Akoya Biosciences Opens Operations and Manufacturing Center of Excellence in Marlborough, Massachusetts

MARLBOROUGH, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Akoya Biosciences, Inc., (Nasdaq: AKYA), The Spatial Biology Company, has opened its Operations and Manufacturing Center of Excellence in Marlborough, Massachusetts to meet the accelerating demand for its spatial biology solutions and the increased utilization of the company’s PhenoCycler-Fusion and the PhenoImager HT platforms.

“Spatial biology is transforming drug discovery, translational sciences, and clinical research, and advancing our ability to understand biology, disease progression, and patients’ response to therapy,” said Brian McKelligon, CEO of Akoya Biosciences. “The vast potential of spatial biology, combined with the higher throughput and plex capabilities of our systems, are driving increased demand for our reagents. We expect our investment in the Manufacturing Center of Excellence will drive operational efficiencies, allowing us to better serve our customers, deliver reagents at increasing scale, and further broaden our portfolio of reagents to unlock new market opportunities.”

The 32,000 square foot facility includes R&D, manufacturing, quality control, warehouse space, and distribution. Co-location of these functional areas enables a more rapid response to growing demand, simplifies manufacturing and supply chains, and facilitates gross margin improvement initiatives. Now fully operational, the primary focus will be the manufacturing and QC of Akoya’s molecular barcoded antibodies and accompanying reagents.

“One of the main advantages of our investment in this facility is the cross-functional collaboration and flexibility it affords,” said Anthony Catalano, Akoya’s Vice President of Operations. “By bringing together our R&D and operational teams, we expect to prototype, test, and deliver new reagents and applications with greater efficiency at a much faster pace.”

Forward-Looking Statements

This press release contains forward-looking statements that are based on management’s beliefs and assumptions and on information currently available to management. All statements contained in this release other than statements of historical fact are forward-looking statements, including statements concerning our expectations about the potential of spatial biology, the demand for spatial biology solutions, our ability to achieve operational efficiencies, our ability to develop, commercialize, meet the demand for, deliver and achieve market acceptance of our current and planned products and services and other statements regarding our products and services, business strategies, future performance, gross margin improvement initiatives and plans and objectives for future operations.