Clever Culture Systems Expands APAS® Independence Sales in Pharmaceutical Market

An update from LBT Innovations Limited ( (AU:CC5) ) is now available.

Clever Culture Systems Ltd has announced significant progress in its sales and marketing efforts for the APAS® Independence technology in the pharmaceutical market. The company has built a substantial sales pipeline with over 40 active customer opportunities, representing potential upfront sales of $75 million and recurring revenue of $15 million annually. The company has received a second purchase order from Bristol Myers Squibb and is in discussions with other multinational pharmaceutical companies following successful evaluations. The expansion of its sales strategy and the introduction of a new analysis module are expected to drive further adoption of its technology, positioning the company for profitability by FY25.

More about LBT Innovations Limited

Clever Culture Systems Ltd is a leader in AI microbiology automation, focusing on the development and marketing of its APAS® Independence technology. The company targets the pharmaceutical industry, aiming to enhance environmental monitoring processes with its innovative solutions.

YTD Price Performance: -35.00%

Average Trading Volume: 687,788

Technical Sentiment Signal: Buy

Current Market Cap: A$22.96M

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