Inotiv, Inc. (NOTV)
- GlobeNewswire
Inotiv Set to Join Russell 3000® Index and Russell 2000® Index
WEST LAFAYETTE, Ind., June 07, 2021 (GLOBE NEWSWIRE) -- Inotiv, Inc. (NASDAQ:NOTV) (the “Company”, “We”, “Our” or “Inotiv”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services, today announced that the Company is set to join the broad-market Russell 3000® Index and Russell 2000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. markets open on June 28, 2021, according to a p
- GlobeNewswire
Inotiv Announces Purchase of St. Louis Facility and Plans to Expand Capacity
WEST LAFAYETTE, Ind., May 27, 2021 (GLOBE NEWSWIRE) -- Inotiv, Inc. (NASDAQ:NOTV) (the “Company”, “We”, “Our” or “Inotiv”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services, today announced that the Company has completed the purchase of its previously leased St. Louis facility for approximately $4.7 million. In early June 2021, the Company intends to commence construction on approximately 20,000 square feet of unfinished shell space at the 50,000 square foot facility, expanding the Company’s capacity to serve its client base with more comprehensive and integrated service offerings. The expansion will include laboratories for increased drug metabolism & pharmacokinetics technology and capability, as well as a new cell and molecular biology suite capable of delivering in vitro solutions in pharmacology and toxicology. The Company will fund the purchase of the facility and expansion costs by proceeds from the public offering that the Company completed in April 2021, and a new $4.8 million term loan from First Internet Bank. Robert Leasure, Jr., Inotiv’s President and Chief Executive Officer, said, “The purchase and expansion of the St. Louis facility should enable Inotiv to further capitalize on exciting new growth opportunities deriving not only from expanded capabilities in St. Louis, but also from our recent acquisitions of Bolder BioPATH, Inc. and HistoTox Labs, Inc. This strategic expansion is also designed to extend Inotiv’s reach into earlier stages of drug discovery, driving increased engagement of our pharmacology and toxicology operations and histopathology services.” About the CompanyInotiv, Inc. is a leading contract research organization specializing in nonclinical and analytical drug discovery and development services. The Company focuses on developing innovative services supporting its clients’ discovery and development objectives for improved decision-making and accelerated goal attainment. The Company’s products focus on increasing efficiency, improving data, and reducing the cost of taking new drugs to market. Visit inotivco.com for more information about the Company. This release may contain forward-looking statements that are subject to risks and uncertainties including, but not limited to, risks and uncertainties related to changes in the market and demand for our products and services, the development, marketing and sales of products and services, changes in technology, industry and regulatory standards, the timing of acquisitions and the successful closing, integration and business and financial impact thereof, the impact of the COVID-19 pandemic on the economy, demand for our services and products and our operations, including the measures taken by governmental authorities to address the pandemic, which may precipitate or exacerbate other risks and/or uncertainties, expansion and related efforts, and various other market and operating risks, including those detailed in the Company's filings with the U.S. Securities and Exchange Commission. Company ContactInvestor RelationsInotiv, Inc.The Equity Group Inc.Beth A. Taylor, Chief Financial OfficerKalle Ahl, CFA(765) 497-8381(212) 836-9614btaylor@inotivco.comkahl@equityny.com Devin Sullivan (212) 836-9608 dsullivan@equityny.com
- GlobeNewswire
Kenneth Swart, Ph.D., Joins Inotiv as Vice President, Bioanalytical Sciences to Drive Growth of Expanding Laboratory Solutions Offerings
Kenneth Swart, Ph.D. Kenneth Swart, Ph.D., Joins Inotiv as Vice President, Bioanalytical Sciences to Drive Growth of Expanding Laboratory Solutions Offerings WEST LAFAYETTE, Ind., May 11, 2021 (GLOBE NEWSWIRE) -- Inotiv, Inc. (NASDAQ:NOTV) (the “Company”, “We”, “Our” or “Inotiv”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services, today announced that Kenneth Swart, Ph.D., has joined the Company as Vice President, Bioanalytical Sciences. Dr. Swart’s arrival follows the closing of business acquisitions which expand the Company’s pharmacology, immunohistochemistry and histopathology businesses, as well as the announcement of planned investments in laboratory sciences and solutions focused on assisting clients discover and develop novel therapies. “At a time when our clients’ assets reflect a blend of traditional oral drug candidates to gene therapies and vaccines, the infusion of Dr. Swart’s experience and leadership into our regulated bioanalytical, DMPK and cell & molecular biology team effort aligns with recent internal investments in our contract research solutions,” said Dr. Michael Baim, Senior Vice President of Bioanalytical Operations. Dr. Baim continued, “We believe that Dr. Swart’s extensive experience in bioanalysis, biomarker discovery and development, as well as translational pharmacology and genomic medicine, is a perfect match to the portion of our client base immersed in treatment discoveries for chronic inflammation, neurological disease, oncology & hematology, infectious disease, immunology, and rare & neglected disease.” Dr. Swart joins Inotiv with more than three decades of global experience supporting all aspects of clinical development, including a recent tenure at Parexel, where he led and influenced a 20-year evolution in bioanalytical sciences and translational pharmacology, as well as a developing genomic and individualized medicines arena. As a result of his bioanalytical, pharmacology and immunology contributions to the field, Dr. Swart has maintained a rich tenure in the Departments of Bioanalytical and Organic Chemistry at the University of the Free State (Bloemfontein, South Africa). “I am pleased to be part of a company with multidisciplinary expertise and a dedication to delivering solutions for clients pursuing small molecule and biotherapeutic discovery,” said Dr. Swart. “I look forward to assisting the team in expanding these service offerings in a GLP facility.” Dr. Swart holds a Ph.D. in Pharmacology and Bioanalytical Chemistry, a Master of Medical Science in Pharmacology, a Bachelor of Medical Science (Hons) in Pharmacology, and a Bachelor of Science in Chemistry and Physiology, all from the University of the Free State in South Africa. He is a member of the American Society of Mass Spectrometry and served as board member and scientific editor for the Journal of Chromatographia. About the Company Inotiv, Inc. is a leading contract research organization specializing in nonclinical and analytical drug discovery and development services. The Company focuses on developing innovative services supporting its clients’ discovery and development objectives for improved decision-making and accelerated goal attainment. The Company’s products focus on increasing efficiency, improving data, and reducing the cost of taking new drugs to market. Visit inotivco.com for more information about the Company. This release may contain forward-looking statements that are subject to risks and uncertainties including, but not limited to, risks and uncertainties related to changes in the market and demand for our products and services, the development, marketing and sales of products and services, changes in technology, industry and regulatory standards, the timing of acquisitions and the successful closing, integration and business and financial impact thereof, the impact of the COVID-19 pandemic on the economy, demand for our services and products and our operations, including the measures taken by governmental authorities to address the pandemic, which may precipitate or exacerbate other risks and/or uncertainties and various other market and operating risks, including those detailed in the Company's filings with the U.S. Securities and Exchange Commission. Company Contact Investor RelationsInotiv, Inc. The Equity Group Inc.Beth A. Taylor, Chief Financial Officer Kalle Ahl, CFA(765) 497-8381 (212) 836-9614btaylor@inotivco.com kahl@equityny.com Devin Sullivan (212) 836-9608 dsullivan@equityny.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf789680-de46-464b-9780-eb76715f79dd
