AbCellera Breaks Ground on Global Headquarters in Vancouver and Expects to Hire Hundreds of Scientific and Tech Professionals

VANCOUVER, Canada–()–AbCellera (Nasdaq: ABCL), a know-how firm that has developed a centralized working system for next-generation antibody discovery and improvement, at the moment introduced it has damaged floor on an expanded world headquarters in its house metropolis of Vancouver in anticipation of including tons of of workers to its present 250-person workforce over the following few years.

“We’re building state-of-the-art facilities in Vancouver to accelerate the development of new antibody therapies with biotech and pharma partners from around the world,” stated Carl Hansen, Ph.D., CEO and President of AbCellera. “We intend for this technology campus to serve as a place where talented people can contribute to dramatically improving and accelerating antibody discovery for the benefit of patients everywhere.”

Located on 4th Avenue between Columbia and Manitoba Streets in Mount Pleasant, the corporate’s deliberate tech campus contains two amenities totaling 380,000 sq. ft that shall be developed in partnership with the Dayhu Group and Beedie. The amenities are anticipated to be accomplished in 2023 and 2024.

“As a Vancouver-based company, AbCellera’s success in leading the fight against COVID-19 underscores how our city has emerged as an innovation hub where tech companies can grow and thrive,” stated Vancouver Mayor Kennedy Stewart. “The tech sector is a key financial driver for our metropolis, and this announcement ensures that certainly one of our most profitable anchor corporations will play a pivotal position in creating new jobs, diversifying our financial system, and commercializing made-in-BC improvements – all whereas defending us from present and rising well being challenges.”

AbCellera’s antibody drug discovery platform makes use of microfluidics, machine studying, computation, customized robotics, and automation to go looking and analyze pure immune programs at document velocity and depth. Hansen famous that the complexity of the know-how stack, together with the truth that it’s being utilized in totally new methods to go looking, decode, and analyze antibodies, requires a uniquely expert workforce.

“Vancouver is home to a wealth of talent and a network of world-leading tech companies and startups,” stated Véronique Lecault, Ph.D., AbCellera’s Chief Operating Officer. “We see this new site as a creative hub for engineers, software developers, data scientists, biologists and bioinformaticians to collaborate, innovate, and push the frontiers of technology. Our company puts significant value on ambitious, adventurous thinkers who are energized by solving hard, important problems in entirely new ways.”

AbCellera’s long-term imaginative and prescient in Vancouver contains constructing Canada’s first clinical-grade Good Manufacturing Practice (GMP) antibody manufacturing facility, which is able to present know-how and infrastructure to assist Canada reply to future pandemics.

Vancouver is a fast-growing know-how heart in North America, attracting startups with a enterprise atmosphere pleasant to younger corporations, and luring prime expertise with a complicated city life-style, extraordinary out of doors facilities, and gorgeous pure landscapes.

About Dayhu Group of Companies

Dayhu Group of Companies is a number one actual property funding, improvement, and property administration firm with over 4 million sq. ft of commercial, industrial and retail properties throughout Western Canada. Founded in 1956, Dayhu is a Vancouver-based, family-managed and owned enterprise. For extra data, please go to https://dayhu.com/.

About Beedie

Founded in 1954, Beedie is Western Canada’s largest non-public industrial developer and property supervisor, having accomplished greater than 30 million sq. ft of latest improvement, with an ever-expanding portfolio of over 11 million sq. ft. With over six many years of constructing for good, Beedie can be one of many Lower Mainland’s most respected residential builders having accomplished a number of important, large-scale master-planned communities and mixed-use tasks. For extra data, please go to https://www.beedie.ca/.

About AbCellera Biologics

AbCellera is a know-how firm that searches, decodes, and analyzes pure immune programs to search out antibodies that its companions can turn into medication to forestall and deal with illness. AbCellera companions with drug builders of all sizes, from giant pharmaceutical to small biotechnology corporations, empowering them to maneuver shortly, scale back price, and deal with the hardest issues in drug improvement. For extra data, please go to www.abcellera.com.

AbCellera Forward-looking Statements

This press launch incorporates forward-looking statements, together with statements made pursuant to the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are primarily based on administration’s beliefs and assumptions and on data at present obtainable to administration. All statements contained on this launch apart from statements of historic reality are forward-looking statements, together with statements concerning our capacity to develop, commercialize and obtain market acceptance of our present and deliberate services and products, our analysis and improvement efforts, and different issues concerning our enterprise methods, use of capital, outcomes of operations and monetary place, and plans and goals for future operations.

In some instances, you’ll be able to determine forward-looking statements by the phrases “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the detrimental of those phrases or different comparable terminology, though not all forward-looking statements include these phrases. These statements contain dangers, uncertainties and different elements that will trigger precise outcomes, ranges of exercise, efficiency, or achievements to be materially completely different from the data expressed or implied by these forward-looking statements. These dangers, uncertainties and different elements are described below “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere within the paperwork we file with the Securities and Exchange Commission infrequently. We warning you that forward-looking statements are primarily based on a mix of info and elements at present recognized by us and our projections of the longer term, about which we can’t be sure. As a end result, the forward-looking statements could not show to be correct. The forward-looking statements on this press launch characterize our views as of the date hereof. We undertake no obligation to replace any forward-looking statements for any motive, besides as required by legislation.

Source: AbCellera Biologics Inc.

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