frameworks and maps selected disclosures to relevant U.N. Sustainable Development Goals (SDGs).
About Maravai
Maravai LifeSciences is an innovative lifesciences company that provides critical products to enable the development of breakthrough therapeutics, vaccines, cell and gene therapies and diagnostics. Through its TriLink BioTechnologies, Glen Research, Alphazyme and Cygnus Technologies brands, Maravai delivers complex nucleic acid chemistries, differentiated mRNA and enzyme solutions, and gold standard biologics safety tests to a global customer base spanning large pharmaceutical companies, emerging biotechs and leading academic institutions.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements related to future product offerings, facility capabilities, and sustainability initiatives. Forward-looking statements are neither historical facts nor assurances of future performance and are subject to risks and uncertainties that could cause actual results to differ materially. A detailed discussion of these risks is included in Maravai’s most recent Annual Report on Form 10K and subsequent filings with the U.S. Securities and Exchange Commission. Maravai undertakes no obligation to update forward-looking statements except as required by law.
Contact Information: Deb Hart Maravai LifeSciences + 1 858-988-5917 ir@maravai.com