Biotec Pharmacon ASA rebrands as ArcticZymes Technologies ASA
Tromsø, Norway, 17. June 2020 – Biotec Pharmacon (OSE: BIOTEC) announces 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 name change will also coincide with the unveiling of a new brand identity, a new corporate logo and an updated website (Arcticzymes.com)
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.”