Press release: Olink Holding AB (publ) (“Olink”) (Nasdaq: OLK) and Element Biosciences, Inc. (“Element”) today announced a collaboration to enable use of the Olink® Explore high-throughput proteomics platform with Element’s next generation sequencing (NGS) platform, the AVITI System, launched March 2022.
Element and Olink have performed a technical proof-of-concept study demonstrating a high compatibility between Olink® Explore and Element’s NGS platform AVITI. Additional findings from the two companies’ results will be discussed by Element during a panel discussion on June 8th at the AGBT general meeting in Orlando, Florida. Element and Olink are exploring more advanced means of seamlessly combining the existing Olink® Explore product with Element’s AVITI System in additional use cases.
“Olink is dedicated to driving the understanding of real-time biology and making our Olink® Explore line of products broadly accessible to labs across the world,” said Jon Heimer, CEO of Olink. “With new product launches such as AVITI helping drive continued expansion and evolution of the NGS market, Olink looks forward to its efforts with Element to bring Explore to an increasing number of customers.”
“Olink’s Explore technology is a great example of how the AVITI System benchtop sequencer—with its flexible sequencing configurations and high data quality—can have an impact beyond DNA sequencing by providing users high performance and low cost access to other areas of investigation,” said Shawn Levy, SVP of Applications and Scientific Affairs, Element Biosciences.
This non-exclusive collaborative framework is a continuation of Olink’s strategy it has executed in NGS since 2020 and combines the strengths of both companies’ technologies. These efforts are intended to provide Olink customers with options in choosing the sequencing platform that is optimal for their needs, and to expand the portfolio of applications for Element Biosciences customers.
About Olink
Olink Holding AB (Nasdaq: OLK) is a company dedicated to accelerating proteomics together with the scientific community, across multiple disease areas to enable new discoveries and improve the lives of patients. Olink provides a platform of products and services which are deployed across major biopharmaceutical companies and leading clinical and academic institutions to deepen the understanding of real-time human biology and drive 21st century healthcare through actionable and impactful science. The Company was founded in 2016 and is well established across Europe, North America, and Asia. Olink is headquartered in Uppsala, Sweden. Learn more about Olink here.
About Element
Element Biosciences is a multi-disciplinary life science company currently focused on developing disruptive DNA sequencing technology for research and diagnostic markets. Through innovating every fundamental element of a sequencing system, Element will empower customers with affordable, high-quality data and an improved user experience, which in turn will accelerate scientific discoveries and broaden the use of genomic medicine. Learn more about Element Biosciences here.
For more information please contact:
Olink IR Contact
Jan Medina, CFA, VP Investor Relations & Capital Markets, Olink
Mobile: +1 617 802 4157
jan.medina@olink.com
Olink Media Contact
Andrea Prander, Corporate Communications Manager, Olink
Mobile: + 46 768 775 275
andrea.prander@olink.com
Element Contact
Element Biosciences, Inc. Media Contact
Valerie Enes
valerie@teamseismic.com
(408) 497-8568