TROMSØ: Biotec Pharmacon announced it has officially rebranded to ArcticZymes Technologies. As previously announced and decided by the Annual General Meeting, Biotec Pharmacon ASA has formally changed its name to ArcticZymes Technologies ASA.

The new name is formally registered with Brønnøysundregistrene and will trade under the new ticker “AZT” over the next days.

The company has undergone a significant transformation over the last year with the ArcticZymes subsidiary representing the core business and profitable part of the company. The new brand reflects the company’s future identity and strategy to focus on growing its enzymes business via a combination of organic and inorganic initiatives. Longer-term, the company has ambitions to expand into other technologies beyond enzymes.

ArcticZymes is a global leader in supplying best-in-class enzyme technologies to commercial partners who develop therapeutics, In vitro Diagnostics (IVD) and molecular research kit products. The success of the enzymes business has been a result of forging long-term commercial partnerships with its customers as a reliable and trusted supplier. Hence, incorporating ArcticZymes into the new corporate brand name is instrumental in recognizing the strong and positive brand positioning the company has achieved in the market.

The two subsidiaries, ArcticZymes AS and Biotec BetaGlucans AS will remain. However, the future direction and activities of the group will be very different than earlier with the enzyme business being at the forefront.

ArcticZymes Technologies ASA, CEO, Jethro Holter said: “ArcticZymes Technologies has arrived and the company enters a new era. Our future is all about enzymes. With this, the company needed a new image and identity that reflects its foundations and recognizes what is core at driving the future value of the business. I trust our customers, partners and investors are as inspired as us about embarking on a new chapter in the company’s history.”

ArcticZymes Technologies is a Norwegian life sciences company focused on premium and novel enzyme as well as immunomodulating beta-glucan technology.

The ArcticZymes Technologies Group is creating value from innovation in life science markets via its subsidiaries, ArcticZymes and Biotec BetaGlucans. Its technologies capitalize on more than three decades of world-class research at the Arctic University of Tromsø to offer niche and high-tech products in several biotech segments.