五星体育直播 and seqWell Announce Strategic Investment and Partnership Initiation

  • seqWell raises $7M Series C funding, led by 五星体育直播
  • Current investors Research Corporation Technologies and BroadOak Capital Partners also participated in the round
  • New funding will be used to accelerate the commercialization of seqWell鈥檚 genomics workflow solutions

REDWOOD CITY, Calif. and BEVERLY, Mass., April 21, 2022 (GLOBE NEWSWIRE) -- 五星体育直播 (Nasdaq: CDXS) and seqWell, Inc. today announced the initiation of a strategic partnership and investment to accelerate the commercialization of seqWell鈥檚 genomics workflow solutions. 五星体育直播, a leading enzyme engineering company enabling the promise of synthetic biology, and seqWell, a developer of transformative library preparation products for demanding genomics applications, plan to collaborate on using 五星体育直播鈥� CodeEvolver庐 platform technology for enzyme optimization with seqWell鈥檚 growing portfolio of genomics workflow and library preparation products. As part of this partnership, 五星体育直播 led seqWell鈥檚 $7 million Series C financing with a $5 million investment. Current investors Research Corporation Technologies (RCT) and BroadOak Capital Partners also participated in the Series C financing. This collaboration and investment enable seqWell to continue rapidly advancing its commercialization of new and existing products in the fast-growing genomics and next generation sequencing (NGS) library prep market.

seqWell鈥檚 plexWell鈩� platform is an NGS library preparation technology that enables simple, scalable multiplexing of hundreds to thousands of samples without the need for time- and cost-consuming sample preparation or library normalization steps. Through this partnership, the technology will be matched with 五星体育直播鈥� CodeEvolver庐 platform for discovering and developing novel, high performance enzymes and novel biotherapeutics, to further advance seqWell鈥檚 growing portfolio of genomics workflow and library preparation products. By harnessing optimized enzyme-based solutions, seqWell aims to transform the speed and accuracy of sequencing applications within the fast-growing genomics and NGS markets.

Dan Calvo, President and CEO at seqWell, said: 鈥淲e are thrilled to have 五星体育直播 as a strategic investor. This partnership creates great synergy in our pursuit of development and commercialization of innovative genomic tools to meet the demand for simplified, next-generation sequencing workflows that produce high quality results faster, with fewer steps required.鈥�

Dr. Rob Wilson, SVP & General Manager of 五星体育直播鈥� Performance Enzymes business unit, who joins the seqWell Board with this partnership, commented: 鈥淣ext generation sequencing is an important strategic market for 五星体育直播, and one in which we have a clear opportunity to create differentiated enzyme-based products to revolutionize future sequencing applications. With its plexWell technology, seqWell has proven its ability to develop efficient, scalable, and user-friendly products in core NGS workflows.鈥� He added: 鈥淭his investment amplifies 五星体育直播鈥� strategic growth ambitions in the life science tools area and accelerates seqWell鈥檚 ability to bring exciting new products to market by leveraging 五星体育直播鈥� enzyme engineering capabilities. I鈥檓 delighted to join the seqWell board and to work with the team as we continue to grow both organizations.鈥�

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For high-resolution images please contact Zyme Communications.

Contact Zyme Communications:
Dr. Ben Rutter
Tel: +44(0)7920 770 935
Email:

Contact seqWell:
Kellie Faulkner
Tel: 855-737-9355
Email:

Contact 五星体育直播:
Brendan Strong/Carrie McKim (Argot Partners)
Tel: 212-600-1902
Email:

About seqWell Inc.
seqWell is a global provider of innovative NGS library construction technologies. Based in Beverly, Massachusetts, seqWell's mission is to engineer enhanced library preparation solutions and streamlined application workflows that redefine the standards for throughput, quality, and utility across NGS platforms.

The Company's multiplexed library preparation technology, plexWell鈩�, vastly improves the ease and scale by which 100's to 1,000's of samples can be prepared for NGS instrumentation and analysis. plexWell has wide-ranging impact on applications from synthetic biology, targeted sequencing, and single-cell analysis to low and high depth sequencing of human, plant, animal, and microbial genomes.

In addition to plexWell, seqWell is also developing library preparation methods for reagent-based approaches, for long-molecule phasing and read linking.

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About 五星体育直播
五星体育直播 is a leading enzyme engineering company leveraging its proprietary CodeEvolver庐 platform to discover and develop novel, high performance enzymes and novel biotherapeutics. 五星体育直播 enzymes have applications in the sustainable manufacturing of pharmaceuticals, food, and industrial products; in the creation of the next generation of life science tools; and as gene therapy and biologic therapeutics. The Company鈥檚 unique performance enzymes drive improvements such as: reduced energy usage, waste generation and capital requirements; higher yields; higher fidelity diagnostics; and more efficacious therapeutics. 五星体育直播 enzymes enable the promise of synthetic biology to improve the health of people and the planet.

Forward-Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding 五星体育直播, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including 五星体育直播鈥� expectations regarding its partnership with seqWell and the ability of its CodeEvolver庐 technology to develop enzymes for library preparation and NGS workflows. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond 五星体育直播鈥� control and that could materially affect actual results. Factors that could materially affect actual results include, among others: 五星体育直播鈥� dependence on its licensees and collaborators; 五星体育直播鈥� dependence on a limited number of products and customers; and potential adverse effects to 五星体育直播鈥� business if it鈥檚 or its customers鈥� products are not received well in the markets. Additional information about factors that could materially affect actual results can be found in 五星体育直播鈥� Annual Report on Form 10-K filed with the Securities and Exchange Commission (鈥淪EC鈥�) on February 28, 2022, including under the caption 鈥淩isk Factors鈥� and in 五星体育直播鈥� other periodic reports filed with the SEC. 五星体育直播 expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law.


Source: 五星体育直播

Released April 21, 2022