NightHawk’s Scorpius BioManufacturing Subsidiary Commences Work on Preclinical Program for New Client
January 16 2024 - 8:30AM
NightHawk Biosciences (NYSE American:
NHWK) (“NightHawk” or the “Company”), an integrated
contract development and manufacturing organization (CDMO), today
announced its Scorpius BioManufacturing subsidiary has been awarded
a project to support a preclinical program for a U.S. based biotech
company. The initial project value exceeds one million dollars,
with the potential to exceed several million dollars over the next
two years.
Jeff Wolf, CEO of NightHawk, commented, “We are
pleased to have been awarded this competitive bid due to the
versatility of our biologics facility, manufacturing readiness, and
commitment to quality. This award reflects our growing reputation
in the industry, as well as our track record advancing early stage
clinical programs. A key element of this project is Scorpius’
specialized analytical and process development laboratories where
the client benefits from our expertise in biologics and, in
particular, microbial fermentation, which is garnering significant
attention in the industry. Although the work outlined in this
contract is anticipated to be completed in 2024, our intent is to
expand the scope of the project as they prepare for phase 1
clinical trials and beyond.”
NightHawk Biosciences, Inc.
NightHawk Biosciences, through its Scorpius
BioManufacturing subsidiary, is an integrated contract development
and manufacturing organization (CDMO) focused on rapidly advancing
biologic and cell therapy programs to the clinic and beyond.
Scorpius offers a broad array analytical testing, process
development, and manufacturing services to pharmaceutical and
biotech companies at its state-of-the-art facilities in San
Antonio, TX. With an experienced team and new, purpose-built U.S.
facilities, Scorpius is dedicated to transparent collaboration and
flexible, high-quality biologics biomanufacturing. For more
information, please visit: www.nighthawkbio.com or
www.scorpiusbiologics.com, and also follow us on Twitter.
Forward-Looking StatementThis
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. In some cases
forward-looking statements can be identified by terminology such as
"may," "should," "potential," "continue," "expects," "anticipates,"
"intends," "plans," "believes," "estimates," and similar
expressions, and include statements such as the potential to exceed
several million dollars over the life of the project, completing
the work outlined in the contract by 2024 and building a long-term
relationship with the client in order to expand the scope of the
project as they prepare for phase 1 clinical trials and beyond.
Important factors that could cause actual results to differ
materially from current expectations include, among others, the
Company’s ability to complete the work outlined in 2024 and to
expand the scope of the project, the Company’s ability to generate
future revenue from manufacturing contracts , the Company’s ability
to continue to grow revenue, leverage fixed costs and achieve
long-term profitability; the Company’s ability to create
substantial shareholder value as a pure-play CDMO in an underserved
marketplace; the Company’s financing needs, its cash balance being
sufficient to sustain operations and its ability to raise capital
when needed, the Company’s ability to successfully operate as a
CDMO the ability to obtain regulatory approval or to comply with
ongoing regulatory requirements, regulatory limitations relating to
the Company’s ability to successfully promote its services and
compete as a pure- play CDMO, and other factors described in the
Company’s annual report on Form 10-K for the year ended December
31, 2022, subsequent quarterly reports on Form 10-Qs and any other
filings the Company makes with the SEC. The information in this
presentation is provided only as of the date presented, and the
Company undertakes no obligation to update any forward-looking
statements contained in this presentation on account of new
information, future events, or otherwise, except as required by
law.
Media and Investor Relations ContactDavid
Waldman+1 919 289 4017investorrelations@nighthawkbio.com
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