BioAgilytix

BioAgilytix

Bioanalytical testing for drug development

About

BioAgilytix offers specialized bioanalytical testing services for the pharmaceutical, biotechnology, and agricultural biotechnology industries, with a significant laboratory in Hamburg, Germany. They conduct various assays, including pharmacokinetics, pharmacodynamics, cell-based, and immunogenicity assays, to support drug development and ensure product safety. BioAgilytix distinguishes itself with its expertise in large molecule studies and a strong global presence. Their goal is to facilitate the development and approval of new drugs and therapies through comprehensive testing services.

Company Stage

Acquired

Employees

501-1,000

Industries

Biotechnology, Healthcare

Total Funding

$29.3M

Headquarters

N/A

Founded

2008


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Simplify's Take

What believers are saying

  • Strategic partnerships, such as with BBI Solutions and A3P Biomedical, enhance BioAgilytix's service offerings and market reach.
  • Expansion of the Hamburg lab and the addition of new leadership positions indicate robust growth and investment in infrastructure and talent.
  • The company's role in COVID-19 testing and advanced diagnostics positions it as a critical player in addressing global health challenges.

What critics are saying

  • The cancellation of the $61.5 million expansion deal in Durham, which promised 878 jobs, could indicate potential financial or strategic setbacks.
  • High turnover in leadership, including the recent appointment of a new COO and VP of Business Development, may lead to strategic misalignments and operational disruptions.

What makes BioAgilytix unique

  • BioAgilytix specializes in large molecule studies, offering a comprehensive suite of assays that are critical for drug development, unlike competitors who may focus on small molecules.
  • Their global presence, particularly with a significant laboratory in Hamburg, Germany, allows them to support clients across multiple continents, providing a competitive edge in accessibility and reach.
  • The company's involvement in COVID-19 testing and partnerships with firms like A3P Biomedical for advanced diagnostics showcases their adaptability and commitment to addressing urgent healthcare needs.

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Growth & Insights
Headcount

6 month growth

47%

1 year growth

47%

2 year growth

47%

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