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May 27, 2015 2:39 PM ET

Life Sciences Tools and Services

Company Overview of AIBioTech Inc.

Company Overview

AIBioTech Inc., a diagnostic laboratory and contract research organization, provides integrated research and development, and clinical testing services to physicians and life science investigators in biotechnology and pharmaceutical companies, academic institutions, and various government agencies. It offers medical services that include PersonaGene genetic panels, which identify patients’ metabolic profiles; L-asparaginase assay, a laboratory developed test to determine the enzyme activity of L-asparaginase in patients who have been treated with Elspar/Kidrolase, Oncaspar, or Erwinaze; U-Swab genital pathogen testing; and KRAS-BRAF testing for colorectal cancer mutations. The company also p...

601 Biotech Drive

Richmond, VA 23235

United States

Founded in 1985

Phone:

804-648-3820

Fax:

804-648-2641

Key Executives for AIBioTech Inc.

Chief Executive Officer
Age: 59
President and Chief Scientific Officer
Age: 62
Executive Vice President
Age: 51
Director of Security
Director of Biological Chemistries
Compensation as of Fiscal Year 2014.

AIBioTech Inc. Key Developments

American International Biotechnology, LLC Reached Settlement with the U.S. Department of Justice

American International Biotechnology, LLC recently reached a settlement with the U.S. Department of Justice to fully resolve allegations about a contract sales agent’s actions in connection with certain laboratory tests ordered by a certified registered nurse practitioner employed by Greentree Medical Center, Rices Landing, PA. AIBioTech denies any wrongdoing. It chose to settle the matter to avoid the delay, uncertainty, inconvenience, and expense of litigation. The case relates to claims for laboratory tests from a single physician practice over less than five months that occurred more than one year ago. AIBioTech had no knowledge of the alleged actions of the contract sales agent, and only learned of the action on receipt of the complaint; it did not approve or sanctions the actions of the sales agent. AIBioTech conducted laboratory tests based on orders signed by a properly licensed and enrolled nurse practitioner. AIBioTech was unaware of any impropriety with the test orders.

Aibiotech Inc. Teams with Leidos for Air Force Contract

AIBioTech Inc. announced that it is acting as a subcontractor to Leidos, which was awarded a contract by the U.S. Air Force to provide research, development, testing and evaluation for Homeland Defense and Security Technical Area Tasks (HD TAT) to the Department of Defense (DoD) community of interest. Leidos is a national security, health and engineering solutions company. The cost-plus-fixed-fee, firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, four one-year options and a total value of approximately $900 million if all options are exercised. Leidos is one of 12 contractors eligible to compete for task orders under the contract.

Margaret Blackburn Joins AIBioTechas as Director of Quality Assurance and Compliance

Margaret Blackburn has joined AIBioTech as Director of Quality Assurance and Compliance. Blackburn’s objectives will be to oversee the quality assurance and compliance team, maintaining accreditation and certification regulations and insuring safe laboratory practices for AIBioTech and its toxicology, forensic and paternity divisions. Margaret brings a wide variety of experience with her to AIBioTech that will further it’s quality assurance and compliance program.

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