GlobeNewswire Inc | Nov 30, 2021 08:05AM EST

November 30, 2021

Certification ensures Akoyas cutting-edge spatial biology tools meet the highest standards for translational medicine and clinical research, with longer term potential for companion diagnostics.

MARLBOROUGH, Mass., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Akoya Biosciences, Inc., (Nasdaq: AKYA), The Spatial Biology Company, today announced that its Advanced Biopharma Solutions (ABS) laboratory, located in Marlborough, Massachusetts, has received its Certificate of Registration from the Clinical Laboratory Improvement Amendments (CLIA) program, following the receipt of a Massachusetts Department of Public Health clinical laboratory license. This certification enables Akoyas ABS lab to support later stage clinical trial studies with its biopharmaceutical partners.

CLIA certification affirms that Akoyas ABS lab processes and services operate under high quality standards and provides a framework for assay development and validation that consistently meets guidelines for accuracy, precision, specificity, sensitivity, and reproducibility. This milestone is an important step towards advancing the companys platforms toward clinical use. It further positions Akoya Biosciences as an attractive partner for biopharmaceutical companies seeking to incorporate its ground-breaking spatial biology technologies into their clinical research, most notably in the expanding field of cancer immunotherapy.

Securing CLIA certification for ABS demonstrates our commitment to meeting the highest quality standards, said Brian McKelligon, Chief Executive Officer of Akoya Biosciences. This is an important step in support of our effort to work with our biopharmaceutical partners to identify biomarkers that lead to better clinical decision making and improved patient outcomes.

Spatial biology, a rapidly emerging field of science, allows researchers to discover and validate biomarker signatures that map the interactions of tumor and immune cells across an entire tumor tissue section by retaining the spatial context. Published studies have demonstrated that spatial phenotypic signatures, based on Akoyas platform, are more accurate at predicting response to immunotherapy than biomarkers currently being used in the clinic.

The certification will enable Akoya to expand its collaborations with key partners like AstraZeneca and other biopharmaceutical companies working with Akoyas ABS Program. The goal of this program is to enable biopharma partners to leverage Akoyas deep spatial biology expertise and technological innovations from the early stages of clinical trials, potentially, through full companion diagnostic approval.

The CLIA certification is the latest milestone in Akoyas ongoing efforts to ensure consistency and standardization of its laboratory processes and results. Important prior milestones include a recent publication in the Journal of Immunotherapy for Cancer on the MITRE Study, demonstrating for the first time a spatial biology workflow with the throughput, accuracy and reproducibility required to serve the translational and clinical markets.

For more information about Akoyas Advanced Biopharma Solutions offerings, please visit: akoyabio.com/advanced-biopharma-solutions.

About Akoya Biosciences

As The Spatial Biology Company, Akoya Biosciences (Nasdaq: AKYA) mission is to bring context to the world of biology and human health through the power of spatial phenotyping. The company offers comprehensive single-cell imaging solutions that allow researchers to phenotype cells with spatial context and visualize how they organize and interact to influence disease progression and treatment response. Akoya offers two distinct solutions, the CODEXand Phenoptics platforms, to serve the diverse needs of researchers across discovery, translational and clinical research. To learn more about Akoya, visitwww.akoyabio.com.

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Investor Contact: Media Contact:Priyam Shah Michelle LinnSr. Director, Investor Relations Bioscribe, Inc.Akoya Biosciences michelle@bioscribe.com investors@akoyabio.com