Explora BioLabs Takes on Investors and Capitalizes for Growth — Two Industry Veterans Combine to Lead Explora 2.0

San Diego, CA – Explora BioLabs, the West Coast’s leading pre-clinical vivarium operator and contract service provider, today announced that a significant position in the company has been acquired by Seabright Fund, a growth-focused investment fund led by industry veteran Nathaniel “Sandy” Paige. Paige has been named CEO. The company will continue to operate and expand under its strong brand name of Explora BioLabs and its Founder, Dr. Richard Lin, will remain in place to focus on growth and business development.

“The time is right to add management expertise and additional growth capital to Explora as we prepare for the next chapter in our story, . . . Explora 2.0” said Dr. Richard Lin, Explora’s founder. “I am looking forward to working with Sandy as we build Explora to meet its full potential. Our commitment to our clients and to enabling great science will be even stronger under new ownership.”

“The chance to work with Dr. Lin, our COO Dr. Hong Xin, and the rest of the Explora team at this stage of its growth story is a once-in-a-lifetime opportunity,” noted Sandy Paige. “Explora’s management and employees have been the foundation of its success so far, and our clients count on them every day to perform and support high-quality pre-clinical research. I look forward to learning from and leading this team as we grow.”

Paige served in multiple leadership positions for nearly 10 years at The Jackson Laboratory (JAX), with responsibilities spanning operations, strategic planning, and global business development. Most recently he held the position of Director of International Sales & Distribution at JAX and previously was its Site Director in Sacramento, CA (JAX West).

About Explora BioLabs

Explora BioLabs is a 14 year old provider of outsourced pre-clinical vivarium services to biotech companies headquartered in San Diego, with operations spanning San Diego to San Francisco. The company is well-known as the West Coast’s leader in micro-vivarium rentals (“OnDemand” facilities) that enable biotechs to rapidly initiate and scale their pre-clinical rodent programs proximate to their own workplace. With 7 AAALAC-accredited locations in the key biotech hubs in San Diego and San Francisco, Explora serves more than 50 different biotech clients in its OnDemand product. In addition, more than a dozen clients take advantage of Explora’s “OnSite” facility management where the complications of managing the customer’s own vivarium facility is serviced by Explora and its technical staff. The company also provides pre-clinical contract research services to customers wishing for high-quality, fast-turn, contract research studies.

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Media Contact:

Sandy Paige, CEO, 530-760-9180, spaige@explorabiolabs.com