Scorpius Holdings Launches Scorpius Ventures to Support U.S. Biotech Innovation through Flexible Equity-Based Onshoring Model
19 November 2024 - 1:30PM
Scorpius Holdings, Inc (NYSE
American: SCPX) (“Scorpius” or “the
Company”), an integrated contract development and manufacturing
organization ("CDMO"), today announced the launch of Scorpius
Ventures, a new business unit designed to support emerging biotech
companies with a flexible American onshoring model. By combining
service fees with an equity stake, Scorpius Ventures lowers
financial barriers for its partners to onshore production of their
biologics, creating a mutually beneficial pathway to accelerate
biotech advancements.
Scorpius Ventures’ hybrid model offers
capital-efficient access to its cGMP manufacturing services through
in-kind equity investment, sharing in the growth potential of its
clients.
“At Scorpius, we’re committed to enabling
biotech innovation by aiming to reduce financial obstacles and
creating true partnerships,” said Jeff Wolf, CEO of Scorpius
Holdings. “Through Scorpius Ventures, we’re providing biotech
companies the resources they need to advance critical therapies
through a hybrid fee and equity model, thereby, fostering shared
success while advancing our mission to strengthen U.S. biosecurity
and manufacturing independence.”
This new venture model aligns with the BIOSECURE
Act, supporting onshore production of essential biological
substances to bolster national security and economic resilience.
Scorpius Ventures prioritizes U.S.-based manufacturing, in an
effort to enhance supply chain stability and promote domestic job
growth.
Biotech partners benefit from Scorpius’
industry-leading CMC (Chemistry, Manufacturing, and Controls) and
manufacturing expertise, ensuring streamlined development, reduced
risks, and clear communication regarding milestones and timelines.
By combining Scorpius’ operational support with a fee-and-equity
model, clients can leverage the Company’s manufacturing strengths
to aid in their own fundraising efforts.
Scorpius Ventures represents a bold step in
onshoring development of American-made biologics, advancing
BIOSECURE Act goals while reshaping how emerging biotech companies
access capital and manufacturing.
Scorpius Holdings, Inc.
Scorpius Holdings, Inc. is an integrated
contract development and manufacturing organization (CDMO) focused
on rapidly advancing biologic programs to the clinic and beyond.
Scorpius offers a broad array of analytical testing, process
development, and manufacturing services to pharmaceutical and
biotech companies at its state-of-the-art facilities in San
Antonio, TX. With an experienced team and new, purpose-built U.S.
facilities, Scorpius is dedicated to transparent collaboration and
flexible, high-quality biologics biomanufacturing. For more
information, please visit www.scorpiusbiologics.com.
Forward-Looking Statement
This release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. In some cases, forward-looking statements can be
identified by terminology such as "may," "should," "potential,"
"continue," "expects," "anticipates," "intends," "plans,"
"believes," "estimates," and similar expressions, and include
statements such as Scorpius Ventures enabling biotech innovation by
reducing financial obstacles and creating true partnerships;
Scorpius fostering shared success while advancing its mission to
strengthen U.S. biosecurity and manufacturing independence;
Scorpius Ventures enhancing supply chain stability and promoting
domestic job growth; clients leveraging the Company’s manufacturing
strengths to aid in their own fundraising effort Important factors
that could cause actual results to differ materially from current
expectations include, among others, the ability of the Company to
derive the anticipated benefits from the flexible equity based
manufacturing model; the Company’s ability to expand its large
molecule biomanufacturing CDMO services, attract new customers,
profit from its pipeline and continue to grow revenue; the ability
to capture a meaningful market share; the ability to generate
meaningful cash flow and become cash flow positive; the Company’s
financing needs, its cash balance being sufficient to sustain
operations and its ability to raise capital when needed, the
Company’s ability to leverage fixed costs and achieve long-term
profitability; the Company’s ability to obtain regulatory approvals
or to comply with ongoing regulatory requirements, regulatory
limitations relating to the Company’s ability to successfully
promote its services and compete as a pure- play CDMO, and other
factors described in the Company’s annual report on Form 10-K for
the year ended December 31, 2023, subsequent quarterly reports on
Form 10-Qs and any other filings the Company makes with the SEC.
The information in this presentation is provided only as of the
date presented, and the Company undertakes no obligation to update
any forward-looking statements contained in this presentation on
account of new information, future events, or otherwise, except as
required by law.
Media and Investor Relations
ContactDavid Waldman+1 919 289
4017ir@scorpiusbiologics.com
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