ArcticZymes Technologies ASA

ArcticZymes Technologies ASA

AZT.OL
Tromsø, Norway· Est.
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AZT.OL · Stock Price

NOK 20.20+5.10 (+33.77%)
Market Cap: $111.6M

Historical price data

Market Cap: $111.6MFounded: 1993HQ: Tromsø, Norway

Overview

ArcticZymes Technologies is a mission-driven company focused on advancing molecular research, diagnostics, and therapeutics through specialized enzymatic solutions derived from Arctic organisms. Its key achievement is the invention of salt-active nucleases and COD UNG, establishing it as a critical supplier to the global IVD and biomanufacturing industries. The company's strategy is to deepen its penetration in the high-growth gene therapy and vaccine manufacturing markets while expanding its therapeutic pipeline. With over 30 years of expertise, ArcticZymes combines a stable commercial enzyme business with a forward-looking therapeutic development arm.

OncologyInflammatory Diseases

Technology Platform

A proprietary Cold-Adapted Enzyme Discovery & Optimization Platform that harnesses extremozymes from Arctic microorganisms, yielding enzymes with unique properties like thermolability, cold-activity, and salt-tolerance for research, diagnostics, and therapeutics.

Funding History

2
Total raised:$12M
IPO$10M
Seed$2M

Opportunities

The booming cell and gene therapy market presents a massive opportunity for its Salt-Active Nucleases to become a standard tool in viral vector purification, improving yields and reducing costs.
Additionally, its unique enzyme properties provide a platform for developing novel, differentiated biologic therapeutics in oncology and inflammation.

Risk Factors

Revenue concentration in key diagnostic enzyme products and dependence on the IVD market create exposure to technological shifts.
The long and risky path of therapeutic development could consume significant resources without guaranteed success, and competition from larger life science tool companies is a constant threat.

Competitive Landscape

Competes against broad-line life science tool giants (Thermo Fisher, Merck) through deep specialization in high-performance, cold-adapted enzymes. In biomanufacturing, its Salt-Active Nucleases directly challenge the established standard (Benzonase®) by offering superior performance in high-salt purification processes critical for advanced therapies.

Company Timeline

1993Founded

Founded in Tromsø, Norway

2007Seed

Seed: $2.0M

2018IPO

IPO — $10.0M