Invizyne’s Nasdaq IPO Marks New Era of Biomanufacturing
November 13 2024 - 4:05PM
Today, Invizyne Technologies, Inc., (NASDAQ:IZTC) ("Invizyne"), a
leading designer of cell-free, enzyme-based biomanufacturing
systems to produce commercially important molecules and chemicals
for everyday life, started trading on Nasdaq. The successful
initial public offering marks the next era of biomanufacturing,
based on an idea pioneered by UCLA Professor Emeritus James Bowie
over a decade ago – making enzymatic pathways function outside the
constraints of living cells.
“We were frustrated with the limitations of working with
enzymatic pathways inside cells, which made us wonder whether we
could get rid of the cells altogether,” said Bowie. “I was lucky to
have a team with enough talent and grit to actually make it work.”
After founding Invizyne in 2019 and continuing their work to
mature the technology, today’s public listing on Nasdaq marks
another milestone. “The team is excited to show the world what
cell-free biomanufacturing can do,” Bowie said. “I personally
believe there is a huge potential to replace much of current
chemical production with our environmentally friendly
alternative.”
Invizyne CEO Michael Heltzen adds, “After joining as the CEO, it
quickly became obvious to me that this is a world-class scientific
team, able to pull off what most scientists previously thought to
be impossible. Specifically, making cell-free enzymatic pathways
run chemical reactions without the need of the cell. We are thereby
bypassing many of the limitations associated with cell-based
synthetic biology. Now we aim to show our investors and the world
that our next generation enzymes and biomanufacturing platform is
commercially viable through licensing deals and different types of
partnerships.”
Invizyne CEO Michael Heltzen comments on the
company’s IPO
About InvizyneInvizyne Technologies, Inc.
is a cell-free enzyme-based biomanufacturing technology company
headquartered in Monrovia, California. Invizyne is redefining
biomanufacturing by leveraging cell-free, multi-step, enzyme-based
systems to efficiently transform natural or renewable resources
into highly sought after biochemicals, such as Active
Pharmaceutical Ingredients (APIs), biofuels, food flavors,
fragrances, cosmetics, etc. Management of Invizyne believes that
its biomanufacturing platform, known as SimplePath™, will be a
significant alternative to the current methods of chemical compound
production, which are generally chemical synthesis, natural
extraction, and synthetic biology. The objective for the
SimplePath™ platform is to enable the efficient production of a
diverse range of chemicals otherwise impossible to make, or very
expensive to make. The SimplePath™ platform not only can maximize
the value of these resources but also can contribute to the
development of novel and renewable chemical compounds that hold the
potential to open new markets and business opportunities.
For more information, please visit www.invizyne.com
Forward-Looking StatementsThis press release contains
"forward-looking statements." These forward-looking statements are
made as of the date they were first issued and were based on
current expectations, estimates, forecasts and projections as well
as the beliefs and assumptions of management. Words such as “aim”,
"expect," "anticipate," "should," "believe," "hope," "target,"
"project," "goals," "estimate," "potential," "predict," "may,"
"will," "might," "could," "intend," "shall" and variations of these
terms or the negative of these terms and similar expressions are
intended to identify these forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond Invizyne's control. Invizyne's actual results could
differ materially from those stated or implied in forward-looking
statements due to a number of factors. The forward-looking
statements included in this press release represent Invizyne's
views as of the date of this press release. Invizyne anticipates
that subsequent events and developments will cause its views to
change. Invizyne undertakes no intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. These forward-looking
statements should not be relied upon as representing Invizyne's
views as of any date subsequent to the date of this press
release.
Media contacts:Lasse Görlitz, VP of Communications(858)
319-7135press@invizyne.com
Investor Relations Contact:IR@invizyne.com
- Invizyne CEO Michael Heltzen comments on the company’s IPO
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