ImmunoPrecise Antibodies (NASDAQ:IPA) ("IPA"), a leading company in AI-driven biotherapeutic research and technology, has recently provided an update to investors as it reported earnings for Q2 FY2024. The company is known for its pioneering work as a Contract Research Organization (CRO) in the biopharmaceutical industry, particularly distinguished for its adeptness in integrating Vertical AI, a concept that intertwines industry-specific knowledge with artificial intelligence (AI).
IPA’s strategy of providing a full continuum of end-to-end antibody discovery and development services utilizing a combination of AI and wet lab technologies seems to be yielding positive outcomes. In the recent quarter, the company achieved revenues of CA$6.2 million and CA$11.8 million for the three- and six-month periods ending on October ...