ImmunoPrecise Antibodies (IPA) Demonstrates Strong Market Confidence with Insider Share Purchases
December 23 2024 - 8:30AM
Business Wire
IPA (IMMUNOPRECISE ANTIBODIES LTD.) (the “Company” or “IPA”)
(NASDAQ: IPA), an AI-driven biotherapeutic research and technology
company, is pleased to announce significant insider activity, with
key members of its executive team and subsidiary co-founders
demonstrating confidence in the Company’s strategic direction and
long-term potential through substantial share purchases.
Over the past week, CEO Dr. Jennifer Bath and BioStrand
co-founders Dirk Van Hyfte and Ingrid Brands collectively acquired
a total of 763,120 shares of IPA on the open market for an
aggregate amount of USD $306,000.
A Strong Signal of Confidence This insider activity highlights
the leadership team’s belief in IPA’s growth trajectory and
transformational initiatives. Dr. Bath commented, “Our collective
investments reflect our deep confidence in IPA’s vision and our
commitment to driving long-term value for our shareholders. As we
advance groundbreaking initiatives in AI-driven discovery and
therapeutic development, we remain focused on delivering innovative
solutions to the life sciences industry.”
About ImmunoPrecise Antibodies Ltd.
ImmunoPrecise Antibodies Ltd. is a biotechnology company that
leverages multi-omics modeling and complex artificial intelligence
through a series of proprietary and patented technologies. The
Company owns an integrated end-to-end suite of capabilities to
support the development of therapeutic antibodies and is known for
solving very complex industry challenges. IPA has several
subsidiaries in North America and Europe including entities such as
Talem Therapeutics LLC, BioStrand BV, ImmunoPrecise Antibodies
(Canada) Ltd. and ImmunoPrecise Antibodies (Europe) B.V.
(collectively, the “IPA Family”).
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of applicable United States securities laws and
Canadian securities laws. Forward-looking statements are often
identified by the use of words such as “expects”, “estimates”,
“intends”, “anticipates”, or “believes”, or variations of such
words and phrases, or state that certain actions, events, or
results “may”, “would”, “might”, or “will” be taken, occur, or be
achieved. Forward-looking statements include, but are not limited
to, statements relating to our expectations related to business
operations, financial performance, results of operations, our
expectations and guidance related to the success of our
partnerships, our technology development efforts and the
application of those efforts, out-licensing and new client
opportunities, strategic partnerships, expansion strategy, the
efficacy and integration of new service and product offerings, our
ability to market our platform technologies to potential partners,
and our internal asset programs, and our ability to create
long-term value for customers. Although the Company believes that
we have a reasonable basis for each forward-looking statement, we
caution you that these statements are based on a combination of
facts and factors currently known by us and our expectations of the
future, about which we cannot be certain. Actual future results may
be materially different from what we expect due to factors largely
outside our control, including risks and uncertainties related to
market and other conditions and the impact of general economic,
industry or political conditions in the United States, Canada or
internationally. You should also consult our quarterly and annual
filings with the Canadian and U.S. securities commissions for
additional information on risks and uncertainties.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements stated herein to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Actual
results could differ materially from those currently anticipated
due to several factors and risks, as discussed in the Company’s
Annual Report on Form 20-F, as amended, for the year ended April
30, 2024 (which may be viewed on the Company’s SEDAR+ profile at
www.sedarplus.ca and EDGAR profile at www.sec.gov/edgar). Should
one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results, performance, or achievements may vary
materially from those expressed or implied by the forward-looking
statements contained in this release. Accordingly, readers should
not place undue reliance on forward-looking statements contained in
this release. The forward-looking statements contained in this
release are made as of the date of this release and, accordingly,
are subject to change after such date. The Company does not assume
any obligation to update or revise any forward-looking statements,
whether written or oral, that may be made from time to time by us
or on our behalf, except as required by applicable law.
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