Manchester Business Looks To Capture Opportunities Presented In The Bioinformatics Space
The Corporate team at Irwin Mitchell has advised Manchester-based APIS Assay Technologies Ltd on its acquisition of Beogenomics, a specialised software developer with major expertise in Bioinformatics and Artificial Intelligence (BIOX).
APIS develops new tests for the prediction, prevention, and diagnosis of disease from discovery to regulatory approval. The company’s business model is based on three pillars: biomarker diagnostics development, molecular diagnostic contract development, and applied bioinformatics.
Beogenomics has been developing both on-prem and secure cloud-based data analysis solutions - helping customers design, build and run custom tailored genomics & proteomics pipelines.
The start-up with amazing capability will be integrated into Manchester-based APIS, supporting the launch of a new BIOX Service Line as part of the company’s ongoing Biomarker Research and Development activities.
Bioinformatics and Artificial Intelligence are key competencies adding value to APIS’ in-house capabilities and expanding APIS’ service offer profile. Using AI-enabled data mining, the company aims to identify novel biomarkers, targeting oncology, inflammatory, autoimmune, infectious disease, and inherited disease areas.
Victoria Zivkovic, Corporate partner at Irwin Mitchell in Manchester, advised APIS Assay Technologies Ltd.
Dr Joachim Schorr, CEO of APIS, said: “We are delighted to announce our acquisition of Beogenomics, which offers strong operational and cultural fits. We look forward to welcoming the talented team and working together to expand our BIOX capacity internally, and build out a new, discrete, and externally-facing service line.”
“With the addition of Beogenomics’ proven expertise in bioinformatics – APIS can more effectively capture the exciting opportunities presented in the bioinformatics space,” added Ian Kavanagh, COO of APIS.
Sir Richard Leese, Leader of Manchester City Council (MCC), said: “Based on Manchester’s vision to establish a global genomics campus, the MCC investment into APIS already results in growth and very positive momentum as it brings together scientific expertise and cutting-edge technologies to develop novel biomarkers to help diagnose disease for patients in Greater Manchester and around the globe.”