Business
Innovotech Inc. Expands Lab Space and Staff to Meet its 2025 Contract Research Pipeline
(TheNewswire) Edmonton, Alberta, February 3, 2025 – TheNewswire - In...
About this update from Innovotech Inc.
[{"type":"text","content":"Innovotech Inc. Expands Lab Space and Staff to Meet its 2025 Contract Research Pipeline\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Edmonton, Alberta, February 3, 2025 –\n \n\n TheNewswire -\n \n\n\n\n Innovotech Inc.\n \n\n\n\n (TSX-V: IOT)\n(“Innovotech” or the “Company”)\n \n\n has\nadded new laboratory space, is recruiting additional staff and is\ninstalling new equipment to meet strong client demand into 2025 and\nbeyond.\n \n\n\n\n “These investments are required to meet the increased\nsize and sophistication of our contract research projects,” said\nCraig Milne, CEO.  “We have been listening to rising client demands\nand seeing new opportunities for our services which has led us to\ntransform our operations.”\n \n\n\n\n The additional space is located in a building adjacent\nto Innovotech’s prime laboratories and offices. It adds an\nadditional 1,390 square feet of microbiology laboratory and office\nspace.  Combined with Keystone Labs’ facility, the Company now\nboasts 13,089 square feet of space for operations.\n \n\n\n\n The Company is expanding its team by 25% by the end of\nthe first quarter, 2025.\n \n\n\n\n The Company has also invested in new equipment to\nsupport more client projects.  These include a large capacity\nincubator for microbiology, additional biosafety cabinets and other\nsupport equipment for Innovotech Labs.  At Keystone Labs, an\nadditional high-performance liquid chromatography (HPLC) system was\ninstalled to double productive output, and a new large capacity\nstability chamber is awaiting installation and certification.\n \n\n\n\n About Innovotech:\n \n\n\n\n Innovotech Inc. is a diversified Canadian technology\ncompany with business operations in a growing portfolio of specialized\nlaboratory services, biotechnology businesses, and proprietary\nintellectual property. Innovotech Inc. manages several subsidiary\ncompanies.  Innovotech Labs Corporation is a contract research\norganization that owns and provides proprietary devices for\nantimicrobial testing in multiple applications and commercializes\nantimicrobial silver solutions. Learn more at\n \n\n\n\n www.innovotech.ca\n \n\n\n\n .\n \n\n Keystone Labs Inc. is a DEL-accredited lab\nserving the Canadian pharmaceutical...