Country for PR: United States
Contributor: PR Newswire New York
Thursday, October 14 2021 - 22:00
AsiaNet
BioAgilytix Closes Acquisition of Australia-based 360biolabs (R)
DURHAM, N.C., Oct. 14, 2021 /PRNewswire-AsiaNet/ --

-- Following final government approval, 360biolabs, a BioAgilytix company, adds 
world-class virology & immunology expertise and LC/MS/MS small molecule 
capabilities to the company, enabling support of bioanalytical services across 
all geographies and development stages
 
BioAgilytix Labs, LLC (BioAgilytix), a leading global contract research 
organization focused on supporting pharmaceutical and biotech partners in all 
phases of drug development, announced today that, following Australian Foreign 
Investment Review Board ("FIRB") approval, it officially closed the purchase of 
360biolabs(R). The acquisition of the company, now known as 360biolabs, a 
BioAgilytix company, expands BioAgilytix's capabilities into first-in-human 
trials (FIH), early-phase clinical trials and adds additional capacity by 
joining 360biolabs' internationally recognized quality systems in Melbourne and 
Brisbane with its existing laboratories in Durham, North Carolina; Boston, 
Massachusetts; San Diego, California and Hamburg, Germany.

Logo - 
https://mma.prnewswire.com/media/1659727/360biolabs_logo_RGB_tagline_Logo.jpg

Located in Australia's biomedical and clinical research hubs, Victoria and 
Queensland, 360biolabs offers world-class virology and immunology expertise, 
with BSL 2 and 3 laboratories, biomarker and immune monitoring capabilities 
with a state-of-the-art flow cytometry suite, molecular biology PCR suite and 
expansive bioanalytical LC/MS/MS small molecule capabilities.

"We are delighted to announce the final close of the 360biolabs acquisition, as 
it's such positive and exciting news for our global team and customers. Our 
expanded capacity, expertise and agility to now serve clients across all 
geographies is unprecedented," said Jim Datin, President and CEO of 
BioAgilytix. "360biolabs' leadership position in virology and immunology, plus 
their small molecule capabilities and locations in Melbourne and Brisbane, help 
make BioAgilytix an end-to-end bioanalytical force dedicated to helping 
generate new innovations and life-changing therapeutics for patients around the 
world."   

"Our team is thrilled to formally join forces with BioAgilytix, as we already 
share so much culturally, from our mutual strong scientific track record to our 
commitment to quality science enabling innovative medicines to be developed for 
patients. Together we will provide an exceptional range of specialized assays 
and services to fulfill our clients' high expectations on a global scale," said 
Alistair Draffan, CEO of 360biolabs. "We have no doubt that the combined group 
is more than up to the task of tackling the world's many health challenges, 
whether the pandemic or treatments for unmet clinical needs."

BioAgilytix selected White & Case as legal counsel to oversee the closing of 
the acquisition, with Lazards Australia and Allens representing 360biolabs.

About BioAgilytix
BioAgilytix is a leading global contract research organization focused on 
supporting pharmaceutical and biotech partners in all phases of drug 
development. With laboratory locations in North Carolina's Research Triangle 
Park; Cambridge, Massachusetts; San Diego, California; Melbourne and Brisbane, 
Australia and Hamburg, Germany, BioAgilytix provides PK, immunogenicity, 
biomarkers, and cell-based assay services supporting the development and 
release testing of therapeutics across a number of industries and disease 
states.

BioAgilytix offers assay development, validation, and sample analysis under 
non-GLP, GLP, and GCP, as well as GMP quality control testing (i.e., product 
release testing, stability testing, etc.) BioAgilytix also offers diagnostic 
testing services at its CLIA-certified, CAP-accredited Boston laboratory.

BioAgilytix's team of highly experienced scientific and QA professionals 
ensures high-quality science, data integrity and regulatory compliance through 
all phases of clinical development. BioAgilytix is a trusted partner to many 
top global pharmaceutical and biotech companies. For more information, visit 
www.bioagilytix.com.

About 360biolabs(R), a BioAgilytix company 360biolabs(R), a BioAgilytix 
company, is the leading and most comprehensive specialty laboratory in the 
Australia and New Zealand region. Our expert pharmacokinetic (PK) and 
pharmacodynamic (PD) assay services support small molecule, biologic, vaccine 
and other innovative therapeutic solutions to human health. A world class and 
industry experienced technical team, known for their ability to successfully 
deliver technically challenging assays, 360biolabs® supports global 
pharmaceutical and biotech companies in a diverse and growing range of 
therapeutics areas.

360biolabs(R) delivers global regulatory compliant assays and reports following 
ISO/IEC 17025, ISO 15189, OECD GLP, GCLP and ICH GCP with a focus on quality. 
For more information, visit www.360biolabs.com.

Media Contact:
Pam O'Connor
BioAgilytix
+1 919-621-1230
pam.oconnor@bioagilytix.com



SOURCE: BioAgilytix