Techmer PM

With license and library deals, biotech spreads its DNA

By GREGORY ZELLER // It’s been a banner month for Applied DNA Sciences, with two new deals both reaffirming the biotech’s scientific value and significantly extending its commercial reach. On Friday, the provider of DNA-focused supply chain, anti-counterfeiting and anti-theft technologies announced that its SigNature molecular tag technology had been added to global materials-innovator Material ConneXion’s prestigious library – exposing Applied DNA’s wares to scientists, manufacturers and makers around the world, a potentially enormous commercial…


On cotton, new capital and comebacks to come

By GREGORY ZELLER // Capital infusions and superstar strategic advisors couldn’t save Applied DNA Sciences from another bottom-line beating in the first quarter of Fiscal 2017 – but the biotech appears ready to punch back. Reporting Thursday on the quarter ended Dec. 31, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist noted $903,000 in quarterly revenues – down 32 percent from the $1.32 million reported in 1Q FY2016, and 45 percent from the $1.64 million reported in 4Q…