Himatsingka Group

For Applied DNA, a lucrative new passage to India

By GREGORY ZELLER // Growing interest from Asian-Pacific textile manufacturers has prompted a Long Island biotech to establish a new testing laboratory in India. Stony Brook-based Applied DNA Sciences on Tuesday announced the opening of its new Central DNA Testing Laboratory in Ahmedabad, a city of 5.6 million residents in the Western India state of Gujarat, a manufacturing and distribution hub advancing cotton and other textiles, as well as fertilizers, petrochemicals and pharmaceuticals. From there,…


Stock deal, textile team-up top biotech’s big week

By GREGORY ZELLER // It’s been a busy and happy week for Applied DNA Sciences. Just days after trumpeting a new and potentially lucrative research partnership with Texas-based Aloe vera-products manufacturer Lily of the Desert, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist announced Wednesday a $1.8 million private placement led by company executives and board members and an unnamed “strategic investor.” Also this week, Applied DNA announced a new licensing agreement with Himatsingka…


Applied DNA: Cotton, leather and finally making hay

By GREGORY ZELLER // It’s not quite a return to the company’s financial halcyon days, but Applied DNA Sciences may have finally turned a corner. Yes, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist ended the second quarter of its fiscal 2017 (ended March 31) with a quarterly net loss of $3.4 million, or 13 cents per share. But it was less of a loss (barely) than the $3.5 million bite suffered in 2Q…