Tuesday, 14 May 2024
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LBT Innovations Secures Major Contract with NovaCina – TipRanks Financial Blog

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LBT Innovations Limited (AU:LBT) has released an update.

LBT Innovations Limited has announced a lucrative contract with NovaCina for the sale of its APAS® Independence instrument and accompanying PharmaQC software, with delivery expected in June 2024. This deal, worth over $0.7 million, includes a five-year license for software, maintenance, and support, underscoring LBT’s expanding footprint in the biopharmaceutical market. The technology promises to enhance quality and efficiency in NovaCina’s aseptic manufacturing processes through AI-driven automation.

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