ADMA Biologics Successfully Implements Innovative AI Program, Named ADMAlytics
February 21 2024 - 7:00AM
ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an
end-to-end commercial biopharmaceutical company dedicated to
manufacturing, marketing, and developing specialty biologics, today
announced the successful initial use of its Artificial Intelligence
(“AI”) program, named ADMAlytics. ADMAlytics combines AI and
machine learning to improve and predict outcomes for production and
operational processes. Recently, ADMA successfully produced its
first batch of ASCENIV™ utilizing this innovative ADMAlytics
software to prospectively automate and realize efficiency
improvements to plasma pooling during commercial manufacturing.
ADMA expects broad implementation of the new ADMAlytics
capabilities has the potential to provide for rapid realization of
efficiencies across the Company’s supply chain and production
operations.
“We're proud to announce the successful development and
implementation of our innovative ADMAlytics AI program,” said Adam
Grossman, President and Chief Executive Officer of ADMA. “This
achievement aligns seamlessly with our overarching mission to
continuously innovate our production processes for specialty
biologics, while also building on our reputation as a thought
leader within the commercial specialty biologics markets for the
patients our therapies serve.”
Mr. Grossman continued, “The robust ADMAlytics AI program is
designed to optimize and streamline our intricate production
processes, delivering significant efficiencies throughout the
organization. In the complex landscape of specialty biologics
production, maintaining uninterrupted operations is paramount, and
we believe that ADMAlytics will further bolster our commitment to
ensuring continuity of patient care. We anticipate the program's
rollout across the entirety of the ADMA organization will, in due
course, bring far reaching improvements and efficiencies across our
operations and further support the Company’s earnings growth
trajectory. We applaud our internal Information Technology team for
their execution and success bringing this innovative software to
commercial readiness and real-world application. ADMAlytics is
another testament to our commitment to lead a new age of
immunotechnology for specialty biologics.”
About ADMA Biologics, Inc.
(ADMA)
ADMA Biologics is an end-to-end commercial
biopharmaceutical company dedicated to manufacturing, marketing and
developing specialty biologics for the treatment of immunodeficient
patients at risk for infection and others at risk for certain
infectious diseases. ADMA currently manufactures and markets three
United States Food and Drug Administration (FDA)-approved
plasma-derived biologics for the treatment of immune deficiencies
and the prevention of certain infectious diseases: BIVIGAM® (immune
globulin intravenous, human) for the treatment of primary humoral
immunodeficiency (PI); ASCENIV™ (immune globulin intravenous, human
– slra 10% liquid) for the treatment of PI; and NABI-HB® (hepatitis
B immune globulin, human) to provide enhanced immunity against the
hepatitis B virus. ADMA manufactures its immune globulin products
at its FDA-licensed plasma fractionation and purification facility
located in Boca Raton, Florida. Through its ADMA BioCenters
subsidiary, ADMA also operates as an FDA-approved source plasma
collector in the U.S., which provides blood plasma for the
manufacture of its products. ADMA’s mission is to manufacture,
market and develop specialty biologics, human immune globulins
targeted to niche patient populations for the treatment and
prevention of certain infectious diseases and management of immune
compromised patient populations who suffer from an underlying
immune deficiency, or who may be immune compromised for other
medical reasons. ADMA holds numerous U.S. and foreign patents
related to and encompassing various aspects of its products and
product candidates. For more information, please visit
www.admabiologics.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains “forward-looking statements”
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, about ADMA Biologics, Inc. (“we,”
“our” or the “Company”). Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate, or imply future results, performance or achievements, and
may contain such words as “estimate,” “project,” “intend,”
“forecast,” “target,” “anticipate,” “plan,” “planning,” “expect,”
“believe,” “will,” “is likely,” “will likely,” “should,” “could,”
“would,” “may,” or, in each case, their negative, or words or
expressions of similar meaning. These forward-looking statements
include, but are not limited to, statements about the Company’s
ADMAlytics program, its application and its impact on the Company’s
patients, operations and financial performance. Actual events or
results may differ materially from those described in this press
release due to a number of important factors. Current and
prospective security holders are cautioned that there also can be
no assurance that the forward-looking statements included in this
press release will prove to be accurate. Except to the extent
required by applicable laws or rules, ADMA does not undertake any
obligation to update any forward-looking statements or to announce
revisions to any of the forward-looking statements. Forward-looking
statements are subject to many risks, uncertainties and other
factors that could cause our actual results, and the timing of
certain events, to differ materially from any future results
expressed or implied by the forward-looking statements, including,
but not limited to, the risks and uncertainties described in our
filings with the U.S. Securities and Exchange Commission, including
our most recent reports on Form 10-K, 10-Q and 8-K, and any
amendments thereto.
COMPANY CONTACT: Skyler
BloomSenior Director, Business Development & Corporate Strategy
| 201-478-5552 |sbloom@admabio.com
INVESTOR RELATIONS
CONTACT:Michelle Pappanastos Senior Managing Director,
Argot Partners | 212-600-1902 | michelle@argotpartners.com
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